In today’s world, Cloud technology is a trending buzzword in business environments. It provides exciting new opportunities for businesses to compete on a global scale and is redefining the way we do business. It allows users to store and share data like applications, files, and more to remote locations. These features have been recognized by all businesses, from startup to well-established organizations, and they have already started using cloud computing.

Cloud computing is a rapidly growing technology that organizations are adopting to enable their digital transformation. As per the latest Gartner report, the cloud tech services market is projected to grow 17.3% ($206 billion) in 2019, up from $175.8 billion in 2018 and by 2022, 90% of organizations will be using cloud services.

How Cloud technology helps businesses?

Reduced Cost: One of the most obvious advantages small businesses can get by shifting to the cloud is saving money. It can provide small business with services at affordable and scalable prices. Virtualization expands the value of physical equipment, meaning companies can achieve more with less. Therefore, an organization can see a significant decline in power consumption, rack space, IT requirements, and more. As a result, there is low maintenance, installation, hardware, support and upgrade costs. For small businesses, particularly, those savings are essential.

Enhanced Flexibility: Cloud can access data and related files from any location and from any device at any time with an internet connection. As the working process is changing to flexible and remote working, it is essential to provide work-related data access to employees, even when they are not at a workplace. Cloud computing not only helps employees to work outside of the office premises but also allows employers to manage their business as and when required.

Secured Data: Improved data security is another asset of cloud computing. With traditional data storage systems, the data can be easily stolen or damaged. There can also be more chances for serious cyber attacks like viruses, malware, and hacking. Human errors and power outages can also affect data security. However, if you use cloud computing, you will get the advantages of improved data security. In the cloud, the data is protected in various ways such as anti-virus, encryption methods, and many more.

Effective Collaboration: Effective collaboration is possible through the cloud which helps small businesses to track and oversee workflow and progress for effective results. There are many cloud collaboration tools already available such as Google Drive, Salesforce, Basecamp, Hive, etc. These tools enable users to create, edit, save and share documents for workplace collaboration. A user can also constrain access to these materials.

Greater Integration: Cloud-based business solutions create many simplified integration opportunities with numerous cloud-based providers. They can also get benefits of specialized services that integrate with back-office operations such as HR, accounting, and marketing. This type of integration makes business owners concentrate on the core areas of a business.

Conclusion

As we discussed above, cloud technology is capable of providing better data storage, data security, collaboration, and it also changes the workflow to help small business owners to take better decisions. Finally, cloud connectivity is about convenience, and streamlining workflow for businesses to become more flexible, efficient, productive, and successful. For businesses wanting to set their business up for success, this might be the time to transition to cloud-based services.

VComply is one such leading GRC SaaS on the cloud, equipped with multiple integrations. VComply’s infrastructure is built on virtual technologies and clustering VPC services. Its cloud facilitates easy, convenient and quick deployment as well as accessibility from anytime, anywhere.

Multizonal availability of the GRC Cloud facilitates easy and quick access to data from multiple locations globally, at any time. It functions to reduce latency and increases the speed of processing data. The load balancers further enable swift data handling.

It’s good to have your head in the clouds now!

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