How Cloud Computing Can be a Cost-effective Solution for Businesses
By: Asia Business Outlook Team
Cloud computing has transformed the way businesses operate in the digital age. As companies increasingly rely on technology to streamline their operations, the cost of maintaining traditional IT infrastructure can be a significant financial burden. However, cloud computing has emerged as a cost-effective solution that offers several advantages over traditional IT infrastructure.
The cloud provides businesses with access to a range of computing resources, including storage, processing power, and applications, without the need for physical hardware. This allows businesses to scale their operations up or down as needed, reducing the need for expensive hardware upgrades or investments in new equipment. Cloud computing also eliminates the need for on-site maintenance and support, as all software and hardware is managed by the cloud provider. This can lead to significant cost savings for businesses, as they no longer need to hire dedicated IT staff or invest in expensive software licenses.
Commenting on the same, Founder & CEO, Manish Godha, Advaiya Solutions said, “Cloud computing has brought the advantages of enterprise solutions to all sizes of businesses. SMBs can now access cutting-edge technology for solving their challenges. Cloud based solutions have addressed the need for managing remote workforces, which has become essential today for any business. Organizations moving to cloud infrastructure become more agile in the sense that they can scale up or scale down as and when needed with the pay-what-you-use model. While cloud computing can be cost effective, the bigger benefit here is the enablement to adopt enterprise technologies and global best practices rapidly.”
Addressing the same, Ashish Mehra, Country Head-Sales at EnterpriseDB said, “To achieve economic growth targets, India needs to fast-track its cloud maturity and cloud-enabled technologies journey. The realization has been a key driver behind the mass migration away from commercial databases to modern open source alternatives such as Postgres. Postgres is a true open source database, governed by an independent and robust global community.”
To stay cost-effective in the cloud, IT and business leaders should also align pricing models with workloads and understand different consumption models. For instance, cloud computing services can be consumed in a pay-as-you-go(PAYG) model, so businesses only pay for the storage and tools they use, reducing unnecessary capital expenditure. Organizations can select from various cloud storage tiers based on their use cases, such as frequency of usage, file type, and hot, warm, and cold storage options. These numerous options, when combined, result in lower costs and a higher return on investment”, he added.
Adding to the same, Mr. Vipin Vindal, CEO, Quarks Technosoft said, “Cloud computing can be a cost-effective solution for Indian businesses as it eliminates the need to purchase and maintain expensive hardware and software. It also reduces costs associated with energy consumption and system maintenance. By moving to the cloud, businesses can benefit from economies of scale and pay only for the number of computing resources they use. Here are some ways how cloud computing can help businesses foster
Cloud storage: this can help in the smooth and seamless sharing of documents within a business, allowing easy access from any internet-enabled location or device.
Cloud Backup Services: This can help in case of a server crash, helping with restoration, archiving & data synchronization.
Cloud hosting: This facilitates multiple types of information sharing along with other features. It can manage your databases, business websites, etc along with other offerings.
Software as a Service (SaaS): These application delivery solutions help businesses in various operational areas. Additionally, it offers greater flexibility which allows businesses to scale their IT resources up or down depending on their changing needs. Allowing businesses to access the latest technologies without having to invest in them upfront or make regular upgrades. Ultimately, it can help businesses save time and money by automating tasks and processes.”
Overall, cloud computing is a game-changing technology that can significantly reduce costs for businesses while improving their operational efficiency and flexibility. As more and more companies look to adopt cloud computing, it is likely to become an essential tool for businesses of all sizes in the years to come.