Building and managing a data centre is good solution for a big company and sometimes for a mid-sized company, but you can see how that can be a problem for a small business. The business has to buy space, their own equipment, pay for networking, power and cooling, electricity and IT support while not using all the computing power they spent their money on. By moving to the cloud a lot of the problems are switched to the cloud service provider.
Forget about capital expenses
In the world of cloud technology financing that capital investment is a problem of your cloud service provider. There is no need to purchase server or storage devices anymore and all those switches, routers and other equipment that supported the servers.
Another way to save money is by using a cloud platform packed with a lot of useful applications that replace the need for purchasing more expensive software.
Reduce operating expenses to a minimum
Cloud data centers deliver high service levels while they reduce costs. That is an inevitable outcome of the economies of scale. Data centers are more efficient at hardware utilization and power usage, meaning that a cloud service provider will charge you less for electricity used than you are spending in your own data center.
By moving to the cloud the service provider handles the IT support, so your IT staff can be deployed where their expertise can be utilized at a position that brings more money to the business.
Pay only for the storage you need
It all comes down to the flexibility and scalability of the cloud. When you move to the cloud you can make a tailored plan with your cloud service provider and from there you can scale up as your need for storage or computing power grows. If you are in a position where you don’t need all that computing power just scale down.
These are just some of the financial benefits of the cloud. If you want to learn more follow us on Twitter and Facebook.