Here is how you can use cloud computing in your business to gain and sustain an edge over your competitors:
1)Allows informed decision-making via data analytics
Cloud offers a data integration layer that does not require labor-intensive extraction, transfer and loading (ETL) procedures and also enables you to swiftly apply analytics across multiple sources of data. Cloud technology eliminates the need for lengthy record-keeping as it enables you to instantly log information in your online database which is then available for instantaneous retrieval.
2)Timely update of software
Cloud-based software are much more flexible in the regard that desktop software and IT programs require updates that are costly with a vast majority of them including automatic updates in their subscription model. This makes it more cost-effective.
3)Improved communication
Cloud enables real-time sharing of information across team members, clients and vendors allowing for streamlining of business processes.
4)Enhanced disaster recovery and information security
With cloud computing, all business information is stored one a single online platform. This means that you need not worry about losing data in case your office systems get corrupted.
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