6 Industries Making the Most of the Cloud

Industries Using Cloud Computing

When the cloud first became a blip on the public’s radar, there were many theories about how it would be employed and by whom. Today, it’s benefiting organizations in every industry, of every size. The cloud is making it easier for small businesses to effectively compete by eliminating the need for expensive hardware, allowing them to go toe-to-toe with industry giants. But it’s also helping these large organizations, who face uncertainty regarding shrinking and expanding business cycles and the constant threat of industry disruptions. The cloud allows them to stay current by offering the flexibility and scalability they need to survive. Let’s look at six other types of organizations and individuals that are reaping the benefits of the cloud.

1. Healthcare, Government, and Financial Institutions

Industries that must adhere to strict guidelines and regulations were initially slow to move to the cloud due to the sensitivity of their data. But that’s all changing. The rise of private, virtual private, and hybrid clouds has given these organizations more confidence in cloud security. In addition, the cloud is now helping these organizations remain compliant within their industry. Regulations are constantly evolving, and the cloud allows them to remain agile to meet compliance. Cloud providers offer HIPAA for healthcare, CJIS for government, PCI for finance, and more.

2. Sales and Marketing Professionals, Web Developers, and Stock Market Traders

Data drives decision making in various industries, and on-premise analytical tools were often tedious and complicated (requiring manual spreadsheet entry and using outdated printouts). Today, the cloud has become a lucrative tool by delivering instant analytics and real-time reporting. Cloud platforms now allow data aggregation from a variety of sources, including websites and social media, across a range of devices—without latency or major costs. For developers and traders, the cloud offers up-to-the-minute reporting and notifications. Wall Street fortunes can be lost in an instant, and this type of real-time data can give stock brokers the edge they need.

3. Educators and Students

Gone are the days of tapes, disks and bad connections. The cloud has been instrumental in revolutionizing online learning; enabling higher education institutions and schools to offer face-to-face instruction in a virtual environment to a student base across the globe. Real-time instruction can enhance student-teacher collaboration, leading to a more engaging experience. If an institution has limited faculty or content resources, the cloud helps them deliver instruction more efficiently based on what they have at their disposal. The cloud also saves schools (and students) money on textbooks. The average high school textbook is over 10 years old, significantly dating it, and schools are hesitant to spend their limited budgets on hundreds of new books. With cloud-based material, content can be updated in real-time to give students constant access to the latest learning resources. University students who must buy textbooks also save considerable money each semester, receiving the most current content at a more reasonable cost.

4. Hospitality

To avoid spending too much on equipment that quickly becomes inadequate, the hospitality industry has always lacked a robust, and scalable solution. That’s why today, many in the industry still run on antiquated IT and Database Management Systems which has enabled aggregator sites like Hotels.com, Expedia, and Travelocity to eat away at margins. Not only is the cloud helping hoteliers compete with these sites, it’s improving staff collaboration, which in turn, improve the guest experience by tending to their needs quicker.

5. Tech Startups

With the cloud offering quick deployment of new servers and individual environments for testing, staging, and release, it’s almost a given that a tech startup would select cloud integration. Cloud technology also offers scalability, which is a huge plus for startups facing an unpredictable future. And, despite initial set-up costs, “pay-as-you-go” subscription-based models work better for a startup that typically has a tighter budget.

6. Global Workforces

On-site servers are costly to maintain, and the expenses multiply when an organization operates in several locations. Businesses pay not only for the hardware, but also for the real estate to house it. And, communication and document-sharing between multiple worksites can be ineffective or downright difficult without the cloud. The cloud offers seamless integration between offices through file-sharing across any device, so employees no longer need a specific device to collaborate on projects. Whether they’re working from a laptop, tablet, or smartphone—in a branch in Florida, France, or Fiji—the cloud makes it possible to quickly join and collaborate within a business’s network.

The impact of the cloud can be felt throughout all organizations and can help individuals and teams just about everywhere. If you’re thinking about making the move, or would like more information about how the cloud can benefit you, reach out to one of the experts at DSM today.

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