How the Cloud Can Affect Business Directions
When computers got past conceptual stage, it was initially designed for military use. The internet is also the same. It was eventually adopted for business use and then to the mainstream general public. IBM means International Business Machines, a company that pioneered using computers for enterprise use.
There is no need to explain how both eventually ended in its current, but a perpetually evolving, state; what matters now is the two are interrelated and Cloud computing married the two technologies forever.
Synergy between business and technology
The IT industry thrived by creating and providing business needs. However, the great ones such as Microsoft, Apple, Amazon, Oracle, and others became multi-billion dollar companies by creating the future and changing the way we do business.
Cloud computing opened up a world of possibilities for any business. It is one of those disruptive technologies.
Offices, business hours, and commercial districts are working concepts to consolidate enterprise resources. People and machines work together at a pre-appointed time and place to conduct business. The resources they need are in the same place (at the same time) for efficiency.
Cloud computing placed those said resources in cyberspace.
If corporate resources are now available at the palm of our hands at any time (or when there’s a data connection), then offices, commercial districts, and business hours are no longer necessary.
Remote Workers – Online collaboration through email, chat, video conferencing, and file sharing are now seamless through cloud-based systems. It is no longer necessary to go to the next floor to talk to accounting and HR. Marketing people can coordinate their efforts online and see real-time statistics on their performance. Endless, time-consuming meetings are now a thing of the past.
Remote Workers are also 91% more productive and are on average happier than office workers.
Borderless Market – It is estimated that 2.3 trillion dollars of goods were bought online in 2017. If we extrapolate the value of services bought during the same period, then over 5 trillion worth of products and services were completed over the internet and is expected to grow YOY.
Innovations through cloud-native mobile applications to provide any product and service is ongoing and continuously improving.
Lower Overhead – Monthly retail space could cost as much as $10 to $4,000 per square foot depending on the location and the nature of the business. Moving specific operations on the cloud can drastically reduce the need for brick and mortar space.
Automated Processes – There are plenty of studies done on how automated processes also lower overhead costs in terms of office supplies, utility bills, and labor wages. A Forbes article showed that a company with 500 employees can save as much as $4 million dollars annually.
Closer Consumer Experience – Social media and online support channels enhance user experience and feedback. There was a time when companies paid big money just to hear from their target market. Today that information is available for free.
The Future and beyond
Cloud-based resources are only poised to get better. Advancements in Artificial Intelligence (AI), Big Data Analytics, and the Internet of Things can only provide business owners a better insight in running their organization as time goes on.
Real-time information available to decision-makers and unfettered communications can only lead to a more agile and innovative company. Cloud computing makes all this possible.