Businesses on a global scale have finally come to their senses and reprioritized the most essential route to business optimization - find new and innovative ways to cut costs without sacrificing innovation. While there are many proven tactics to reduce spend, none offer the immediate functional benefit and or potential upgrades to your business than moving to the cloud. We've reviewed dozens of customer success stories and online articles on the different ways moving to the cloud saves businesses money. Here are the top four:
#1: Lower Your TCO
One of the most significant and consistent benefits of “moving to the cloud” comes in the phrase itself. In moving, you will be eliminating spend on expensive infrastructure and all the costs associated with the maintenance, repair and updating of all that hardware. What is equally important to realize is that your IT staff – formally in charge of infrastructure support and maintenance – is now free to focus on other areas of the business and introduce new optimization. Finally, a successful migration to the cloud also means the removal of all the bulky machinery; which will simultaneously lower your energy bill and enable you to bring in billable employees.
#2: Improve Your Data Protection
When you talk about your company's data, any risk at all is too much risk. Recovering from a data-breach at any scale is a costly and time-consuming endeavor. Once news breaks out of your data-breach, you are also at risk of losing customers when they hear about that data-breach. Trusted hosts like Google Cloud guarantee that all data is encrypted with no action required by your support staff. In addition, Google Cloud can help you with your regulatory needs, whether it be HIPAA, FedRAMP, SOC1/SOC2/SOC3, or maintaining compliance with GDPR. Knowing that a HIPPA compliance violation can cost up to $50,000 and a fine for GDPR non-compliance can run in the millions, having those security measures in place makes all the sense in the world.
#3: Control Your Spend With Pay-As-You-Go
An effective way to save money is to eliminate instances of “surprise spending”. By taking advantage of the subscription-based model and auto-scaling features that most cloud hosts offer, you can leverage a pay-as-you-go system by user and extra storage (sustained use and committed use discounts can help you save even more). Leveraging a pay-as-you-go model means that you will have greater control of your spend and can plan your budget more effectively. In contrast, the on-premise structure requires extra storage and brings with it fees that include purchasing new equipment, shipping, installation, testing and continued maintenance. All of these expenses occurring before the storage space can even be leveraged. It is best to put all those headaches behind you and run your business in the cloud.
#4: Maintain Your Operations
It is an oversimplification to say that the events of 2020 impacted the way that businesses operate and will work in the future. Working remote has become the norm and businesses that aren't leveraging the functionality that cloud computing provides are finding themselves at a grave disadvantage. On the contrary, companies that have migrated to the cloud offer their employees working remote a seamless experience in terms of collaboration, accessing secure documents and remaining productive. Being able to pivot when challenging events arise without having any major effect on your business processes as a benefit of a successful cloud migration that cannot go overlooked.
The cost savings related to making the move to the cloud a legitimate option for your business. To further discuss all your cloud hosting and migration options, schedule a meeting with our Cloud Hosting Team below.