5 Benefits of Cloud Technology for New Startups Cloud technology can take some burdens off your shoulders.
By Warith Niallah •
Opinions expressed by Entrepreneur contributors are their own.
As entrepreneurs, we need to look into different cloud options before making a final decision. Because there are many services available, we have to be mindful to not engage in long commitments to preserve the flexibility to change until the business stabilizes. The process may appear overwhelming at first, but there are five main benefits to adopting cloud technology.
1. Lower infrastructure and space expenses
Using cloud technology prevents you from having to maintain hardware and space for storing documents and media. Entrepreneurs can then focus more on launching and growing the business because these are essential tasks that a new business leader should complete first. Servers and cooling systems can be costly and take up considerable space. Cloud technology allows one to avoid these costs, freeing up finances for other pressing needs.
Cloud technology saves time because it is easy to access data from anywhere with an internet connection. Leaders are often busy people who might not have the luxury of being in one place all day long. As new crew comes on board, collaboration will be critical to initial success — and having cloud systems allow new companies to issue lower-end laptops using cloud computing power.
Related: 10 Big Misconceptions About Cloud Computing
2. Cost-effective support
Cloud technology allows you to utilize a support system accessible anywhere instead of hiring or contracting support personnel. Founders can save money by using the cloud for customer service and technical issues because they don't have to pay employees for this help, which frees up more funds in their budget. Some cloud providers provide support for free as an enticement to sign up. Other cloud support options include a subscription fee, where you pay a monthly rate to gain access. Leaders can choose which method best suits their company and budget needs because various options are available in the cloud. Businesses can obtain support as needed, monthly or annually in many cases.
3. Scalability
Scalability is an incredibly beneficial feature of cloud technology for new startups that need more resources than they initially thought. As the business grows, systems can acquire new capacity quickly. Entrepreneurs can access more resources on-demand and pay for them only when needed, saving money if the company uses fewer of these features or services at other times during the year.
Related: How Can You Unlock the Cost Benefits Of Cloud Computing?
4. Capital preservation
Cloud technology allows new startups to start with less capital because entrepreneurs do not acquire expensive hardware or software. Leaders can use the cloud to make their company more efficient and productive without spending money on office equipment they rarely need after operations commence, which frees up funds for other expenses until the business starts growing.
5. Cloud technology connectivity
When you work with a cloud technology provider, they can assist in setting up connectivity for your startup so that you can access the internet at all times. Leaders don't have to worry about whether their location will interfere with accessing the internet because they know it is available when needed. Experienced cloud providers assist businesses in choosing suitable connectivity options and equipment for their needs so that entrepreneurs can focus on other aspects of the company. Companies can have wired or wireless connections and the proper equipment to enable it. Leaders can save time and money because they don't have to research connectivity options themselves.
Related: Oracle's (ORCL) Cloud Platform Utilized by K-12 School Systems
