Top 10 Key Business Drivers Used For Cloud Computing (2024)

It is becoming increasingly cloudy. But wait, we are not only talking about the approaching autumn weather but that more and more companies are choosing to move from on-premise to the cloud. But what drives a business to the cloud, what are business drivers in cloud computing. What is a cloud adoption framework and how much does it cost to move to cloud? Fortunately, moving your business to the cloud does not have to be expensive or overwhelming.

What drives a business to the cloud? Businesses are having to adopt digital transformation if they want to stay afloat and important business driver for adopting cloud computing include being able to compete with rival companies in terms of performance and speed. However, these are not the only business drivers for cloud computing.

Companies also see many other benefits of cloud environments: Organizations can quickly change their operations with small upfront investments and limited procurement requirements; services can be more easily digitized and thus improve the way employees carry out their work; IT staff can deliver and work more efficiently, and the list of business drivers for cloud computing goes on.

What drives a business to the cloud? The cloud holds and hides all the complex infrastructure that makes the Internet work. Most business driver for adopting cloud computing and cloud based technologiesbecause they know that it’s inevitable. Business drivers for cloud computing business applications are many and some of them are cost, security, flexibility and few key business drivers for cloud adoption. What is cloud adoption framework, you may ask. Read on to find out.

Table of Contents

Business drivers in cloud computing – What is cloud adoption framework?

What drives a business to the cloud? Few key business drivers forCloud adoption is one of the important business drivers for cloud computing. But what is a cloud adoption framework? Every business knows that cloud computing creates a flexible way to access data. Cloud helps with collaboration because work can be accessed from lots of different thumb drive vs flash drive and also from anywhere, making it much easier for teams to share data.

Top 10 Key Business Drivers Used For Cloud Computing (1)

What is a cloud adoption framework? Few key business drivers for Cloud adoption, therefore, is a strategy used by businesses to improve the scalability of Internet-based database capabilities. To achieve this, businesses engage in the practice of cloud computing and the cloud adoption framework helps prepare a business for technology, making it easier for a business to select the right way forward. So, if you ask what a cloud adoption framework is – this cloud adoption framework helps with minimizing risks before and after a business migrates to the cloud.

So, in response to what is cloud adoption framework and what it helps with, we can say that the cloud adoption framework helps with identifying those problems that any organization might face as they become more digital. Some of these could be sheer lack of knowledge or lack of staff competency.

Business drivers in cloud computing – What drives a business to the cloud?

After we have talked about what a cloud adoption framework is, let’s talk about what is cloud computing used for in terms of business drivers for cloud computing business ideas? Do all businesses have the same reasons for what drives a business to the cloud? This cloud computing is just a general term used for different kinds of cloud services including the likes of cloud backup, cloud storage, Software as a service, and cloud hosting.

When it comes to what drives a business to the cloud, each business has its own reason but between all the different businesses, the reasons are much the same. For most businesses, business drivers in cloud computing have always got to do with cost. How cost-effective the solution can be for small businesses is a big driver simply because many businesses, small and large, can’t invest a lot of money into the computation of their business. Cloud computing can affect the growth of a business because it can have an effect on productivity.

What drives a business to the cloud? Also, one of the inevitable business drivers in cloud computing is this remote working brought on by covid-19. This cloud computing is the only solution for ensuring that all workers wherever they are, are able to communicate. No matter which geographical area workers find themselves in, files can be shared between employees. A skit ideas for MLM business can save money because there is no longer a need to hire somebody in a particular area. Cloud-based companies require far fewer staff to run.

Moving to the cloud has benefits for companies and perhaps one of the more important business drivers in cloud computing has to do with lower IT costs and increased cloud security consulting.

Top business drivers in cloud computing – security

Before talking about business drivers for cloud computing, let us know more about cloud computing. Cloud computing is made up of services delivered through data centers. In terms of business drives infuture of cloud computing, not only is your data safe from cyber theft but it is also safe from corruption or destruction.

The best cloud storage providers have thousands of hard drives so that they can back up data. The services that these data centers provide are accessible anywhere in the world. The cloud is the point of access for all the computing needs of businesses.

Top 10 Key Business Drivers Used For Cloud Computing (2)One of the reasons why businesses are moving to the cloud is security. This is one of the top business drivers in cloud computing. These cyberattacks are becoming far more sophisticated, and businesses are looking to bolster cybersecurity as well as a shift from old to modern data platforms.

Small businesses too are not exempt. They are also at risk from cyber security threats as big organizations. Attackers automate their attacks, making it easy for them to target thousands of small businesses at a time. Small businesses are most times less aware of threats and they have fewer resources to put into cybersecurity.

Phishing accounts for 90% of breaches faced by companies. These insider attacks in cloud computinghave grown much more sophisticated and they are difficult to combat. Malware is also another threat facing small businesses. The attacks are seriously damaging for a small business as they cripple devices which then require huge costly repairs.

What drives a business to the cloud? This top 10 cyber security threats are the major business drivers in cloud computing. When businesses consider cloud computing this is one of the major advantages -it makes a business more secure. Many businesses are choosing to migrate to the cloud because of the security benefits they offer.

Costs – one of the big business drivers in cloud computing

What drives a business to the cloud? When a business adds up all the costs of owning IT equipment and maintenance costs, it is a small wonder that cloud computing is becoming the norm for so many industries. Cost is one of the most important business drivers in cloud computing.

The cloud can provide many financial benefits for a company, but when moving data to the cloud, you need to decide between a public or private cloud environment. Public providers are hosted by other businesses that host different companies. Private clouds are hosted by the company storing their data on the cloud.

Because there is only one company for each cloud environment, the cost is often higher than with public clouds. An advantage of public cloud computing is the reduction in hardware costs. This makes perfect sense because instead of a business buying in-house equipment, it’s the public company that does it.

New hardware can be expensive and cloud computing tales away these kinds of costly issues. Large data centers take up a lot of office space and also produce a lot of heat. Moving to the cloud can help to maximize space and also cut energy expenditures. The cloud can also reduce labor costs.

Because the hardware is owned by vendors and stored in off-site locations, IT staff are not required because repairs and upgrades are done by the host company. It is all the responsibility of the vendor. Also, the deployment of cloud software is much faster than a regular installation.

Instead of setting aside weeks for an installation, cloud software deployment happens in the space of a few hours. Different types of cloud infrastructure takes away the high operating costs of IT and businesses pay on a subscription basis for the service. It means a business can get rid of its maintenance overheads.

We have mentioned two kinds of cloud computing a business can choose but in fact, there are other ways. When it comes to business drivers for cloud computing, cloud computing has other models in terms of security and access, and for business drivers in cloud computing your business has to look at the model that will work best for your particular business. We have already mentioned private and public cloud, but community cloud is another.

A community cloud exists where a number of organizations share access to a private cloud, such as franchises. These franchises have their own public clouds and they are hosted remotely in a private environment. There is also the hybrid cloud which takes advantage of private and public cloud services. For a business to spread their options over different cloud models they gain the benefits of each of these models.

You can use a public cloud for some things while keeping sensitive data safe and secure with a private cloud.

Business drivers in cloud computing – How cloud computing actually works

When we talk about business drivers in cloud computing, there are three main kinds of cloud computing service models – Platform as a Service, Software as a Service, and Infrastructure as a Service. A business can use just one of these services or they can use a blend of the 3. SaaS is the most common form of cloud computing for a small business. The software application host is the one responsible for controlling and also maintaining the application.

Of course, nothing is totally flawless, and when it comes to business drivers in cloud computing, there are risks to be considered. It is important for a business to understand some of these risks when moving their business into the cloud. That is why a business should carry out a risk assessment process before they will move to the cloud.

Top 10 Key Business Drivers Used For Cloud Computing (3)

For any business, they will need to have agreements in place with their service provider prior to cloud implementation services starting up. This is important as it will protect a business against certain risks and lay out the responsibilities of each party. Every business is responsible for understanding exactly what they are agreeing to before signing up.

While there are many business drivers in cloud computing, it is important to understand how your data will be stored and secured when a business decides to outsource to a third party. Of course, these sorts of things will be outlined in the agreement with the service provider. You also have to remember that sometimes cloud computing service providers are located outside your country and then before you commit you must understand where your data is being stored and what laws apply to the data.

Business drivers in cloud computing – Efficiency

Efficiency is another of the important business drivers in cloud computing. Its because this cloud technology allows for new businesses to pool their computing resources. Public cloud offerings allow entrepreneurial organizations to share the costs among themselves. Cloud computing provides a business with the chance to outsource IT work to an external company.

This moves the burden of maintaining an IT infrastructure in-house. The cloud service provider takes on all the risks. They take care of everything from updates to routine maintenance. Another kind of efficiency that has arisen with cloud computing is flexibility. This is particularly important now as companies all over the world have had to quickly consider remote working.

Employees, wherever they are, can access files and documents anywhere so long as they have an Internet connection. There are many cloud-based tools and apps that assist people to collaborate with each other. With cloud computing, you do not have to be in the same office to work well together.

Business drivers in cloud computing – Flexibility and Scalability

Flexibility and scalability are big business drivers in cloud computing and this is also thanks to covid-19 where everyone has been forced to move away from the traditional way things are done and now involves employees possibly working just a few hours at the office.

Most organizations are recognizing the benefits of moving to the cloud as cloud-based software and storage will bring transformative flexibility to a business. Millennials particularly are used to working where tech is a huge part of their lives and they expect nothing less from their employers.

Top 10 Key Business Drivers Used For Cloud Computing (4)

The flexibility provided by the cloud has become essential to providing the kind of working conditions that millennials expect. The cloud enables employees to literally work from anywhere. With cloud systems, a centralized location holds the data and software that is required to do the job. The employees have secure passwords for their Internet connection.

Also, scalability is one of the business drivers for cloud computing and ultimately this goes back to one of the previous business drivers for cloud computing – the saving of costs as this flexibility in business reduces overheads such as office space. This cloud infrastructure simply gives businesses the means to scale flexibly depending on the needs they have.

Many companies run campaigns every once in a while and then managed cloud hosting is useful in that it allows these companies to increase resources to cope with increased demand and then to decrease resources when the demand is over. This scalability, flexibility, or elasticity is one of the huge business drivers in cloud computing.

Business drivers in cloud computing – In troubled times, your business rallies

We hope now you have answers to the questions like what is cloud adoption framework and what are business drivers in cloud computing. We are living in troubled times. Nobody knows what threats are facing us. It is why one of the ultimate business drivers in cloud computing for any business is knowing that a business can continue to operate. This is because managed cloud hosting assists with all resource issues with dedicated experts being an extension of the business’s IT department.

Top 10 Key Business Drivers Used For Cloud Computing (2024)

FAQs

What are the key drivers of cloud computing? ›

Cloud computing takes its shape very rapidly due to the various technological drivers, namely (1) multi-core technology, (2) parallel programming models, (3) virtualization and containerization, (4) Grid and utility computing, (5) WAN, Internet, Web 2.0, Service-Oriented Architecture, (6) Microservices Architecture ( ...

What are the driving forces of cloud computing? ›

The emergence of cloud computing can be attributed to several driving forces that have shaped the landscape of modern computing. These driving forces include: Scalability and Elasticity: Traditional IT infrastructure often struggled to accommodate sudden spikes in demand or handle rapid growth.

What are the 4 key external drivers? ›

The external drivers that influence a closely-held Company's value can be grouped into four categories: comparable market activity and valuation multiples, lending environment, economic conditions and the competitive marketplace.

What are the three main key trends in cloud computing? ›

Major trends that will grow in this sector in the upcoming years are self-automation, self-learning, personalized cloud, high data security, and privacy. Many cloud service provider companies such as Amazon, Google, IBM, etc are investing a lot in artificial intelligence and machine learning.

What are 3 key aspects of cloud computing? ›

The National Institute of Standards Technology (NIST) lists five essential characteristics of cloud computing: on-demand self-service, broad network access, resource pooling, rapid elasticity, and measured service.

What is the main driver for decision to deploy cloud solutions? ›

Reducing costs: Cost reduction is often the most common business driver for adopting a technology or architecture. However, it's important to consider more than just the cost of services and potential pricing discounts when deciding whether to adopt a multicloud architecture.

What is the NIST model of cloud computing? ›

The NIST cloud computing reference architecture focuses on the requirements of “what” cloud services provide, not a “how to” design solution and implementation. The reference architecture is intended to facilitate the understanding of the operational intricacies in cloud computing.

What are the four 4 deployment models in cloud computing? ›

NIST defines four cloud deployment models: public clouds, private clouds, community clouds, and hybrid clouds. A cloud deployment model is defined according to where the infrastructure for the deployment resides and who has control over that infrastructure.

What are three 3 key aspects of cloud computing? ›

3 COMPONENTS OF CLOUD TECHNOLOGY: SAAS, PAAS, AND IAAS

The provider updates, maintains, and rolls out new versions of the software to consumers. Thus, consumers no longer have to purchase every new release of the software.

Top Articles
Latest Posts
Article information

Author: Foster Heidenreich CPA

Last Updated:

Views: 6078

Rating: 4.6 / 5 (56 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Foster Heidenreich CPA

Birthday: 1995-01-14

Address: 55021 Usha Garden, North Larisa, DE 19209

Phone: +6812240846623

Job: Corporate Healthcare Strategist

Hobby: Singing, Listening to music, Rafting, LARPing, Gardening, Quilting, Rappelling

Introduction: My name is Foster Heidenreich CPA, I am a delightful, quaint, glorious, quaint, faithful, enchanting, fine person who loves writing and wants to share my knowledge and understanding with you.