Why are companies migrating from on-premises to cloud?

There is no denying the fact that Cloud Computing has gained much popularity in the last few years. As the competition is getting fierce with each passing day, companies are finding new ways to stay ahead in their game. Unlike in the past, now cloud computing is available to every organization, be it IT giants or emerging startups. Thus, many companies are switching from on-premises to cloud servers.

“The cloud-based market is set to grow at 15% per year with on-premise to decline by 10% per year” – Gartner research firm

There are many factors – from rapid scalability, efficient deployment, low maintenance costs to overall aid in security and effectiveness – why migration to cloud computing is a growing trend. In this article, we’ll take a look at the few major reasons why companies are moving from on-premises to cloud servers.

Compliance
One of the reasons why organizations are moving to the cloud is easy compliance. Customer relationship management (CRM) software systems keep account of all the client data and information companies have, along with advanced messaging systems that allow companies to send and receive encrypted data securely. Also, call recording software aids in keeping a record of every interaction with the clients. After the General Data Protection Regulation (GDPR) act and the Markets in Financial Instruments Directive (MiFID) act, coming into effect in the year 2018, it has become essential for organizations to store securely and encrypt data, in particular with MiFID II, recording every interaction. Cloud solutions make it easy to comply with these.

Security
Cloud IT providers make a huge amount of investments in the infrastructure, resources and technology to provide higher levels of security. Backing up data offsite in the cloud decreases the probability for viruses, hackers and other cybersecurity problems.

Innovative Solutions
Although, being stable on-premise solutions have reached their full potential and there is no innovation there. Adding innovative features to on-premise solutions are too expensive and require too much work. While with cloud-based solutions, it is quicker and easier to add innovative features and it is less expensive.

Deployment, Connectivity & Accessibility
From a few days to months to years, it takes a lot of time to strategically plan, build, and implement an internal IT infrastructure. However, cloud-based services can be deployed within an hour. 

Cloud enables users to access data and files anytime and from anywhere. Thus, they can work from anywhere in the world, without the risk of losing files and data stored on any computer.

Improved Efficiency
Once a company migrates to the cloud, power requirements, space considerations, expensive computer hardware, or software updates are a few of the things the company needs to worry about less. As the cloud provides rapid scalability, simultaneous syncing while working and sharing data securely in real-time, it aids in increasing the efficiency of employees of the company.

Cost-Effective
By minimizing the IT requirements and physical data storage, a cloud-based desktop provides you with rapidly scalable computing power and higher levels of data integrity. Thus, saving a significant amount of your cost. 

The above-mentioned reasons are why companies are migrating from on-premises to cloud. Thereof, companies are always looking for skilled cloud professionals to join their cloud team.

To know more about the job profiles in cloud computing, click here.