Top 6 Financial Benefits of Moving to the Cloud

Why moving to the cloud? There are plenty of reasons, but mainly, it makes good business sense. You can call it efficiency, or call it doing more with less. But, one of the main advantages is: security.

Here are some of the ways cloud computing can save your organization money:

1. Fully Utilized hardware
Cloud computing brings economies of scale. Cloud computing brings high utilization and equilibrium to workloads. In this option, your cloud utilization is distributed over shared infrastructure – meaning lower costs for you.

2. Lower Power Costs
Cloud computing uses less electricity. More efficient use of hardware means less kilowatt hours. Idle servers waste energy, so a cloud service provider can charge you less for energy used than you’re spending in your own data center.

3. Lower people costs
One of the most expensive components of a successful business is personnel costs. Between salaries, benefits, and other employment costs – quality staff can quickly exacerbate budgets.

When you move to the cloud, some of the money you pay for the service goes to the provider’s staffing costs. But it’s typically a much smaller amount than if you did all that work in-house.

4. Zero Capital Costs
When you run your own servers, you’re looking at up-front capital investment. But, where cloud computing is concerned, capital is not required.

5. Cloud Computing Creates Redundancy
Most cloud companies have several locations for their data center, and they mirror data and applications. Therefore, redundant hardware is not necessary.

6. Sustainability
By moving to the cloud, you’ll be saving energy, additionally, you will not need to invest in and hardware resources yourself.
Cloud computing is the next frontier. Moving to the cloud can save you money, time and will be a boost to security.