Cloud computing is now a basic business tool that has gained a lot of importance in most organisations.
With the rise in technology, ranging from Big Data, IoT, advanced analytics, Machine Learning, Artificial Intelligence, and of course the Cloud are all enablers of digital transformation rapidly forcing organisations to drop traditional business models and find ways to be innovative in order to satisfy their customer’s needs and remain competitive in this digital era. Organisations that embrace innovation are the ones experiencing transformation and growth while the ones who stick to their traditional business models are experiencing little to no growth.
Innovation brings digital transformation into work to help organisations stay ahead of the competition. Most companies use cloud computing to help them with their digital transformation because it gives them the fastest access to its functionalities along with flexible data storage and on a pay-for-use basis. With the cloud, you can work from any location on any device to get access to your applications and files.
Digital transformation is about integrating digital technologies into all areas of a business which results in how a business operates and how value is been delivered to their customers. In simple terms, it’s about having a vision of how you bring people, data and processes together. The customers and customer experience, stakeholders, processes, purpose and end goals of the business are all key to a successful digital transformation. The digital transformation leader/strategist has to apply the systems thinking approach to the project in order to connect the dots and reach the different goals of the organisation as they are all interconnected.
WHY BUSINESSES EMBRACE CLOUD COMPUTING TO FUEL DIGITAL TRANSFORMATION
Digital transformation is about finding newer and innovative business models that will enable businesses to stay relevant and thrive in the digital world. A company needs to leverage technologies like machine learning, big data analytics, internet of things (IoT), chatbots etc and the cloud is the spark that fuels these innovations. Cloud computing is the one that can provide the services needed for the storage, IT infrastructure, and heavy computing needed for all these technologies.
Here is how the cloud enables digital transformation:
Cloud computing provides an organisation with the required infrastructure, computing resources and platforms on the go offering them flexible ways to accommodate unpredictable demand and planned growth. Businesses can scale up or down at any time with cloud services, giving them flexibility, and agility which gives them advantages over their competitors.
Cloud computing cuts out the capital expenditure of buying, managing and maintaining your own hardware or software. Companies only pay for what they use and can scale their resources based on their business requirements.
3. Improved Data Security
Storing the database in-house increases the risk of cyber-attacks, data breaches, losing critical information, system shutdown and much more. With cloud computing, there is a reduced risk of system failure especially when dealing with big data and companies can creating a number of backups for their data.
4. Faster Prototyping
For digital transformation to be successful, an organisation needs to continually innovate, test, implement and repeat. The cloud helps with this, without the company setting up complex infrastructure. During the experimentation phase, the company can test and deploy different applications that will drive business results.
5. Collaboration Efficiency
The cloud environment has proven to improve collaboration amongst groups, teams who have access to the same files. It eliminates the communication limitations of sending emails back and forth hence streamlining processes and getting more work done in less time.
A company can also control the level of authority of its users by sharing files with only those who need to have access to it. Overall it helps create a teamwork and collaboration environment.
Cloud keeps Innovation going and it is the Future
Digital transformation is a means of survival for businesses and cloud is the catalyst for this transformation. Businesses are in a transition state and they have to embrace new technologies to meet up with the ever-changing digital needs of their customers.
With the right vision, strategy, methodology, and platform, a modern cloud can spark end-to-end digital transformation – Build with Google Cloud.
Cloud computing leverages scalability, and reliability that encourages easier collaboration and reduces investment costs for organisations.
I will like to know what your view is on the future of Cloud Computing. Kindly drop a comment below, thanks.