The following is the fourth blog in a series about why businesses are moving to the cloud to modernize and improve business performance.
So far in this series, we have examined the state of cloud and how cloud enables innovation, including a case study. In this blog, we’ll look at the benefits of cloud that power the ability to innovate – speed and agility.
Velocity of businesses
Business does not move at uniform speed. It varies from industry to industry, business to business, department to department, and even day to day. But many legacy systems are tightly integrated, which makes it difficult to significantly change a single system without impacting many others. This has limited the ability of some businesses to keep up with the demands of customers.
Cloud-based applications provide the ability to accommodate rapid change in response to customer demand. At the same time, cloud-based infrastructure provides unlimited scalability to support the most aggressive velocity of change without the long-term cost of unused private data center capacity. Thanks to its speed, cloud allows businesses to test the waters on development at a lower cost while not incurring any long-term cost if the test fails.
Agility and performance
The cloud doesn’t just bring speed – it also enables your business to be more agile and responsive to change.
A digital transformation is about developing corporate agility across more than just technology. Cloud allows you to be more agile in the marketplace. For agility to improve, people need the tools to adapt to ever-changing customer demands. The ability to anticipate and take action immediately is an inherent benefit of adopting cloud technology.
Performance can be measured by a variety of metrics, from corporate stock value to customer ratings. Cloud’s ability to provide real-time KPI assessment is an important tool to quickly respond to internal and external opportunities for performance improvement. Many software-as-a-service (SaaS) offerings in the cloud arena provide fully automated tools to track corporate performance in all of your customer segments. This gives you the chance to build a portfolio of high-performing apps for both front-facing and back-end processes.
The cloud as a whole is highly scalable, which makes it agile and capable of delivering high levels of performance. This is useful both in terms of day-to-day events and large-scale, unexpected events.
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