There are numerous reasons why organizations are considering moving to the cloud, including rapid deployment options, improved flexibility, lower costs, and various other factors that may not be as obvious. You want to improve your business agility, but need to do so in a way that ensures value and is cost-effective as well.
Following are the top 10 reasons companies move to the cloud:
- The Ability to Predict Costs and Decrease Total Cost of Ownership: Most of your organizational decisions are fueled by your bottom line. At the end of the day, you want to save as much money as possible.
- Automatic Updates: Applications are updated automatically so you can focus on your core organizational initiatives.
- Reliability: Working with a good vendor will ensure reliability. As with on premise applications, you will have concerns about speed, downtime, and disaster recovery. In the cloud, it is the vendor’s responsibility to address and resolve these potential issues.
- Converting Time to Value: Cloud applications can be up and running in weeks instead of months.
- Adoption: User adoption is extremely important in implementing a Cloud application. In most cases where the application does not deliver the expected results, it’s because of a lack of user adoption, rather than lack of technical features. Making sure your entire staff is on the same page is crucial in the beginning stages of implementation.
- Security: Another key requirement of a Cloud-based application is providing the highest level of security possible, both on physical premises as well as technical security on the access, application, and network levels. Remember, most Cloud vendors can provide a higher level of security than any organization can achieve on its own.
- Compliance: Compliance is critical in business and Cloud applications include some level of updated compliance with each new version of the software.
- Extensibility: Out-of-the-box features and functionality are great, but when you need to be able to configure and customize your apps to your needs, using a Cloud-based application can deliver.
- Scalability: A Cloud-based application addresses operations, capacity, multi-tenancy, and load balancing.
- Integration: In order to get the most value from your data, you need the Cloud-based application to integrate with your enterprise applications as well.
To discuss moving to the Cloud in further detail, contact Third Wave today!