If you need access to your data while you are off-site, you can connect to your virtual office, quickly and easily. Netflix used Infrastructure-as-a-Service, or IaaS, to host its information through offsite servers and use their data storage. It gives your company the power to perform in a way it couldn’t before. Cloud Computing with RedNight How did the cloud give Netflix the power to take down Blockbuster? All rights reserved. These pacesetters are re-inventing customer relationships, using analytics extensively to derive insights from big data, sharing data seamlessly, and making data-driven and evidence-based decisions. The goals of gaining Competitive Advantage from Cloud Computing are realized in unexpected areas including advanced customer relationships driven by big data analytics, precise business decision making from cloud decision support systems, and enhanced business collaborations. The results are compelling. The solution Drivewyze PreClear uses advanced analytics of the driver’s record, the type of freight being carried and links with local law enforcement. In fact, whether you know it or not, you are already benefiting from the cloud. Related Articles: How Cloud Computing Can Make You Competitive; The Cloud Goes Beyond Cost Savings Cloud computing advantages and disadvantages. Last updated 1st October 2020] Cloud computing offers modern businesses advantages, including allowing multiple users to view data in realtime and share projects effortlessly. More than 800 cloud decision makers and users were surveyed, and then grouped based on their level of cloud adoption. When was the last time you saw a Blockbuster? Scare resources like IT infrastructure are now a problem that could be easily overcome by any business. When cloud computing was still a relatively new term for businesses, there were only two choices: private and public cloud. And there’s another advantage: The wealth of information collected through a cloud-based system can give you broad organizational insights and a distinct advantage over your competition. November 5, 2013 | Written by: Staff Writer. But, once you get to the seventh action item, you’re not so excited anymore. It’s also important to look at what is slowing you down. Apple had recently partnered up … Not taking advantage of it only makes you miss out on the growth opportunities. Cloud computing is an incredibly powerful tool for your business. Netflix brought something new to video and was able to change the very way we watch TV and movies. Not taking advantage of it only makes you miss out on the growth opportunities. The cloud has changed competition between businesses. It goes without saying that recruiting is one of HR’s biggest responsibilities. November 19, 2014July 5, 2018. The hybrid cloud model describes the use of at least one private and one public cloud. Take, for example, Apleona GmbH, one of Europe’s largest real […], We’ve all been there. Based on the adoption number above, moving to the cloud must provide advantages aside from financial benefits and, if you want your small business to remain competitive, you might want to give them serious consideration. Almost by definition, shaking things up requires commitment and action to do things differently. Cloud computing allows employees to be more flexible in their work practices. The importance of competitive advantage to cloud deployment decisions was underscored by a recent survey by 451 Research underwritten by Microsoft. This makes information easily accessible by your company at any remote location with Internet connection. Most importantly, pacesetters are growing revenue and gross profit faster than other organizations. Well, it’s pretty obvious. You’re watching it every night. The study found that companies who have deployed cloud broadly are gaining competitive advantage over their rivals that have not in ways that matter. News & Blog IBT. Cloud computing is not necessarily cheaper than other forms of computing, just as renting is not always cheaper than buying in … Those losses trickle down to policyholders who absorb some of that risk in policy rate increases. 2 Cloud Computing for Competitive Advantage Many businesses and organizations use specific cloud technologies to gain competitive advantage. New ways to maximize the advantages of cloud computing seem to emerge every day, and it's clear that the organizations embracing the cloud are sprinting ahead of the competition with regard to key, ROI-boosting strategies, according to a survey from the IBM Center for Applied Insights. You think about all the details required to make it real. That’s what I call shaking up the status quo. Disaster recovery keeps data safe. Sometimes when we realize the […]. With a little strategic planning, the cloud can elevate your operations and strengthen your road to business success.