Small and medium-sized businesses are always competing with the technology of their corporate counterparts. Large corporations are always seeking ways to accelerate speed-to-market and reduce costs. In the world of cloud services, cloud migration may be the biggest common enabler of SMBs and enterprises alike.
This may be why national spending on cloud services increased by almost eight times from 2010 to 2020. Moving into 2021 more than 70% of organizations already using cloud services intend to increase spending.
Much of this is due to COVID-19 and the success of cloud services during 2020, but this was an acceleration of a trend that was already occurring.
What about cloud migration benefits in 2021? We've got the 10 best benefits of moving to the cloud in 2021.
1. Scalable Hardware: Only Pay for What You Use
You don't own as much hardware after cloud migration. This isn't such a bad thing, though. You no longer have to do the balancing act of having enough hardware to manage through the heaviest workloads only to have it run idle the rest of the time.
Idle servers and hardware in 2015 cost the US economy over $30 billion in hardware inefficiencies and wasted energy. Due to cloud computing, those costs are being mitigated by using data centers and servers more efficiently.
2. Lower Your Data Security Risks
One of the best cloud migration benefits has to be your reduced security footprint. Not all risks are removed after you've migrated to the cloud, but most of those risks are outsourced in some form. You no longer are holding data on-site, but it's in a secure location.
This has the added benefit of keeping your organization up to date on physical security requirements surrounding your data. Some of that data includes customer information.
Having the cloud store your data could release regulatory pressure on your organization for proper storage.
3. Less Time and Expense on Maintenance
Reducing servers and security reduces costs on assets and pressure on your technical team. Less hardware means less upkeep, plain and simple.
Your team can now focus more on database management, security profiles, and other necessary organizational workflows. Rather than spending time switching out or updating security features, updates are maintained by your vendor.
Reducing complexity and increasing flexibility is always a good move to spend less time, energy, and cost on maintenance.
4. Reduce Capital Costs
Reducing capital costs is a huge benefit, but what it ultimately means is being able to reinvest in your company. Deloitte's technology report shows that SMBs grow an average of 26% faster.
83% of start-ups in the study think that cloud technologies will give access to tools and technologies that otherwise are out of the reach of their capital. They aren't wrong.
5. Drop your Staffing Costs
Another way your capital will go further is by reducing your IT team. Now that you're dealing with less hardware, you need fewer staff. Network engineers cost your company an average of $83,510 or $40.15 per hour.
One person can certainly find themselves overwhelmed in even a small business. If you're handling your services on-premise, don't be surprised if you need to hire more IT staff to keep up.
6. Improve Your Operational Efficiency
With less staff, you might believe that your operations will suffer. In reality, efficiency increases on the operational side with fewer hands in the work. Cloud services allow you to have fewer in-house IT controlling technological progress for your business.
A clear vision without too many competing voices allows you to develop and release your applications and solutions efficiently and at greater speed.
Let your engineers spend their time innovating for your business instead of focusing on maintenance.
7. Speed Up Development Cycles
Speaking of working at speed, you can accelerate the deployment of your services and applications. Rather than maintaining or building new on-premise IT infrastructures, you can deploy new applications or services without worry.
Since your cloud services scale their hardware and resources based on need, if you need more you get more. No need to research and implement new data centers of your own.
8. Get Your Employees Collaborating
Cloud migration allows your business to enhance accessibility between departments and applications. All departments of your business can have access to the same data at the same time, as long as they're authorized.
The same system that is facilitating your data provision is also helping you handle authorization to that data on the security side. Managing access controls well, rather than making it a free for all, helps everyone work together better.
With cloud services, your business is more inclusive.
9. Ensure Business Continuity During Disasters
Because of the nature of cloud networks, disasters like data center outages or local power outages are reduced. Power outages cost US businesses over $27 billion per year.
That number could even balloon to as high as $5 million per hour for factories. Even smaller businesses like supermarkets could lose as much as $30,000 per outage.
There are various reasons why power outages cost businesses so much. Some of those reasons are:
- Replacing hardware damaged by the outage
- Creating backups and increasing storage hardware
- Downtime of self-hosted applications
- Reduced sales and services during an outage
By no means is this an exhaustive list, though.
With the nature of public cloud and multiple availability zones, you are able to avoid these risks.
10. Integrated, Updated, and Accessible
Instead of worrying about integration with hardware, your cloud service provider handles all of that. The hardware your business will run on will always be up to date and upgraded. You can quickly and easily move a workload to the latest instance type.
Migrating to cloud services opens you up to full access anywhere in the world at any time. Remote access means that you're connected even:
- During recent work from home restrictions
- Working from the office
- Checking on project status during an international trip
- From almost any connected device
Imagine what full access at full speed from anywhere and any time will do for your business.
Cloud Migration: Why Haven't You Migrated Yet?
Are you still on-premise with your business's technology plan? Turbonomic has you covered with AWS, Azure, or any platform you need for your business. If you're not sure what platform is right for you, or how cloud services can help your business specifically, we have the experience to see you through.
See for yourself how our AI-powered ARM (Application Resource Management) can optimize your application compliance, cost, and more. Request a demo today that's personalized for your business.