Innovation is the key to growth and success in any industry. Whether you’re a newly-minted startup or an established leader in the industry, innovation and continuous improvement need to be the focus of all strategic planning.
There are numerous examples of organizations that once dominated the industry but became too comfortable in their position. Perhaps the most widely known example is that of Nokia. For decades, the mobile device giant held an unchallenged position in the global mobile market.
The success pushed management to become complacent, and soon enough, it was unable to compete with offerings from competitors. Despite scrambling efforts to enter the smartphone market, the company could not match the innovation of the industry, and this resulted in its eventual decline.
What started out as an unbeatable champion became a case study in innovation and modern disruption.
Cloud Computing and Innovation
Cloud computing is a relatively new technology that’s disrupting most industries. In its earlier stages, many people, including tech experts, expected cloud computing to remain limited because it was expensive and complex.
However, over the last few years, its use has become widespread, with applications in nearly every sector of the economy. And with increased demand, not only have costs gone down, but there are also hundreds of solution providers that now offer related software, applications, and support.
Cloud computing has numerous technical advantages, including data storage capacity, cloud backup, cloud apps, and hosting.
This post will take a look at the innovative benefits cloud solutions have to offer. So, if you’re looking to learn more about the inventive features of cloud computing, keep scrolling.
1. Easy availability
When choosing an application or computing solution, firms look for a system that can be tailored to fit their needs. Every firm has different requirements—dictated by firm size, organization structure, and the industry it operates in. As such, a one-size-fits-all approach does not work.
Previously, tailored solutions were often difficult to find, and significantly expensive to acquire. To achieve a customized solution, firms would have to build a new platform from scratch. This meant acquiring seasoned professionals who understood their needs and then designing an entirely new platform.
Not only would this process take time, but it would also require significant investment. Even after implementation, the firm would need an in-house IT team on board that understood the system and could maintain it.
Cloud computing technology allows businesses to uses readymade platforms and then customize them to meet their own needs. This takes less time, requires fewer resources, and is more sustainable in the long run.
For example, QuickBooks Pro cloud hosting allows even small businesses with limited budgets to take advantage of its processing capabilities. Furthermore, since QuickBooks is a popular accounting software around the world, many IT personnel are aware of how it works, and you can find loads of tutorials and support material online.
2. Remote access
Traditional solutions are geared toward meeting the needs of traditionally set up organizations. This means your typical brick-and-mortar building with desktops and software that only works on local networks.
Modern organizations are faster, more flexible, and their needs are significantly different. Cloud-hosted solutions allow firms to access all their files, emails, applications, and client information as they work on the go or from a remote location. This means they can access data while they’re traveling, at home, or even at the client’s office.
Moreover, cloud-hosted solutions can also be accessed on any device, which makes it easier for your employees to track changes and access data at any time on their smartphones.
There are online solutions out there, but they aren’t nearly as powerful or functional as cloud hosting services. For example, QuickBooks Online can be accessed via a web browser, but it has fewer features compared to the QuickBooks cloud hosting versions.
Certain features, such as inventory management, aren’t available in the basic plan and need to be bought separately as add-ons. Moreover, the number of users that can access the online version at one time is also limited, making it unfeasible for growing organizations that want a scalable solution.
3. Automatic backup
The amount of data that’s hosted online is growing at an exponential rate. Businesses in the e-commerce and accounting industry can’t afford to lose or misplace data. As a result, backing up data securely is a must.
Manual data backups are complex, costly, and quite time-consuming. With cloud computing solutions, you can make sure your data is safe and backed up. Most leading cloud hosting service providers have a disaster management and recovery plan in place to help you recover data in case it’s lost.
Additionally, many firms also offer secure data migration options that allow you to switch platforms without the risk of losing data.
Finally, private clouds also offer enhanced security, preventing cyberattacks that would otherwise compromise the integrity of your data.
Cloud computing solutions, such as QuickBooks Hosting, will continue to alter the business landscape and push firms toward innovation. Companies that are looking to simplify their processes and push down costs can take advantage of the benefits offered by cloud solutions and achieve accelerated success.
About the author
The writer is a senior cloud infrastructure engineer who specializes in Sage products and QuickBooks hosting solutions. Apart from sharing industry insights on our blog, he routinely partners with SMEs looking to modernize their accounting processes. The author is presently working as a business analytics consultant for gotomyerp. To learn more about the organization, visit their website.