Why Should Businesses Embrace Cloud Computing?
Cloud Computing refers to accessing the service of software hosted in remote servers via the internet. The term cloud here is defined as the massive data centres that comprises thousands of servers, where the cloud-based software are hosted, as well as the globally-accessible service it enables.
An additional benefit of this is enabling you to access the same applications and data through mobile phones, thus freeing you from having to be based at one particular location (office, counter etc) every time you wish to do your work or serve your clients. Instead, you may access your data and process your work anytime, anywhere. Therefore, it is a model favoured by entrepreneurs on the move.
The 6 Key Benefits of Cloud Computing
Since Cloud Computing comes with various advantages, we should examine the benefits one by one to find out how it is going to enhance your business performance, and prepare your business for the future challenges.
With traditional on-premise software, businesses must anticipate their computing needs and invest in computing resources (hardware, storage, bandwidth) accordingly. This can lead to wastage of resources if they overestimated their needs, or lead to system overload if they underestimated them.
With Cloud Computing, businesses can easily scale their resources up or down to meet changing demands. This means they can quickly respond to growth or spikes in demand without having to invest in new hardware, and they can avoid the costs of maintaining excess infrastructure during slower periods.
2. Cost Savings
In addition to the cost savings associated with not having to purchase and maintain hardware, cloud computing can also help businesses save money in other aspects.
For example, cloud providers typically offer subscription-based pricing models that allow businesses to pay only for what they use. This can help them avoid the high upfront costs associated with on-premises software and hardware.
Additionally, cloud providers are responsible for the maintenance and upkeep of their infrastructure, so businesses don’t need to worry about hiring staff to manage their own IT systems.
Cloud-based software can be accessed from anywhere with an internet connection, which can be particularly beneficial for businesses with remote workers or multiple locations (office, branches, factories, construction sites etc).
This means that employees can access their work from home, while travelling, or from different parts of the world, which can improve productivity and collaboration.
Since remote working employees are scattered all over the place, verifying the exact duration each person has spent at work might be a challenge. With the Time Attendance module of HRX, which is capable of capturing the clock-in and clock-off times of an employee via QR code scanning, the management can ensure that the productivity remains high.
4. Cyber Security
Cloud providers often have more advanced cyber security measures and protocols in place than individual businesses can afford.
They typically invest in state-of-the-art security technology, have experienced staff who specialise in security, and follow strict cyber security compliance standards.
This can help protect businesses from data breaches, cyberattacks, and other security threats.
Cloud-based software can make collaboration easier and more efficient.
With everyone using the same software, employees can easily share files, communicate, and work on projects together, regardless of their location or even time zone.
This can lead to better teamwork and higher productivity.
6. Automatic Updates
Cloud software providers often automatically update their software, which can help ensure that businesses are always using the latest version with the most up-to-date features and security measures.
As such, businesses don’t need to worry about manually updating their software, which can be time-consuming and costly.
Overall, cloud computing can provide businesses with a more flexible, cost-effective, and secure way to manage their software needs in everyday operations. It can also help them stay competitive by providing access to the latest technology and features, and by enabling them to respond quickly to changing market conditions.
Elevate your business through Cloudification
Since adopting cloud-based solutions offer businesses so many unrivalled benefits, it is obviously the preferred choice for businesses that wish to digitalise their operations. In fact, many of the digital business solutions today are cloud-based, for example PropertyX, ContractX, HotelX and HRX software developed by IFCA.
These software function as the digital collaborative platform for all stakeholders to share information and deliver their input for further processing by other parties.
PropertyX streamlines the property sales for Developers, Real Estate Agents, Prospects, Bankers and Lawyers. This expedites the sales cycle and accomplishes the transaction in a quicker manner, to the benefit of all parties.
ContractX facilitates Contractors’ business by allowing them to generate bids more speedily, enabling Contractors to bid for more projects, while ensuring the cash flow of ongoing projects. Similarly, it also alerts Contractors about overpriced quotations and procurements, in order to preserve profitability.
HotelX helps Hoteliers to manage hotel operations digitally, from reservation to maintenance and customer service. By allowing guests to conduct pre-check-in via the Guest App using mobile phones, the queue at the front desk is eliminated, making it possible for the management to reassign its manpower for more satisfactory service.
On the other hand, HRX automates the generation of payroll, and accelerates leave applications and claim requests by cascading them to the right supervisor for consideration instantly.
Its Talent Management module also helps enterprises to secure better talents and increase retention rates.
All in all, these cloud-based solutions automate manual operations, facilitate seamless communication, reduce human errors and expedite lengthy processes.
Besides, the solutions also provide valuable Real-Time Business Insights for entrepreneurs and the management to make informed decisions to improve the business, which results in better business sustainability and resilience..
To get first hand experience in learning how your business may benefit from cloud computing, contact us to secure your Discovery Call today.