Profitability is less the measure of being able to turn a profit, and more the measure of how much profit you can make. For the successful small business, the integration of technology can dictate what kind of annual margins you are looking at. For the new company, however, it can be something even more critical: the difference between setting a course for success, or wallowing in failure. Today we analyze the cost difference between hosting your IT in-house, or choosing to host it in the cloud.
The cloud has proven to be an extremely useful tool for the modern business. Not only does it provide anywhere-anytime access to applications, processing, storage, et al; it also delivers those products as a service, allowing you to budget for recurring costs rather than major upfront ones. This provides your organization with functional, supported, and secure computing environments that eliminate a lot of the support costs that traditional computing environments require. It sounds like a perfect scenario for small and large businesses alike, but things aren’t always what they seem, as a lot of cloud users have found that they have incurred several hidden costs by using cloud platforms. Today, we take a look at these hidden costs.
Traditionally, if a business needed a solution to a problem, they would research which technology is the best for the problem they had and go out and buy it. If a company didn’t have the money to buy that solution, they would borrow to buy it so that their business wouldn’t stagnate and fail. In today’s tech-driven business environment there is a much better option than mortgaging your business just to save it.
As businesses continue to adapt to the ever-evolving workforce, many are now supporting a variety of environments. Ranging from hybrid, remote, and in-office, the one constant is the need for your team and clients to communicate with each other. Learn how Microsoft SharePoint can help.
As businesses have been allowed access to more advanced tools, the cloud and its capabilities have been shown to be among the most useful to operations. Let’s examine some practical applications of the cloud to see why this is.
The cloud has long demonstrated its many benefits to a business’ operations, but perhaps never so much as it has now. With so many people remaining in their homes, the only way that any business (essential or not) can get anything done is to adjust to remote operations—something the cloud is especially useful in. If ever there was a time to take advantage of the cloud’s capabilities, it would be now.
Collaboration has always been key to the success of businesses, and with the cloud technologies now available, collaboration is possible in more ways than ever. COVID-19 has made business connectivity more important than ever, so we saw it fitting to recognize some of the cloud’s collaboration options. They come in a few distinct flavors:
The cloud is an undeniably useful technology to implement in your business’ processes, and is a very popular option as a foreseeable result. This does not mean, however, that the cloud isn’t subject to some risks. Let’s go over a few risks the cloud presents, and how you can mitigate them by selecting the right provider.
Cloud computing is generally accepted today as a good option for businesses. While we aren’t arguing that this isn’t the case, we wanted to make sure that your cloud use–actual or theoretical–was sufficiently secure. Many will neglect to consider how secure their use of cloud solutions is, which is something that we’d like to fix.
When you look at cloud services, it can be easy to wonder how it is so beneficial for businesses. After all, the monthly service charges are attractive, but how do they provide the value outside of cost? To understand how the cloud brings rapid and sustainable ROI, it may help to look at an analogy.