One of the major constraints of an entrepreneur in pursuing an idea is investing time and money. You wouldn’t always have the ideal conditions to test an idea and its viability. But an on-demand cloud resource allows you to design and test a product line within minutes, taking care of the ‘time element’ considerably. Since most vendors charge for the amount of time spent on the cloud, there are obvious monetary benefits too. This way you minimize the risk and test the viability of the idea.
Facilitates Smooth Data Transitions
In case of mergers and acquisitions, one of the greatest sticking points is that transition takes a lot of time. “Taking data and records from one system to another can even take years” – quipped Samuel, the managing editor of Kayak Manual. Moreover when the acquisition or merger is with a company which manually codes information, the waiting period ends up being unnecessarily long. But when you have the entire system on the cloud, the transition is smooth, fast and without any hassles.
Collective Learning Experience
Adopting a new system or technology is not easy for any business. It means investing a lot of time. Thankfully, cloud systems are different. Cloud systems promote collective learning experiences and the community grows simply by sharing information – both from the customers and vendors. Thus new users are readily exposed to processes, formulas and interfaces that have been well-tested. Many might argue that shared experiences lead to homogeneity, risking a business from offering something ‘different’. But a cloud system that has been built on shared knowledge will always be the foundation upon which newer ideas and processes can be built.
Cloud Systems Free IT Executives
Ideally we should allow IT executives to invest their time of guiding and building the IT infrastructure and not on petty maintenance issues. But sadly, we don’t do it as often as we should. Statistics have regularly shown that executives have to worry about maintenance more often than they can take any leadership role. Moreover about 80% of IT budgets have to take care of routine maintenance. Luckily, the cloud frees the IT executives of all these hassles, allowing them to concentrate on planning strategies.
Offers More Services
Whether you build a private cloud using tools such a VMware/ OpenStack or use a third-part service, you can easily establish online services to be delivered to internal and external users. You can pack a bundle of offerings from the cloud system to customers far more easily.