Forbes released an interesting article this week about the affect trust in the cloud has on revenue growth. Organizations who put “one foot in the water,” only saw about a 1% increase in revenue growth when adapting new cloud technologies. Organizations who trusted the cloud’s ability to transform their business saw a 9.1% increase in Revenue Growth.
So what does that mean? It means that the cloud isn’t simply a money-saving tool. The cloud is designed to transform the way you do business. It creates faster responses to customers, easier file sharing across the team, the ability to work from just about anywhere, and customization previously unobtainable to business.
Here are some examples as to how the cloud has transformed business:
- Healthcare IndustryThanks to cloud technology research teams from all over the world can easily share information. This leads to faster discoveries and solutions for everyday problems. Pharmacies are developing technologies to be able to check prescriptions all over the world to prevent prescription fraud and drug abuse. Local doctors’ offices use the cloud to safely and securely store patient information. They also create custom patient portals that allows patients to access their health records anytime, anywhere, schedule appointments, and send messages to the office.
- Financial IndustryCompanies trusted to protect your sensitive consumer information have begun to create cloud storage facilities that provide enhanced, encrypted storage. Things like the Target and Home Depot hacks will become harder to complete with new cloud security measures. Companies can store information at several different points all over the world making it harder for attackers to break through their code.The New York Stock Exchange launched the first ever “trading cloud,” in 2011 that opened up the possibility for any firm, small or large, to gain access to the NYSE’s information centers.
- RetailVirtually any company can create their own infrastructure on the cloud. This is allowing retail organizations to transform the customer experience. Through data collection, multi-channel sources, and cloud migration retail giants are creating a customer experience that’s truly about the customer. Response times are faster, online ordering is easier (and safer), and it’s now more affordable for any business to adapt savvy IT.
If you think of the cloud and think “software as a service,” you need to open your mind to the abilities of the cloud. It’s not just for file sharing, back-up, and software it can transform the way you do business. Through this transformation you can create an outstanding customer experience, efficient internal operations, and increase your revenue growth.
Contact Datasmith to begin transforming your business today.
