One of the biggest advantages of cloud computing is its ability to provide services quickly and efficiently. This eliminates the need for you to spend weeks or even months waiting for your applications and compute resources to be available. However, many other benefits cloud computing can provide. Based on my personal experience with the technology, here are the five most important business benefits that cloud computing can offer.

 

Business agility

Getting the necessary computing resources when you need them can help you get the job done faster and more accurately. This can also help you avoid costly errors and improve the efficiency of your operations. One of the most common reasons I have seen companies reduce their time-to-market and cost of implementing data analytics projects is their ability to get the most out of their cloud computing resources.

 

Creating New Business Models

The availability of cloud computing has made it easier for companies to start new business initiatives. With the ability to combine and utilize various cloud services, they can create new and innovative business models that can generate new revenue streams. Some of these include companies such as Bitcasa and Spotify. In addition to being able to create new business models, cloud computing can also help companies develop new value propositions.

 

Using All Resources

One of the most important business benefits that cloud computing can provide is its ability to help companies reduce their operational costs and improve the efficiency of their operations. This can allow them to focus on other important activities to help their company grow. Although this benefit is different for every company, it can benefit them as it will enable them to utilize their people better.

 

Fewer Issues in Operations

One of the most important advantages of cloud computing is its ability to reduce the number of issues and defects in a company’s operations. Through standardized services, organizations can improve their business continuity and reduce the time spent on operational matters. One of the most common advantages of cloud computing is its ability to provide continuous deployment of the same services. This allows them to pre-emptively deploy new features and applications.

 

Cut of Expenses

There is a debate about the value of shifting from the traditional capital expense model to an operational expense model. Although the OpEx model is more attractive for short-term projects, it is also more cost-effective when compared to the traditional model. In the OpEx model, an organization does not have to make any upfront investment and can start projects immediately without losing its assets.

 

There are many more benefits to cloud computing than just technology. The true power of technology is its ability to transform how businesses operate.