Top 3 Things Every CEO Should Know About Cloud Solutions

As a CEO, it’s your job to ensure that your business is running efficiently, producing results, and staying within the budget. If your organization isn’t taking advantage of cloud solutions, then you’re missing out on the many benefits that can help you do just that.   

With cloud solutions, your company will become more agile while saving you time. There are three main points that every CEO needs to know about cloud solutions when considering the switch.  

Reduces costs 

When companies switch over to cloud-based solutions, it’s common for costs to be cut significantly. While the initial setup of cloud solutions can have extra upfront costs, it doesn’t take long to see significant savings. The first and probably most obvious reduction in cost is when it comes to the purchase and maintenance of equipment and the real estate required to store that equipment.  

When switching to a cloud solution your need to invest in hardware, facilities, office space, and large data centers to run your business is reduced to a small percentage of your previous budget. Plus, when that technology is updated, you’re not stuck with older hardware and equipment and the cost of having to upgrade.  

Cloud-based systems are constantly being updated and upgraded to ensure they have a competitive advantage. However, instead of having to use company time and personnel to do this, it is done automatically from your cloud service provider and doesn’t generally depend on an update of your hardware.  

Additionally, there is no need to hire in-house specialists of teams to handle your on-site data centers. While cloud solutions are cheaper and easier to maintain than running your own computer networks and servers, there is also a reduction in costs when you consider the improvement of efficiency. With less downtime, you will spend less time and money on the costs associated with it. 

Promotes efficiency 

Cloud-based computing can greatly improve the efficiency of your team and the way your business is run. Because updates and upgrades are done automatically by your service providers off-site, your personnel won’t have to spend time maintaining your systems and data centers. This greatly reduces IT workloads and allows your team to improve their efficiency due to not needing to spend time and effort updating hardware throughout the organization. 

The ease of use of cloud-based services also promotes efficiency. These software and systems are designed specifically to be easy to use. This means that your team won’t be spending much of their time trying to figure out how to use the technology they need to get their jobs done. Instead, they will be working with solutions that are made with efficiency and simplicity in mind so they can focus on the real work.  

Remote friendly 

As the world continues to speed towards remote work being the norm for many organizations, being able to have remote-friendly solutions is critical. Gone are the days when people needed to work in offices with local network systems.  

Cloud-based services allow the ability to safely access data and tools from any device as long as they’re connected to the internet. This brings the flexibility of allowing personnel to work from home and reduces the need for expensive real estate used for large offices. The ability to access work on the go, 24/7, from any device is a huge benefit for any organization that has remote workers or plans to go remote in the future. 

There are many benefits to cloud solutions that CEOs need to keep in mind, but the above are the main points that should convince you to look further into cloud-based solutions for your business.  

If you’re looking to move to cloud solutions, learn more about Microsoft’s approach to Modern Marketing on YouTube.