Companies
are rapidly adopting Cloud Computing saving money and increasing profits which
they are re-investing on their core business capabilities.
Cloud
is a pervasive technology adapted from early stage start-ups to Fortune 500.
Cloud Computing help start-ups to bootstrap on a shoe-string budget. The power
of the cloud computing pricing model comes from turning CAPEX expenditure into
OPEX. With no upfront costs start-ups can spin up servers on a low budget and
scale-up as they grow. Large companies on the other hand save from this
on-demand usage basis model. For example let’s take a 100 compute node Big Data
Cluster used for only 1 hour per day for Data Analytics, the machines would be
turned on-demand for the computational needs thereby having a large cost
savings as opposed to having dedicated hardware.
Rackspace Hosting together with Manchester Business School
conducted a study of 1300 organisations in the UK and US revealed that:-
·
56 per cent have been able to increase profits
through using cloud services
·
49 per cent have been able to grow their
business through use of the cloud
·
60 per cent say that cloud computing has reduced
the need for their IT team to maintain infrastructure, giving them more time to
focus on strategy and innovation.
References
1. 88 per cent of cloud users point to cost savings according to Rackspace Survey
https://blog.rackspace.com/newsarticles/88-per-cent-of-cloud-users-point-to-cost-savings-according-to-rackspace-survey/
2. The Economic and Strategic Benefits of Cloud Computing
https://www.computereconomics.com/custom.cfm?name=postPaymentGateway.cfm&id=1931
