A recent survey shows that 82% of businesses saved money after cloud migration.
But that's not the only benefit from moving to the cloud. If you aren't sure, read on for 8 reasons why a move to the cloud is worth it.
1. Be Competitive
The majority of companies are moving software to the cloud. More and more customers will expect to be offered software through the cloud.
The projected annual growth on the cloud is at 44% compared to just under 9% for on-site computing.
Cloud migration will enable you to be competitive. In turn, you will see increased customer satisfaction, and as a result, profits.
2. Moving to the Cloud Equals Flexible Payments
The majority of cloud applications and programs and applications use a subscription-type plan. This means that you can scale up or down according to your budget and your specific needs.
Another plus is that cloud migrations don't require a large lump sum at the start.
It also eliminates the need for major upfront capital expenditures.
3. It Makes Financial Sense
Migrating to the cloud can eliminate (or greatly reduce) your company's need to buy equipment, construct new facilities and run data centers.
One of the best reasons for moving to the cloud is the savings in computing costs such as hardware, utilities, costs associated with physical buildings and so on.
Cloud services allow you to pay for the resource use you require while taking advantage of scale and reliability, two things that most companies can't afford internally.
Plus you won't need to update software internally because it is done automatically.
By lowering the number of on-site servers, on-site staff, and on-site software, you can allocate those funds to another area in your budget.
For another example of how the cloud has saved states tons of money, see IBM's 2015 article United States of Cloud saves states millions of dollars.
4. The Perks of Remote Access
This brings us to our next point, remote access from virtually anywhere. All you need is internet access and your employees can do their job. Even via mobile apps, tablets, and laptops when you are on the go.
This means quicker response times in crises (which makes your customers happy). Remove access means you can give your staff the perks of flex work.
Don't be worried about productivity taking a nose dive either. Studies show that working from home has many benefits for employees and is a very desirable option for many employees.
In fact, 42% of staff in one survey said they'd even be fine with a reduced salary to have the option to work from home.
You can save on office space. You could offer flex time in the office that is staggered between employees so that someone from each department is always on site. That greatly reduces the number of desks and space you need to run your operations.
You can also hire the talent your business needs from anywhere in the world! No need to cover relocation and moving expenses.
We live in an era where employees want a happy work-life balance. Offering remote access makes sense for companies who want to keep employees happy, loyal and productive.
Think of all the money you will save on office supplies!
5. Moving to the Cloud Promotes Collaboration
Moving to the cloud lets people collaborate easily and in a much more efficient manner. Your employees can make updates in real time, see project statuses and who is working on what.
Synchronized collaboration improves the workflow. As a result, productivity and customer service go up.
6. Recover Your Files Easily
Storing your documents and having a cloud-based server protects your assets from being lost or damaged. Moving to the cloud protects your important data against natural disasters, system failures, power loss and physical theft.
Data recovery from a hard drive more expensive and not always possible. By migrating to the cloud, you are safeguarding your data.
Supporting disaster recovery efforts is one of the best benefits for businesses in moving to the cloud.
One survey found that the 329 organizations polled had collectively lost more than 86,000 laptops worth a staggering 2.1 billion dollars.
Of course, the larger loss is the data on the laptop that is likely sensitive.
Cloud migration gives you greater security against loss. When all your data is stored in the cloud, you can access it no matter what happens to your laptop or tablet.
In the event of a lost or stolen machine, you can erase the data remotely to protect confidential information.
Read 7 cybercrime prevention tips for modern businesses.
8. Environmentally Friendly
So far we have discussed all the ways moving to the cloud will benefit your organization. However, there are extrinsic reasons for making the switch too!
On the cloud, you only use the energy you need. Your server capacity fluctuates up or down to fit your needs.
This means your carbon footprint is the right size for your business. Choosing sustainable solutions with reasonable environmental impact is just good business practice in today's day and age.
Your commitment to green practices also boost employee morale and set you up to receive awards such as the Sustainable Business Award.
Final Thoughts on Moving to the Cloud
We hope these 8 reasons have been helpful in nudging you in the direction of moving to the cloud. This change will make you innovative, reliable, beneficial to employees and customers and save you money.
Now you won't be thinking why but instead why not?
Next, read why your business needs to start using Sharepoint online.