The business landscape has undergone a significant change during the current COVID-19 crisis. With the Coronavirus continuing to cause financial worries for most industries, organizations have also learned how to make the most of such a situation. Cloud technology is a tool that has helped them sustain their business while also planning for long-term growth. As a result, cloud computing trends have become a buzzword.
The situation would have been different for enterprises if the pandemic hit the world ten years ago. It was when IT infrastructure was heavily dependent on network availability, physical servers, and less robust technology. The pandemic has indeed put the whole world into remote working almost overnight. The benefits of cloud solutions helped them see the light in the darkened present and future.
You might have also heard of the concepts, such as ‘cloud-first’ or ‘cloud-only’ business approaches as the mainstay while remote working became the new normal. Amidst cloud solutions emerging as the driving force for businesses, big or small, we witnessed several cloud computing trends in 2020. Let’s talk about a few of these trends in detail.
1. Paradigm Shift Towards Cloud-Backed Work Environment
In the wake of COVID-19 disease, the needs and expectations of businesses have changed. Business owners have reprioritized their needs to better position their IT infrastructure for the end customers with cloud technology.
They have recognized transition to the cloud is about staying ahead of the competitors and sustenance. As per the emerging cloud computing trend, enterprises have become less worried about sticking to the in-house IT resources. Instead, they are embracing various cloud hosting solutions based on their business-specific needs.
They have also realized that there is no magical one-size-fits-all cloud solution on the shelf. It is more about finding a reliable cloud solution provider, migrating the local data and software to the cloud, and joining the bandwagon. For example, an accounting firm that was previously dependent on the local-hosted software only has to hire an accounting software hosting provider to make the CPAs work efficiently from their homes.
On the other hand, renowned cloud service providers are focused more on redefining their business strategy to handle more clients and offer top-notch, uncompromised service quality. The need to fulfill such increasing requirements is most likely to be the driver of cloud service evolution in 2021.
Also Read: How to Reshape Your Business Around Remote Work?
2. Making the Remote Working Environment ‘Work’
The global spread of Coronavirus resulted in a rapid shift of organizations to work from home. In the beginning, remote working was an effort to maintain business continuity. However, as time unfolded, people have realized it is going to stay for an uncertain time. With the pandemic showing no sign of slowing down, the expectations from remote working have grown further.
For businesses, cloud technology has become a helping hand to enjoy the benefits of remote working. It allows teams to collaborate, communicate, and work virtually with the power of technology. Alongside, there are cost-saving benefits of promoting the ‘work from home’ solution. The reduction of on-site technology spend by shifting to cloud hosting has financial benefits. When coupled with the least disruption to employees’ work productivity and well-being, it leaves no reason for many businesses to slide back to the traditional work environment even after the COVID crisis ceases.
This cloud computing trend focuses more on the businesses seeking the right way to fit the cloud’s needs in their traditional work environment. Whether it is about hosting business applications securely on cloud servers or enjoying higher collaboration, they rely more on cloud technology to enable remote work to happen seamlessly.
Recommended Read: Do Cloud Hosting Solutions for Accounting Firms Make Sense?
3. Continued Shift Towards Tech on Demand
Another beneficial side of moving to the cloud is the cost savings. In the traditional in-house IT infrastructure, server installation, maintenance, and regular upkeep call for a significant investment. No matter if the business needs to utilize the resources maximally or partially, there was no way to minimize the expenses.
With cloud taken over the front seat for operations, many such expenses came under control. IT companies have more revenue at their disposal to maintain the operations and take advantage of cloud hosting. Most cloud service providers follow the pay-per-use model, making it easier for a broader audience to access their services.
For example, with the increased workload of tax firms during the mighty tax season, they can call the cloud solution provider to increase the virtual RAM and storage to serve more clients during this peak business period.
In other words, controlled expense over cloud resources has helped democratize this technology so that every business, big or small, can reap its rewards. The need for round-the-clock security checks by in-house professionals can also be minimized.
Cloud technology has started to move towards its full potential. Businesses now utilize cloud infrastructure like never before. The next set of cloud computing trends will be witnessed as we move through 2021, with organizations moving past the challenges of security, compliance, and many others. In the post-crisis world, the need for cloud technology will likely accelerate further.
If you are still wondering how cloud hosting can benefit your business, call us at – 1-855-583-7486, and we will tell you more about it.
About Verito Technologies
Verito Technologies provides fully-managed, turn-key cloud hosting solutions for all size companies. We host your favorite tax/accounting software on a dedicated cloud server backed by enterprise-grade security that is SOC2, PCI DSS, SSAE compliant, and our strategically located data centers offer a 99.99% uptime guarantee. Automated backups and a 24/7 support team provide complete peace of mind.
