The goals of gaining Competitive Advantage from Cloud Computing are realized in unexpected areas including advanced customer relationships driven by big data analytics, precise business decision making from cloud decision support systems, and enhanced business collaborations. Further information available at Competitive Advantage from Cloud Computing.
The ability to analyze big data in cloud systems creates competitive advantage from cloud computing through access and affordability of complex software for small and medium sized enterprises. Traditionally Cloud Big Data Analytics requires the acquisition of expensive software, licensing, and hardware platforms cost prohibitive to the ordinary business users. In addition, current cloud big data analytics systems do not require sophisticated technical expertise to perform calculations.
The improvements in competitive advantage from cloud computing collaboration systems originate from rapid exchange of decision capable information to those who consume decision information. The sharing of decision information in a cloud platform from any information format and type, enables a higher level of business collaboration and value through decision accuracy, speed, and analysis.
Competitive Advantage from Cloud Computing
• Cloud Big Data Analytics – Advanced and insightful customer relationships
• Cloud Business Models – Development of innovative cloud business models to meet objectives
• Cloud Decision Support Systems – Complex business data analysis
• Business Process and Cloud Consulting – Competitive Advantage from Cloud Computing
• Cloud Business Collaboration – Efficient and effective tools for business workers
When choosing Cloud Computing Technologies as your consulting partner for Competitive Advantage from Cloud Computing, you can rely on the quality of our work, efficiency, and our ability to develop innovative cloud solutions on-time within budget. By focusing on delivering maximum measurable Return-on-Investment (ROI), Cloud Computing Technologies produces winning cloud technology strategies to win in competitive environments.
Contact Cloud Computing Technologies today for a no-obligation Competitive Advantage from Cloud Computing proposal! We specialize in developing cloud computing strategic advantage, cloud decision support systems, and cloud big data analytics systems.
According to an IBM study, companies that have deployed cloud computing are gaining a competitive advantage over firms that don’t have cloud computing. They’ve not only found ways to build new customer relationships, but they are also benefitting from data-driven, evidence-based decision-making through insights obtained from big data analysis.
Cloud computing has allowed firms to ultimately boost their revenues and profitability with far more efficient practices than other firms. Here are some ways in which organizations are gaining a competitive advantage from cloud computing:
The limitations and restrictions imposed by local networks have long been a strain on organizational productivity. Without cloud-based networks, employees and managers have to be at the premises to access emails, documents, data, images, etc.
The flexibility offered by cloud computing is a real game-changer as professionals are no longer restricted by local networks and can access any information from anywhere. They can even collaborate with other team members on documents!
Data is not stored in on-site hardware or hard drives but is remotely centralized. As long as you’re granted access, files and data can be accessed from anywhere, and that has many benefits!
Enhanced Productivity and Cost Savings
Cloud-based solutions are highly useful in supporting the new work-from-home model. The technology has enabled firms to bring an end to the 9-to-5 work culture, where employees had to come to the office to access files and communicate with one another.
Several years ago, Bill Gates shared some tremendous insights into corporate trends, including a prediction that businesses offering most flexibility to their employees in terms of work environment and timings will be able to establish a competitive advantage amid fierce competition.
Many tech firms had already implemented the new remote work model, especially for project-based functions when the COVID-19 crisis gave an incredible boost to the trend.
Qualtrics conducted a survey in 2017, asking millennials whether they would take a pay cut from a company that offered flexible work arrangements. 75% of them answered ‘yes’ to the question.
A large number of SMEs that were suspicious of what work-from-home would lead to have come to trust the model and realize that employees thrive well under this model. According to Forbes, staff that can take advantage of flexible work arrangements tend to be more loyal, motivated, and engaged.
Flexible work options also help companies attract a forward-thinking staff that is motivated by the freedom to choose their work timings and locations. Having the flexibility to set your own routine greatly improves productivity.
Besides, remote work models offer incredible cost savings on office rent, purchasing and maintaining equipment, and utilities. You’ll be amazed by just how much you can save on these costs.
All in all, cloud computing has the potential to improve employee productivity and cost savings, thereby increasing your profitability.
Informed Decision Making
The exponential growth of various data-driven tech firms has proved how powerful data can be and how quickly it translates into money. The world has finally realized that the most valuable and actionable data lies with their daily transactions and business processes. All you need to do is identify it and make sense out of it.
Yet, sifting through tons of data is not easy. You need a reliable program powered by cloud computing technology to organize the data and convert it into something valuable.
Many cloud-based programs offer integrated analytics that help you gain a bird’s eye view of your business. To analyze the information, you’ll have to implement real-time data tracking mechanisms and generate customized reports.
Using the insights from the analysis and reports, you can build action plans and make rational decisions to meet your organizational goals.
Some misinformed professionals believe that storing sensitive data in the cloud makes it vulnerable to security breaches. According to them, when data and programs aren’t securely restricted to onsite access, they are not sufficiently protected.
Many people also believe that if a company’s employees can access sensitive information from anywhere, there is an increased likelihood of cybercriminals doing the same.
These individuals lack knowledge about the potential of cloud computing. In reality, cloud service providers are far more efficient when it comes to security. In an in-house IT system, the team’s efforts are spread across a multitude of IT concerns, one of which is data security. As opposed to this, a cloud service provider’s primary function is security.
Plus, most firms pay little attention to securing data from internal theft, which explains why an alarmingly high proportion of data breaches occur internally involving employees. In a scenario like this, it’s much safer to secure the data offsite.
According to RapidScale, 94% of companies reported an improvement in data security after moving to cloud-based data storage and 91% claimed that it made them easier to stay compliant with government regulations.
Apart from a focus on security, what makes cloud a secure option is the solid encryption of data that’s stored in databases and transmitted across networks. Encrypting data makes it less vulnerable and prevents unauthorized access from anyone, including hackers.
No matter how robust your in-house IT systems are, certain situations remain largely unpredictable. Even a negligible unproductive downtime can have massive effects on your business, resulting in lost productivity, negative reputation, and diminished revenue.
It’s not that cloud solutions will let you anticipate or prevent disasters, but most solutions ensure quick recovery, thus minimizing the negative consequences that result from data loss. Cloud service providers typically have data copied on various databases. Hence, in case there is a power outage or a natural disaster, the lost data is quickly backed up. Based on the same RapidScale study, 20% of organizations using cloud computing reported disaster recovery in 4 hours!
If you haven’t yet considered switching to the cloud, you’re already lagging behind. A well-managed cloud-based program not only takes away the burden of maintaining IT infrastructure, but it also replaces it with a highly secure solution.
Hence, it’s time to say goodbye to obsolete practices and achieve a competitive advantage from cloud computing.