How Global Businesses are reaping benefits through Cloud Computing

cloud computing

Are you searching for ways to improve efficiency in your organization and adjust to a fast-moving economy? Cloud computing could just be an answer for you.

In the past couple of years, organizations have gradually switched to cloud computing to boost flexibility, productivity and creativity. The emergence of COVID-19 pandemic has converted the cloud’s embrace into a mandate: being a “cloud-first” is now recognized as the path to success in an age of socially distant jobs, internet trading and a more demanding market climate in general.

Indeed, businesses are getting benefits for their cloud computing services, but they are still facing pitfalls.

We find that most users have not completely accomplished their anticipated outcomes, while the trust of the leaders in migrating is relatively poor. Results can act as the final call to corporate leaders: as you explore the cloud, be mindful of the obstacles that can weaken value.

According to Idexcel, 24/7 availability, carbon footprints, all over-functioning and other advantages are the reasons to add cloud computing in the organization. 

Cloud outcomes

A great amount of research has been done on cloud computing in order to find out its effectiveness. The below-mentioned stats indicate its effectiveness in the organization. 

  • It was found that 37% of the companies had completely achieved their planned cloud production, a small 2% improvement since our original research study in 2018. 
  • 45% of companies are highly pleased with the performance of the cloud. 
  • 29% of the population companies are fully assured that their company’s cloud deployment projects will produce the desired benefit at the expected time.

Setting up cloud computing service

First of all, the positive news: cloud-based and large-scale consumers are finding real gains, namely: increased cost-effectiveness, better performance standards and greater business speed. Cloud migration has helped them to reimagine their business models and create sustainability in their businesses. 

Although not all the adoption stories are the same, it was discovered that a clear trend in which businesses are making more gains than others. Companies reporting the most significant performance tended to be high-level adopters. Although almost half (46%) of high-level adopters reported entirely achieving their planned cloud outcomes compared to 36% of mild and 28% of low-level adopters, marginally more than half (54%) did not. 

High-level enthusiasts appeared to be ahead of the curve in partnering with collaborators to reach their cloud outcomes. It was found that 29% of high-level enthusiasts use cloud-based software “to a large degree”, almost three times more than moderate enthusiasts and ten times more than low-level enthusiasts.

Issues in cloud implementation

There are a number of barriers to the implementation of cloud migration. The most frequently identified barriers to cloud implementation is the “security and compliance risk,” “legacy infrastructure and application sprawl,” and “misalignment between IT and the business.” This result indicates that all obstacles warrant careful attention when businesses launch their cloud journeys.

Much as the popularity of cloud migration differed with the pace of organization’s acceptance, so did the obstacles. While all adopters (low, moderate and high) defined security as a major obstacle, they varied as to whether their top 3 issues included data sovereignty, legacy infrastructure/application spread, lack of expertise,  imbalance between IT & business, the difficulty of the market and more.

Square BPM is one of the best service providers in the world. If you want to take your business to new heights, then you must introduce cloud computing in your business operations. SBPM has years of expertise that ensure high-quality service.