More convenient working with lower input costs and higher profits. We’re not here to give you a magic business recipe, but rather list the everyday benefits of cloud computing.
The use of cloud-based digital services has exploded in recent years. And for good reason: there is huge economic potential, which can give your business a tangible competitive edge in the market. The vast majority of large enterprises are already using cloud solutions, but for SMEs, cloud is no longer just another detour on the technology bandwagon, but a strategic decision that can have a direct impact on business success and revenue.
Let’s look at the areas where a move to the cloud is recommended and explore why.
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But what exactly is the cloud?
These services are all about accessing your company’s data and software from a remote data center via the internet, instead of storing it on local computers or servers.
You’re using these solutions right now. Why shouldn’t your company use them too as well? Chances are, you store your family photos in the cloud. From a user perspective, enterprise-level cloud services are just as convenient. Their functionality is just the same as the tried and tested enterprise software running on local servers, but enterprise-level cloud tools operate in the background with much more complex processes and data management compliance.
Why companies love the cloud
Let’s start with a strong argument: a recent study on cloud technology by Deloitte and BellResearch shows that the annual revenue per employee of Hungarian companies using the cloud is nearly HUF 2.4 million higher than that of their competitors not using such services. That sounds promising. Let’s see the other benefits!
More flexible than you think
Cloud operations are incredibly flexible. If you work in a seasonally fluctuating industry, you’ve probably dreamed of a workforce that only asks for pay from September to December. The cloud is just like that: you can always choose the service you need. If you shrink, they shrink with you; if your company suddenly grows, they jump with you. This allows your business to react quickly to market changes, which can be a huge advantage over slower competitors.
These solutions that can be accessed from anywhere allow your staff to do what they do best, anywhere, anytime. Today, these solutions are available for every industry, from digital irrigation control to hotel room reservations to construction project management.
In addition, the cloud supports the introduction of new things: to try out promising software and solutions, you just need to use the services on demand, as needed for the project. No months of planning and no need to rewrite the annual budget plan for a new idea.
Why are we still afraid of the cloud?
Despite the many benefits, 63% of domestic companies do not use cloud technology at all. Companies with more than 250 employees and those in the transport and warehousing sector lead the way in cloud adoption, while agriculture and mining are the worst performers. The study, commissioned by the IVSZ Digital Business Association, also looks at the barriers that are holding companies back from the cloud.
Missing competences
In many cases, companies lack the knowledge and openness to move to a cloud-based organisation. Advanced solutions now require more expertise in both design and day-to-day operations, and if this is lacking in the organisation, it can be a barrier to migration. We can support you in ensuring that your company can take advantage of the cloud: in Codecool’s training courses for enterprises, we also work to ensure that your employees are confident in using the latest technologies in their work. From the board to the production line.
Lack of trust in the technology
This lack of understanding can also hinder decision-making; for example, managers may not understand the benefits of using the cloud or overestimate the risks of switching. Explore the topic together and learn about the potential benefits and challenges.
Many people are concerned about cloud data security, even though the big cloud providers have higher security measures than companies can implement on their own. While SMEs often store their data in a fixed location, on outdated machines, and accessible to unauthorized parties, large providers minimize the dreaded data loss by using automatic backups and constantly improving security protocols.
Don’t be afraid of new innovations; take advantage of them. Look for industry best practices—or create them yourself!
Concerns about costs
Financial challenges are also included in the top concerns about implementation, but Deloitte’s previous survey found that cloud adoption reduces overall IT costs by 20-50%. You should expect a change in cost estimation and planning; for example, hardware installation items are replaced by rental lines, which often include upgrades and maintenance. The flexible pricing structure of these solutions allows you to pay only for the resources you use, so instead of sunk costs, you’ll be calculating how much your expenses have been reduced. All processes can be planned and managed by bringing in subject matter experts, so after an initial learning phase, your business can move to more efficient and cost-effective operations.
For companies large and small, cloud computing is not just an option, it is a necessary step to stay competitive. This point cannot be overstated. Time is money, and using these solutions can give your company more of both.
But where are the professionals who can support you in cloud computing?
We have them.
At Codecool, we’re training the next generation of IT professionals, but if you’re looking to develop the digital skills of your colleagues, you can count on us.
Let’s chat! We can help to find you talented IT professionals or support you in learning new, up-to-date skills to speed up your digitalization.
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