From small business to Fortune 500 companies, several players across various industries have dived into the deep sea of digital transformation.
Artificial intelligence, virtual reality, nanobots, and several other types of technologies have helped millions of businesses stay up and running amidst the pandemic. And among all these technologies, cloud computing has been an unprecedented forerunner.
The pandemic caught many businesses off-guard as not all of them were able to combat the situation with adequate tech tools. For example, a research shows that in 2019, more than 90% of the enterprises adopted cloud computing. Since their journey had just begun, they weren’t very prompt and efficient in fighting the challenges posed by the pandemic.
Pre-pandemic, Gartner predicted that cloud computing and migration market was expected to grow exponentially through 2020—at a growth rate of 24%. A study conducted by post-COVID strike reveals that more than 87% IT decision makers have actively implemented cloud migration strategies in their companies.
To stay ahead of the bulging performance and efficiency curve, companies need a cloud-first strategy. Here’s how this technology has and is expected to play out in the post-pandemic world.
Changing Cost Models
Modern day startups are looking for acumen to deploy flexible budget models, chiefly those in pay-as-you-go service areas. As expected, the OpEx versus CapEx debate has heated up once again.
Companies have adopted cost-cutting business models during the pandemic. Layoffs and infrastructural asset reduction are visible across different industries.
However, smart decision makers have turned to digital tools and advanced technologies to reduce their overall operational business costs.
PwC recently revealed that over 75% of business decision-makers have shifted to OpEx cost modeling from CapEx for at least one more year post-pandemic. This cost model has attracted more people toward cloud systems as they incur lower maintenance costs and mitigate the need of physical data storage and management systems. The OpEx model lets businesses leverage cloud hosting services to enhance grade security and automate key business processes.
Moreover, in the post-pandemic world, companies, both private and government, are likely to upscale their efficiency by adopting cloud computing practices in 2021. This will not only help them stay lucrative and cut costs, but also escalate their infrastructure capacity.
Aptitude-Based Company Structure
Digital transformation, particularly cloud computing, has allowed companies to enter the era of intelligence. This is the key to secure a bright spot in the industry and become a leading player in the future development of global capitals, commerce, and businesses.
A study by Gartner shows that business resilience has never been more penetrating. Small, medium, and large enterprises across the globe are adopting to the changing environment by reorganizing their business structures. They’re seen moving toward cutting-edge technological tools like IoT, 5G, AI, and cloud computing, and companies taking advantage of these technologies will successfully thrive in the post pandemic world.
Edge computing lets firms improve on their current analytics and make informed business choices. With growing analytical scrutiny in CRM and ERP products, cloud computing has become increasingly popular.
The pandemic forced us all to maintain physical distance in order to curb the spread of the deadly virus. This automatically translated into public places shutting down, and people were instructed to stay at home. Workplaces have been no exception. Due to close human contact, work from home policies were rolled out as soon as first few COVID cases were reported in the country.
In this situation, when employees lost physical connection, cloud computing came in to rescue organizations. Giving your employees a chance to connect over the internet has become an efficient way of making business operations more flexible and scalable.
Business across the US and Canada have paired up with qualified cloud hosting services providers like gotomyerp to ensure a competent cloud infrastructure for continuous growth.
Cloud computing, accounting software, and artificial intelligence will simplify the industry’s shift toward resilience and proficiency. It’ll also make WFH and remote practices more convenient and unified.