Cloud Computing: Powering Business Agility in Enterprises

By CIOReview | Monday, July 14, 2014

margin-right:10px;Fremont CA: Cloud computing has taken businesses to a whole new zenith. It has enhanced business agility reducing cost structures and helping in generating greater revenues.

This notion is backed by a new global survey, which has revealed the true value of cloud computing to the business with regards to business agility. While it is understood in the industry that cloud computing provides clear cost benefits, CIOs are having difficulty getting a true fix on the business value that cloud might offer beyond cost reduction, reports Joe McKendrick of Forbes and Before the advent of cloud, business enterprises used to spend large amount of money on on-premises servers and software licenses and on equipments every year. After cloud, about half of the previously spend money is spend on subscription-based services. Benefits of cloud include simplification of internal operations, better delivery of internal resources, and new ways for employees to work, connect, and collaborate. Cloud also enhances faster rollout of new business initiatives for new opportunities and advanced ability to acquire, share, and analyze. It also provides a natural platform for optimizing existing IT systems to increase operational efficiencies while driving business agility and growth. CIOs are deploying cloud computing as a strategic weapon—not just for IT, but to enable full business transformation, eventually changing how they operate their business. In a couple of years, many companies will talk about how cloud helped them create a much tighter connection between IT transformation and business transformation.

In the spheres like healthcare, education, and retail banking cloud has helped to improve business agility. Like the health organizations have adopted electronic health records (EHR/EMR) to reduce the risk of accidental deaths and lawsuits, and to improve patient engagements with improved safety and quality of care. Same steps are being taken up by schools and also in the retail banking sectors to reduce their cost structures and increase revenues.