How does Cloud adoption increase efficiency?
A recent report from UK’s Public First, an economic consultancy firm, shows that cloud computing has become essential to UK’s rapidly-growing businesses.
Cloud computing services offer flexible and more cost-effective solutions for small-, medium and large-sized businesses, increasing their productivity. In addition, cloud computing makes it easier to share data, supports greater employee collaboration, and builds effective online tools that increase efficiency.
The study found that adopting the cloud can increase revenue by at least 5%, while 58% of companies that utilise the cloud agreed that their business models would be impossible without the cloud.
Successful Businesses Hail Cloud Adoption
Many successful businesses have hailed cloud adoption as a key enabler of enhanced productivity and efficiency.
Cloud-based applications and software tools permit consumers to access the most powerful computing solutions that would take a small fortune to implement and manage on-premise.
In addition, these productivity tools provide remote access to scalable storage and computing solutions that drive customer, business, and market growth. As a result, the demand for cloud-based productivity tools is becoming more prominent since organisations can access a large pool of resources, including graphics software, database management systems, spreadsheets, and word processors, that are critical in running efficient business activities.
Furthermore, the cloud infrastructure keeps businesses online and ensures the availability of crucial functions with minimal disruptions, even in the face of global calamities such as the COVID-19 pandemic.
Unsurprisingly, the importance of cloud services has seen experts predict that the cloud-based productivity solutions marker will increase by a CAGR of 25% by 2026.
By leveraging the computing power of cloud services, companies can boost productivity and operational efficiency to provide unique services while scaling to meet the needs of their customers.
Cloud Adoption Increases Employee Productivity
Cloud-based applications, software, and management tools enable enterprises to store, process, and share valuable data.
These capabilities make it easier for teams to plan new projects, monitor their progress, collaborate seamlessly, and complete them on time.
In addition, the availability of a network of computing tools within cloud-based productivity environments means that companies can access the same solutions as those used by Fortne100 organisations to increase innovation and boost productivity.
Due to this, 59% of SMBs that adopt cloud technologies report significant productivity advantages compared to only 30% of businesses that rely on on-premise infrastructure.
Additionally, the cloud’s on-demand and broad network access attributes significantly enhance employee productivity. On-demand access ensures the continuous availability of cloud resources to meet growing customer or computing needs. In contrast, broad network access means that consumers can access these resources from any location, device, and at any time.
Accessing resources, such as data and applications, from anywhere enables employees to work remotely or from the office, ensuring they are always productive. 42% of employees are more productive if they have quick and easy access to work accounts, applications, and data, and adopting the cloud can provide instant access to these resources.
Cloud adoption also enables remote and hybrid-working strategies. The former allows employees to work from a location of their choice, while the latter bridges home- and office-based approaches.
A global survey by Price Waterhouse Coopers that involved HR leaders and business executives across twenty-eight industries from twenty-six countries revealed that 57% of organisations achieve better performance due to a more productive remote/hybrid workforce.
By adopting cloud services, companies provide employees with more freedom to work when and from where they are most productive. In addition, the cloud removes barriers that stifle collaboration and access to vital resources, provides access to scalable and flexible services, and encourages innovation, leading to increased productivity.
Cloud Adoption Increases Efficiency
The cloud can be a transformative tool for all businesses.
At least 50% of UK IT leaders claimed in a recent survey that their organisations prefer a cloud-first strategy to increase operational efficiency. This is because cloud adoption helps deliver effective and efficient services to meet customer and user needs. For example, a hybrid cloud with smart caching can optimise the on-premise storage by leveraging business-driven policies to identify files to cache and removing those not to cache.
The process removes no longer useful files based on changing needs and priorities to create space for more critical files. “This not only reduces the number of times files need to be retrieved from the cloud, while the use of advanced data caching algorithms helps maximise the speed and efficiency of content delivery, while also improving the user experience,” notes Andrew Martin, Senior Sales Director EMEA & Managing Director UK at Egnyte.
Other ways that cloud adoption increases efficiency are:
1. Reducing Operational Costs
Operational cost is a rife problem that many business owners seek to address. Some contributors to spiralling operational costs are compliance and performance challenges from using the on-site, non-scalable infrastructure. Fortunately, cloud adoption can lower operational costs significantly while providing consumers access to cutting-edge solutions to drive business growth and innovation. By migrating to the cloud, a business can save at least 15% instantly, reduce redundancy, and maximise data processing and analytics efficiency to inform future market or production plans.
2. Enabling Remote/Hybrid Work
Remote working became immensely popular during the COVID-19 pandemic as many organisations shut down their office-based operations to comply with social distancing and quarantine requirements. However, the practice has only increased, with 38% of adults in the UK preferring to work remotely. Remote working is advantageous since it reduces operational costs and increases productivity. Cloud adoption provides remote and hybrid workers with the flexibility required to work efficiently. Employees can coordinate and collaborate more easily since cloud resources are accessible regardless of the time or location.
3. Lightning Speed Data Processing
In the current digital era, companies must quickly identify new markets, respond to customers, and analyse data quickly to maintain a strong competitive advantage. Organisations that rely on on-premise infrastructure may lack the required data processing software to analyse large chunks of data. Besides being time-consuming, on-premise infrastructure provides constrained resources that can’t be accessed from anywhere or scale to meet changing business needs. On the other hand, cloud adoption helps process big data 750% faster than on-premise resources. The huge computing power and fast speed enable continuous innovation and lesser time-to-market for services and products. This efficiency places organisations on a steady growth trajectory.
Increasing productivity with Cloud Geeni
Cloud adoption is a guaranteed way of increasing employee productivity and enhancing operational efficiency.
A proven cloud managed service provider like Cloud Geeni can help organisations in their cloud transformation journey.
For example Cloud Geeni experts can assist law firms in adopting cloud technologies to improve security, facilitate hybrid working, and increase billable hours.
If your business is looking to start a cloud adoption journey that will see your business increase productivity across the board, schedule a call with a Cloud Consultant today.