Head in the cloud? Financial benefits of cloud computing
Can you believe it’s already the end of November? It’s scary how quickly the year has gone.
This year, more businesses of all sizes (and all around the world) have played a significant role within the cloud.
Some have finalised their strategies and begun the transition of their business data, while others have been researching, meeting with consultants, and learning more about the cloud, the benefits, and the importance of a cloud computing strategy.
This week, we want to examine the cost savings associated with the cloud.
So, what are the financial benefits of Telstra’s cloud computing?
We’re glad you asked. The following are some of the most popular ways businesses can save money. Your company might benefit from a variety of factors.
Lower power costs
When you’re powering fewer devices, you’re using less electricity. While these data centre power cost savings mightn’t be evident after just 30 days in the cloud, businesses (especially larger ones) may see significant power and energy savings after a more considerable period, like six or 12 months.
Less investment in computer hardware
Businesses running their own servers need to invest not only in capital costs, but also in ongoing maintenance and deployment costs (see below).
But through cloud computing, a business can reduce its spend on costly infrastructure, and eliminate the worry of back-up, additional, or future equipment (in preparation for business growth).
On the other hand, cloud computing maintains its own servers, practically eliminating that significant cost.
The same goes for software. In the cloud, you only pay per user, and you can scale this up or down whenever you need to.
Reduced maintenance costs
Because your business is storing its data and files in the cloud’s own servers, the move to cloud computing can practically eliminate any ongoing costs associated with server maintenance.
Further, your organisation needn’t concern itself with updates or the most current equipment – that’s your cloud computing provider’s job!
This is an old favourite. The ability to scale supplies up or down – just as you need them – results in less wasted spend.
Traditionally, you might have found your company investing a “little more cash” for “that little bit extra”, you know, “just in case”. But that little extra can add up significantly over 12, 18 or 24 months!
Now, in the could, you can scale usage to the maximum you need at that point in time, and scale up, instantly, only when you need to!
This helps reduce investment or upfront spend.
Cloud computing also enables both subscription payments and pay-as-you-go. That means extra flexibility when it comes to financing your cloud solution.
The pay-as-you-go model (also referred to cloud “on demand”) means there are no wasted resources.
Lower people costs
A smaller learning curve in the cloud means you’re not investing in more workers or more hours in order to build a team who can effectively manage and use the cloud.
A concern of some is that with the new cloud technology, IT workers might become redundant in their roles, which would result in a staff offset.
Don’t let that worry you: some business have reported a significantly beneficial shift for some of their core IT workers, and they have moved into slightly different parts of an organisation.
Many organisations that have moved to cloud computing have found valuable ways to redistribute their valued IT team members into slightly varied positions within different company divisions.
This means you can still keep your team, but they can possibly be moved to another department (that makes the company more money?) where they can focus on other developments or strategic initiatives, all while using their existing skills.
A friendly reminder…
Remember (and we must be transparent here), not all businesses will benefit from moving all their data to the cloud. Some might benefit from moving only specific portions of their business data, while others may see more promise by moving more.
It is, as we’ve said before, specific to each and every business structure.
While that mightn’t sound perfect, truth be told is that it’s spot-on for almost any investment ever!
So of course the benefits are there, but their fruition lies in the course your business takes to soar in the cloud. (You know what that means – we have only spoken about it about a thousand times: your cloud computing strategy).
Bonus: cloud computing = business flexibility
The following phrase, which we shared on our Facebook page a few months ago, rings incredibly true.
Take a moment to reflect on all the communication devices and technologies businesses all over the world use every day to connect. It’s really quite remarkable!
Now, we don’t need to be in the one spot (at work) to read emails, create spreadsheets, edit word documents, create video, and join conferences (do work).
If you have an employee travelling in the US, or a freelancer living interstate, if they have their own laptop and an internet connection, they can work in the cloud!
The cloud is one significant piece of a giant communication web that connects the globe instantly. This flexibility removes the stigma of working in an office (on the same computer or laptop) and transforms it to an “anywhere-anytime” mode. And we love it!
If those financial benefits of cloud computing have got you thinking, then we encourage you to reach out to us. Fill in this contact form and we will be in touch, or you can call us right now: 1300 66 44 22.