Digital transformation is changing the way enterprises make business decisions. Outsourcing used to be relegated to functions like payroll and cleaning services, but the advance of cloud technology has allowed for the consideration of a wider variety of possibilities. Companies are embracing the Everything as a Service (XaaS) mindset, and it’s not just for technology decisions like data storage and software platforms. Across business and consumer culture, XaaS is becoming a way of life.
Botmetric predicts that XaaS will grow 40 percent by 2020 as a global market, and companies that are slow to adopt a digital transformation plan may be left behind. There are benefits that come from cloud technology that will provide a game-changing edge on the competition, forcing some companies into obscurity as others make rapid gains.
Mobile access: Remote access to systems is becoming more important, with companies capitalizing on the ability to hire talent without regard to geography. The remote workforce is growing, and even employees that work on-site appreciate the ability to access information anytime and from anywhere, whether from a lunch meeting or a business trip.
Small companies access innovative technology: Smaller companies are no longer at a disadvantage when it comes to technology because cloud software is sold by subscription. There’s no big investment in hardware or IT support, giving small and mid-size businesses access to the same tools that big corporations can implement, democratizing the business world.
Change is constant: It’s nearly impossible for legacy, on-site systems to keep up with the improvements in speed and efficiency that tech companies produce on an almost daily basis. Digital transformation allows companies to always have the latest tools available, without disruptive updates or investment in new systems.
Cost effectiveness: Not only are companies able to escape the heavy initial investment of on-premise systems when they use a cloud solution, but they also eliminate the need for ongoing management and the headaches that come with updates or implementation. Digital transformation also results in productivity and efficiency improvements that significantly impact the bottom line.
Alternatives can be easily vetted: When a company considers a transition to another on-site system, they can only guess how the solution will work with their processes. With cloud solutions, companies can easily test-drive new software options; if one doesn’t work, it’s easy to pivot to a different solution.
Are you embarking on a digital transformation process? Cloud Source partners with you through each step of your cloud transition, helping you identify the best potential vendors and sticking with you through each implementation step. Call us today to learn more.