With physical interaction no longer being an acceptable form of communication in light of social distancing efforts, enterprises and institutions around the world have made a sudden shift to digital solutions in a bid to retain productivity. Companies are now starting to realize the benefits of cloud computing, even beyond the immediate need for remote work generated by COVID-19 this year. As a result, it's likely that many businesses will begin scaling up their digital transformation efforts and invest heavily in IT and cloud resources in the coming years.
This documentation explains how cloud technology is the corporate world’s biggest partner in times of crises like COVID-19.
2. While Covid-19 may not have the scale of pandemics of the past (as
of date), the economic damage has and will continue to affect more
people than the disease itself.
There’s a high likelihood we’re 12 months away from a semblance
of normalcy. The biggest worry is a mutating virus that brings wave
upon wave of attacks, each deadlier than the other. During the
course of time that Covid-19 lasts, businesses and the global
economy will continue to be significantly impacted.
EFFECT OF COVID-19 ON BUSINESSES
3. Humanity is fighting the battle against Coronavirus, and, currently,
it is the fight of our greatest concern. Everything is closed down,
flights and conferences are cancelled and people are advised to stay
at their homes.
Despite the overall situation, technological innovation has made it
possible for many people to work from their homes. The distributed
system of functioning enables people to be devoted to the greater
cause of stopping the spread of Coronavirus and to simultaneously
continue with an uninterrupted contribution to the company. This
is crucial for both financial and psychological performances
affected by virus disruption.
4. A certain set of internal and external factors is a prerequisite of
your business success. While internal factors are mainly under your
control, the external factors, such as the COVID-19 disaster
outbreak, leave you just one option - to adapt. Today, more than
ever, we rely on technology innovations to help us maintain the
quality of performance and sustain the remote working model. The
corporate world has become aware that cloud technology is its
biggest partner in times of crisis already mitigating the pandemic
reality. While it is really challenging to engage employees online,
and only online, cloud offerings have the capacity to replace a great
range of on-site interaction regardless of the employee’s location.
The mobile workforce requires support increasingly, so we are
facing the opportunity for creating even more innovations in the
current situation. Moving towards this goal, it is important to think
in terms of cloud technology.
5. Computing power, once the province of large organisations that
owned mighty mainframes and in-house servers, is rapidly shifting
to the cloud. Businesses eager to trim their IT budgets and cash-
strapped start-ups in need of more computing capacity no longer
have to spend on servers and expensive hardware. Cloud
companies, with their network of data centres, deliver these
services over the internet. Along with global leaders Amazon,
Microsoft and Google, local players, nudged by the idea of a Digital
India, are staking a claim to this lucrative market. And with
providers proving they can better secure data against hackers, more
and more CIOs are shunning their costly packaged software and IT
maintenance contracts in favour of cloud-delivered services.
Industries that are leveraging cloud computing:
1. Automotive Industry
The automotive companies create an operating system, cloud
indigenous applications, the internet of things, devising wide-
ranging software development methodology which has the power
to transform it into a global powerhouse with the help of cloud
computing platforms. For example, the world’s second-largest car,
manufacturer company Volkswagen uses the open source cloud
computing platform to build a private cloud to host websites for its
brand like Porsche, Audi, VW. Volkswagen is one of the many
automotive companies that are leveraging transformational
technologies for a digital future.
RETAIN & INCREASE PRODUCTIVITY
WITH CLOUD COMPUTING
6. 2. Entertainment Industry
Scalable resources are provided by cloud computing. This
characteristic of cloud computing offers you with a power to only
pay for the computing resources you use. With the help of this
feature, you can easily supervise projection without making any
investments. For example, Netflix leverages scalable usage of cloud
computing to its advantage. Netflix faces large surges in server load
at peak times due to its on-demand streaming services. The
migration to the cloud helped the company to expand its customer
base without investing in costly setups. This is how cloud
computing is being leveraged by the entertainment industry which
is the very big reason for its success.
3. Retail Industry
The retailers buy products to sell to the consumers who buy them
for their personal use and not for making a profit out of it. The
retailers buy the products in bulk from the wholesalers and then
add their margin and further sell it to consumers. The cloud
computing provides benefits like scalability, reduced cost, lesser
time and flexibility, access to large amount of stored data from
anywhere and anytime, segmented market, improved and
maintained relationship with customers, tracking the current trends
of customers behaviour and purchasing patterns towards various
brands, reducing cost and targeting the right customer etc.
It saves the retailers from maintaining expensive hardware systems
because the hardware equipment and software applications are
located on servers in large data centers. This feature helps the
retailers to carry on their business even with a low budget and with
the latest technologies. It helps in analysing a large volume of sales
data and in real-time inventory management.
7. 4. Education
The education industry deals with tight funding situations and this
problem can be directly alleviated by cloud computing. To provide
the best education it is important for the schools to have the access
to the latest technology, and this is achieved with the help of
RapidScale’s cloud. This helps the students to access all the
information they need from one place and even the teachers can
easily distribute assignments. It also provides security to the
students as very sensitive information is collected by the school.
5. Healthcare
Cloud healthcare solutions ensure that it is an easy and reliable
transition which has been a fear of the healthcare industry in the
past. It helps doctors to easily stay connected to their patients
which improves collaboration with each other. It provides solutions
compliant with various healthcare regulations, including HIPAA. The
simple tasks like making referrals and completing patient history
can be done in no time using cloud computing. These tasks used
to be a hassle earlier. This helps in focusing their complete
attention towards the patient.
6. Banking
In banking sector cloud computing helps in inventing new ways of
lending, new ways of saving, banking of remote populations,
lowering banking costs, banking of par populations and new ways
of making payments. In the banking industry, two trends have been
driving cloud computing.
The first is adopting of cloud by traditional banking institutions for
back-office and selected customer operations. The second is
Fintech who regularly use cloud-based services to complete in key
banking products.
8. 7. Manufacturing
Using cloud computing in an industry is not an option but an
opportunity. Using cloud computing you can synchronize data from
multiple sources into a single dashboard, which relieves executives
from the burden of manually transferring data from one system to
another. It also helps in synchronization of data by defining a single
point as a source of information and allowing access to it via the
internet. Cloud is a flexible and convenient choice as it comes with
platform, service, and infrastructure.
8. Financial Industry
The most important concern of the financial industry was security,
but with the use of cloud computing the financial industry has
gained victory over it. It offers you with Tier 3, class 1 data,
encrypted information and limited access credentials for the
confidential data. This helps the financial institutions to complete
their everyday task with ease like customer interaction and billing.
Cloud computing has reinvented the way the financial world
functions.
9. Production Industry
In the production industry companies need to manage diverse
location and supply chains that require large, obscure database
applications. The cloud that permits the companies to unite
anywhere and supply essential information to influence each
location is RapidScale. It slashes the operational cost which is
incurred by a company in maintaining a range of locations helps to
eliminate enormous capital expenses. It is affordable and
dependable and is exceedingly accessible services at the time of
need.
9. 10. Non-profit Industry
These industries run a company on a limited budget, so it becomes
difficult for them to spend money on the latest technology. But
cloud computing has helped them with this problem. Using cloud
computing Non-profit industries can use the most advanced
computing solutions while staying within their budget. It helps the
industry to stay on the same playing field as a larger enterprise.
Cloud computing provides a scalable and elastic way to support
business operations from remote locations and unprecedented data
computation and storage capabilities form the foundation of the
industry. Cloud computing offers various features to the industries
like scaling your needs without the hardware headaches, reduce
innovation costs, use the right machine for the job, draw insights
from data where it lives, simplify your operations.
If you need a cloud solution for your organization, do get in
touch.
10.
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Email: puranjoy@peetel.com | Contact: 9830056960
Website: http://peetel.com/
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