Given how the commerce of today has become so distributed and global, organizations of various sizes are collaborating and exchanging information with a growing band of partners, divisions and customers. Cloud computing has reached new heights as it offers a disruptive way for businesses to work.
Despite the benefits of speed, flexibility, and cost that comes with this kind of technology, not many companies have opened up to it. It is a real shame, considering the number of advantages that it presents. That is why we put up this article and beefed up those benefits a bit more.
Here’s a closer look as to what awaits companies when they integrate cloud computing into their business.
1. Improved Revenue And Margin
Perhaps one of the greatest growth areas for cloud-computing integration is in demand chain processes. It is because companies know that improving customer-facing business processes and keeping customers close has a direct impact on the top and bottom line.
Many companies who vied for this had improved metrics around retention, revenue, order size, and margin. For example, Life Technologies Corp, a company that wanted to increase its revenue by improving its customer’s online business experience.
After going for cloud-based integration, the company was able to accept transactions from various customer procurement systems through its website and was able to rationalize an order management system that covered over a dozen platforms. Life Technologies Corp’s account rose to 29% after the integration.
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2. Accelerate Time To Market
Whether it is business agility, nimbleness or just a simple realization that customers, partners, and suppliers wish to have immediate access to your company’s products and services and not when your IT organization goes around delivering the supporting functionality.
It is often restricted by tools specific to a certain platform-as-a-service (PaaS), or infrastructure-as-a-service (IaaS), offered from a variety of its vendors. Only a fully integrated cloud stack, which combines the powers of PaaS, IaaS and SaaS (software-as-a-service), is optimized for speedy delivery.
Business agility is of extreme importance to brands and companies everywhere around the world. A recent survey of 2,263 companies conducted by Oracle, 81% of the respondents said that the ability to develop, test and launch new business applications is either critically important or just enough to the success of their companies.
Ironically, when asked to identify the largest threat to their companies, 27% of the respondents referred to the ability of competitors to launch innovative customer services more quickly than their companies. However, survey results reveal that the companies are overestimating their own agility.
3. Improved Customer And Partner Relations And Retention
Companies have to make it easier to do business with their partners and customers. And a good example of it is that they can no longer tell suppliers to use a single format such as EDI because companies have investments in systems and applications that they need to extend.
In addition to that, customers have far greater choices than ever before and if you make it hard for them to exchange information, they could go to your rivals.
4. Free IT Services Doing More Innovative And Customer-Focused Work
The Internet of Things, new “collaborative economy” business models, as well as the rise of mobile, cloud, social and data analytics technologies, are looking to disrupt industries like never before. Hence, it is vital that CIOs and their IT organizations stop wasting time on middleware and other operational tasks.
IT leaders need infrastructure and cloud applications that are able to work seamlessly so they can work more on building competitive advantage for their companies.
5. Reduced Costs And Capital Expenditures
From what we have learned from traditional integration solutions, they require a specialized and an expensive skill set from workers and can even break at just the slightest change in format or schema.
Other than that, IT departments are constantly under pressure from businesses to improve IT operations and help drive great revenue and business impact, but they are rarely given enough resources to doing so.
By integrating existing systems with cloud-based solutions, companies can cut back or delay the costs of replacing infrastructure.
6. Scale Up And Down More Easily
By far, one of the greatest benefits of cloud software and infrastructure services is that companies can buy as much or as little as they want at any given point in time. There is no need for any over-provision for spikes in customer or user demand. The same can be said for the integration of those cloud services.
Customers can hurriedly increase or decrease connections as the business conditions indicate, only as long as those cloud applications and infrastructure are built to industry standards.
7. Extend Investments In Legacy Systems And Applications
Strict integrations between cloud and on-premises applications are also very crucial, just so companies can extend the life of their legacy systems and tap right into those rich data stores.
Guest Post By: Anna Marsh works as an IT Manager at Best UK Assignment Writing Service by Assignment Help Deal. As a blogger, she offers her readers the insights and analysis on a range of issues related to IT infrastructure and software solutions.