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From small businesses 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 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 could combat the situation with adequate tech tools. For example, research shows that in 2019, more than 90% of 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 the cloud computing and migration market was expected to grow exponentially through 2020—at a growth rate of 24%. A study conducted during the post-COVID strike reveals that more than 87% of IT decision-makers have actively implemented cloud migration strategies in their companies.
Companies need a cloud-first strategy to stay ahead of the bulging performance and efficiency curve. Here’s how this technology has and is expected to play out in the post-pandemic world.
Changing Cost Models
Modern-day startups seek insight 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, intelligent decision-makers have turned to digital tools and advanced technologies to reduce 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 for 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, private and government companies are likely to upscale their efficiency by adopting cloud computing practices in 2021. This will help them stay lucrative, cut costs, and escalate their infrastructure capacity.
Aptitude-Based Company Structure
Digital transformation, particularly cloud computing, has allowed companies to enter the intelligence era. This is the key to securing a bright spot in the industry and becoming a leading player in the future development of global capital, 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 adapting 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 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 to curb the spread of the deadly virus. This automatically translated into public places shutting down, and people were instructed to stay home. Workplaces have been no exception. Due to close human contact, work-from-home policies were rolled out as soon as the 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.
Businesses across the US and Canada have partnered 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 work-from-home and remote practices more convenient and unified.