The cloud is more than it used to be. Just ten years ago, it was seen exclusively as an efficient way to store data. Today, its ubiquity in the workplace is surpassed only by, perhaps, computers. Businesses can now use cloud computing services in their departments and processes, and enjoy benefits such as remote access, enhanced data security, improved organizational efficiency and more.
In fact, according to Gartner, global end-user spending on cloud services is $ 270 billion in 2020, a figure expected to be 23% higher by the end of 2021.
This rapid adoption is also often attributed to the cost effective nature of the technology. So it’s no surprise that not only large companies, but also small businesses and startups, are using the cloud to drive their growth.
How startups benefit from the cloud
Most startups aim to get big and fast. However, they are often constrained by high resource requirements and limited finances. This is where cloud hosting can help them the most.
Cloud hosting allows businesses to move their operations and resources to the Internet. This way, businesses can access their data from anywhere, improve productivity and save money. These benefits, along with data protection, are provided by the cloud provider and allow startups to focus on growth and expansion, rather than worrying about day-to-day operations.
Of course, that’s not all: there are several other benefits for startups that host their business applications and data in the cloud. Let’s explore some of them in detail.
Data security
In a world where cybercrimes are increasingly common, businesses must prioritize data security. According to Legaljobs, in 2019, over 60% of companies experienced social engineering or phishing attacks.
Cloud service providers offer advanced security features such as end-to-end data encryption, the latest antivirus and firewalls, intrusion detection and prevention (IDP) systems and trained personnel for regular monitoring Datas. To make the solution foolproof, cloud providers also deploy strict protocols to ensure the physical security of their data centers.
For startups that don’t have a dedicated IT team and are operating on limited budgets, such data security measures make the most sense.
Profitability
A myth that most businesses fall for is that the latest technologies like cloud hosting are only meant for large companies. What they don’t realize is that cloud hosting is a cost effective solution.
With all resources hosted in the cloud, there is no need to invest in physical IT infrastructure. Cloud hosting is also a fully managed service, which means there are no maintenance and repair costs. It also supports remote working and reduces rental costs for large office space.
When we add all of these benefits to the fact that with cloud hosting you only pay for what you use, we realize how startups can optimize their budgets.
Remote work
The COVID-19 pandemic has caused everyone to work from home. This situation was particularly difficult for companies that did not have a remote working model in place. And yet, companies that have migrated to the cloud have been able to operate seamlessly.
With the cloud, company data and applications are hosted on a remote server that employees can access over the Internet. Another benefit is that individuals can use their favorite device (tablet, desktop, laptop, or Chromebook) to perform all of their tasks.
Better collaboration
In a startup, employees are often involved in multiple projects at all levels and need to collaborate with each other and with stakeholders.
Here, email file transfers can create many versions of the same file causing confusion and decreased productivity. This can easily be solved with cloud hosting. With the cloud, multiple users can access and edit the same file in real time. For example, accounting firms can host business applications like QuickBooks or Sage on the cloud, and multiple accountants can work on the same file simultaneously to get the job done.
Easy scalability
One of the most important benefits of cloud hosting is its ability to scale instantly. Startups are still waiting for this great project that stimulates their growth. In such situations, it’s important to scale up quickly and meet all deadlines.
Startups that use cloud hosting simply need to contact their cloud provider. The required resources are delivered instantly and they continue to function without any problems.
The cloud is the future
As startups begin to take advantage of the cloud, business dynamics change. Not only with the many benefits it offers, but also with the way it level the playing field. Cloud hosting enables new businesses to compete at the highest level by allowing them to offer the best quality services. . The best part? Cloud services adapt to all sectors of activity allowing each type of startup to improve its productivity and optimize its business processes.
The article was written by Vinay Chhabra, CEO of Real Time Data Services Pvt. Ltd.
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