The simplicity and accessibility of cloud technology encourage its use in both the public and private sectors. Let’s look at five key ways in which cloud technology is changing the economy.
1. Business Transformation
Cloud technology helps businesses to save on infrastructure costs by offering solutions that are easy to install, update, and maintain. Compared to hardware options that often come at a higher price and with less room for adjustment, cloud technology is a great alternative.
Cloud computing also transforms business by creating flexible workplaces and improving productivity. Largely because of cloud technology, remote work is becoming a popular choice for many companies who want to cut down on office maintenance costs. The cloud allows employees to have a fully functioning office at their home.
Not to mention, cloud technology enables access to foreign markets, meaning unrealized growth opportunities. Businesses no longer need to be location-dependent and you can find talent across the globe.
2. AI & IoT Capabilities
Data is the foundation of deep learning and machine learning, the crux of all artificial intelligence (AI) technology. The cloud enables data gathering and analysis.
The Internet of Things (IoT) which connects physical devices to the internet, works in a similar way. Using data from the cloud, IoT paves the way for fully comprehensive smart devices.
3. Improved Customer Experience
Cloud technology can drive 24/7 customer support. The interconnectedness of cloud computing leads to the increased accessibility of information and user support globally.
Companies big and small benefit from providing their customers with timely support. Support is not limited to physical centers but can range from virtual chatbots to an online archive of helpful resources.