Did you know 8 out of 10 entrepreneurs who start businesses fail within the first 18 months? This shocking revelation comes from Bloomberg, writes Eric T. Wagner in his column in Forbes.
The media agency cites several reasons for this start-and-tumble phenomenon, including:
- The inability of the business to engage with customers
- Lack of differentiation in the market
- Failure to build a profitable business model with proven revenue streams
Not just startups, even established businesses who fail to deliver on the expectations of customers go the Dodo way. Keeping this scenario in view, we see cloud technology as a great boon, if not the panacea for all ills.
Discover top 5 reasons how your business can leverage this technology, which is often called “the dominant, disruptive force of the 21st century”.
Cloud offers seamless collaboration inside and outside
With cloud-based software-as-a-service applications, your people can stay on the same page about business planning and execution. They are no more confined to their workstation. Their applications and data remain with them wherever they are – at home, office or on-the-move. Using cloud-based productivity and connectivity apps like Hangouts, Skype, HipChat, Slack, or any other proprietary ones, they can stay connected and productive.
Cloud drives innovation
Everyone loves innovation, but it comes at a price. Fortunately, cloud adoption makes that price affordable for businesses today. The seamless integration of legacy and contemporary repositories of data and processes with cloud help you collect a massive amount of useful data, which can be used to forge new business models based on demand and transform customer experiences.
Cloud offers scalability
Some degree of uncertainty is always associated with business, no matter how well you plan. With the cloud, you can scale up or down your IT infrastructure and capability without breaking your bank. You are no longer required to procure additional servers, storage, and licenses. You can exercise full control of the resources – get what you want and stop what you don’t within minutes you can respond to any unexpected demand.
Cloud builds resilience
No need for a backup or a team to take care of. The cloud secures all your business proprietary information and customer’s data. Moreover, the data is always available for you. Hence, you are always ready to cope with any disaster causing data loss or theft. It’s not just you, but federal organizations like the Department of Homeland Security (DHS) and other federal agencies, that deal with sensitive information, are rapidly migrating many critical applications to the cloud.
Cloud offers more choices
Cloud-enabled business solutions are available in 3 key delivery models Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS). Depending upon your business needs, you can adopt the right model or a combination of these. Opt for the desired processing power, storage, middleware or applications you need without actually investing in the hardware, software, technology update, maintenance, security and other expenses.
Are you mulling over transforming your business model or attaining business goals? Let AKVARR help you find the right solution. We provide comprehensive cloud consulting, implementation, deployment and support to help you make the most of the cloud.