Investing in your future: the benefits of cloud-based software solutions

If you find yourself sharing similar concerns, then cloud might be the ideal solution for you.

Our survey indicates that 39% of UK businesses have fully embraced cloud-based applications, and it’s no surprise. Cloud-based software solutions can act as the bridge between existing systems and evolving demands of our rapidly changing, tech-driven business ecosystem. The benefits of cloud-based software solutions are incredible that we'll be exploring in the following sections.

Benefits of cloud-based software solutions

• Cost efficient

The biggest advantage of cloud adoption is cost savings and efficiency. With cloud solutions, you can easily eliminate the need to invest in on-premises IT infrastructure. Also setting up a dedicated IT team is not necessary, as several routine maintenance and administrative tasks are handled by the provider.

• Scalable

Cloud services often operate on a subscription or pay-as-you-go model. This means, you pay for the resources and services you use. This is especially of great advantage when it comes to scaling. Be it upscaling or downsizing, cloud solutions can easily accommodate your changing business needs.

• Remotely accessible and flexible

A Wi-Fi connection is all you need to access and work on cloud-based software. This enables fostering a flexible work environment, which is highly appreciated and desired by today's workforce.

Additionally, cloud solutions make real-time data sharing, access and editing possible, allowing a colleague sitting miles away to promptly respond and collaborate. With real-time data access, there is no longer the need for repeatedly sharing the latest versions of files between colleagues, which significantly speeds up reporting and data analysis processes. Cloud adoption undoubtedly enhances the speed and efficiency of the process, facilitating collaborative working at a global level.

• Enhanced operational efficiency

You will certainly notice operational improvements upon adopting cloud-based software. Cloud-based software providers ensure that your system is kept up to date with regular automated updates and maintenance. They are promptly available and reliable in resolving technical issues, significantly reducing the risk of downtime due to hardware and software failures, thus ensuring smooth operations.

Additionally, many cloud software solutions offer data analytics tools and insights that can be helpful in identifying areas of concern and opportunities for improvement.

• Enhanced security & data backup

By investing heavily in top-notch security measures, cloud providers can offer your business better data security and protection. You can enjoy the latest security features and protection against cyber threats without any additional investments from your pocket.

Furthermore, cloud-based software is often better prepared for disaster recovery, with built-in disaster recovery solutions, data backup, and multiple data centres.

Embracing cloud solutions for a future-ready business

Cloud adoption brings about operational improvements, remote data accessibility, and excellent data security. While the benefits of cloud adoption are manifold, the transition from legacy systems is not without its challenges. Navigating the complexity of cloud adoption is a daunting task with several critical decisions at stake. In our Annual Trends Report, Chief Product Officer Amanda Grant echoes these sentiments and shares her insights on cloud adoption and the value of partnering with an experienced provider.

Explore the concepts of modular adoption and hybrid systems, which can serve as a bridge during your transition. Download our Annual Trends Report today to gain valuable insights and make informed decisions.