Top 5 Benefits of Cloud-Based Software

Thinking about transitioning your business to cloud-based software? Well, you aren’t alone. According to RightScale’s 2017 State of the Cloud Survey, an overwhelming 95% of enterprises use at least one cloud service. Of course, there’s a good reason so many companies prefer cloud-based software.

1. Management

With the respective service provider hosting and maintaining all necessary resources, cloud-based software is easier for companies to manage. This is in stark contrast to conventional “locally installed” software, which is hosted by the company/user instead. If the hardware running the software malfunctions or otherwise stops working, the service provider will fix it.

Many providers of cloud software also offer metering at no additional charge, meaning you can see exactly how much bandwidth you are using to avoid unforeseen expenses later down the road.

2. Access Anywhere, Anytime

Arguably, one of the greatest benefits of cloud-based software is the ability to access it from any Internet-connected computer or device. Whether you’re working in the office, lounging at home, or traveling for your business, you can access your cloud-based software. All you need is a computer or compatible device with an active Internet connection.

According to one study cited by Bloomberg, workers would accept an 8% pay cut if they were given the ability to work from home. So, by switching to the cloud, you can foster greater employee satisfaction within your company.

3. Enhanced Security

We can’t talk about the benefits of cloud-based software without mentioning security. Some people assume that anything with the word “cloud” in it is susceptible to hacking and malicious attacks, but this isn’t necessarily true. On the contrary, it can provide an additional layer of security, protecting your sensitive data from unauthorized access.

If you install software directly on your computer’s hard drive and lose the computer, a hacker or nefarious individual could access the software and retrieve your sensitive data. Conversely, using cloud-based software means the software — and your data — is stored on a remote server that’s maintained by the service provider.

4. Flexibility

Another reason to make the transition to the cloud is flexibility. Regardless of your company’s size and unique needs, you can rest assured knowing that the cloud will grow with your company.

Hopefully, your company will grow in the following months and years, in which case you’ll probably need additional bandwidth to sustain this growth. Cloud service providers can scale up their capacity to meet your company’s unique needs. And during slow periods, these service providers can scale down their capacity.

5. Cost-Savings

Last but not least, cloud-based software can yield some substantial cost-savings benefits. As stated above, cloud service providers can scale bandwidth and computing resources based on the company’s needs. This means you’re never paying for resources that you don’t need.

In addition to paying only for the resources your company needs, you can also save money with cloud-based software via the SaaS model. Software-as-a-Service (SaaS) allows companies to buy usage rights for software. Instead of buying software with full usage rights, for instance, you can buy partial rights to use the cloud software, which usually results in cost-savings.

A separate survey of 1,300 UK-based companies conducted by Rackspace and the Manchester Business School and Vanson Bourne found that 88% of respondents said cloud computing has saved them money, while 56% said it helped their company boost profits.

These are just a few of the top benefits of using cloud-based software. Of course, there are other reasons to transition to the cloud, such as automatic software updates; the ability for two or more workers to collaborate on the same project; protection from data loss; and being that cloud computing scales according to your company’s size, it’s also environmentally friendly.