How can cloud computing benefit a startup business? Founding a startup company, starting a business is intimidating, requires a lot of determination and hard work. In fact, it’s one of the most difficult choices a person can go for. Knowing the fact 9 out of 10 startups fail, new startups hit the ground every day.
With so many distorting numbers, techies and non-techies are coming forward with their sparkling new startup ideas. In fact, the United States ranks as one of the best countries for entrepreneurs, with 63,700+ startups so far.
Besides capital, a strong team, great advisors, customer love, and product-market fit, the most critical factor that dictates startup success is to be with the future trends in technology.
Cloud technology has given a new direction to the IT industry. Cloud computing is relatively easy when it comes to small business app development. It extends startup businesses lots of competitive benefits, in today's challenging business market.
Before, diving into how cloud computing can help in scaling the startup businesses. Let’s quickly introduce what is cloud computing and few trends of cloud computing.
Understanding Cloud Computing
Cloud computing is a light-weight experience that is the future of both personal and business computing. It opens a wide variety of markets and opportunities for all kinds of customers’ needs ranging from a small personal use client to a more hefty loaded server. Cloud computing helps you to access the information stored remotely in the cloud or a virtual space.
Companies that cater cloud services empower users to save the data on remote servers, from where you can access it via the Internet. This simply means you don’t need physical servers to be installed at workstations, which in turn gives you faster access to the data.
What is cloud computing all about?
Technically, Cloud computing is the distribution of various files, applications, and services via the Internet instead of storing them on physical devices like hard drives or local storage devices. This cloud-based storage saves your data in a remote database. These resources cover tools and applications like databases, networking, data storage, servers, and software.
Cloud Computing Adoption Facts and Statistics
Why cloud computing is great for startups?
Startups are quite risky when it comes to financial safety and industrial stability. With so many risks like market, opportunity risk, team experience, depth risk, market entry strategy risk, etc. you can not mitigate them fully but can avoid them to some level by opting for smart technology and frameworks.
RapidScale claims “94% of businesses experience improved security after opting cloud, whereas 91% said the cloud makes it convenient to meet government compliance requirements.”
Opting Cloud technologies in your startup can benefit you in many ways, more likely in cutting costs that save your business from problems like budget factors, team location, and instability. As an entrepreneur or founder, here are some of the benefits of cloud computing for a startup company.
1. Security
“60% of U.S. IT decision-makers trust cloud for keeping sensitive data.”
Customer trust is an essential component for startup growth. And interestingly, many of the companies face security concerns while adopting cloud computing in their businesses. With an increasing number of cyberattacks, this concern is somewhere genuine also, as data is stored cloud or the internet. How can anyone be so sure about data security?
Cloud computing uses data encryption to safeguard your data stored over the cloud online. With end-to-end encryption, your data is less prone to hackers and no-one is authorized to view your data.
2. Openness
To survive in cut-throat competition, modern developers have to multi-task on different languages, platforms, and services to build their applications. Open-source support and openness are some of the biggest reasons why startups and SMBs are turning towards cloud computing.
3. Cost Savings
If you think, cloud computing can cost you as many dollars. You aren't the only one, in fact, 20% of firms are concerned about the first cost of installing a cloud-based server. It is true, executing a cloud-based server can be expensive, but once it is done, nothing is cost-effective than cloud computing. It not only saves time but also gives easy access to your company's data.
4. Scalability
“80% of organizations observed a significant growth in their IT team after adopting cloud computing in first 6 months.”
Cloud computing can save you money by avoiding the extra-spend on infrastructure. In the case of startups, cloud hosting helps you to pay for only those resources, which you actually use. Cloud computing allows budding organizations to grow and evolve. Amazingly, you won't have to be losing money on it.
5. Quality Control
Quality control involves reviewing the quality of all constituents involved in the production, to ensure that product quality is preserved or enhanced. It doesn’t matter how much you are sure about techniques, approaches, methods, and processes. Still, there will always be things that go out of control that impact the overall productivity and brand reputation.
6. Access from anywhere
Notwithstanding where you’re living, residing, or working, your employees will get easy access to the company and project data from any operating system or mobile device no matter whenever and wherever you’re. Employees and the company can even enjoy the financial transactions and go by the mobile banking trends which is possible through the cloud services.
Wrapping up!
As you can comprehend, cloud infrastructure is emerging as highly efficient for startup businesses. It helps you lessen the costs and risks of your business, enhanced safety, scale your project and tasks.
Cloud-native migration provides you infinite versatility. Cloud technology enables startups to fight the industry giants in areas including data processing, storehousing, and interpretation of huge volumes of data. After all, the future of Blockchain, Cloud computing, or Artificial Intelligence depends on changing business verticals and customer demands.