How Does Cloud Computing Reduce Your IT Costs?
Thinking about migrating to the cloud? There are so many reasons to do that – it’s more secure than the traditional computing system, enables users to be mobile and the systems to be available whenever needed and many more.. But one of the most important reasons is that the cloud can be a great financial saver. How does it help businesses to reduce the cost and to make them more profitable? Here are the 5 main ways:
1. Fully Hardware Utilization
The practicalities of cloud computing mean high utilization of hardware resources depending upon the workloads. Your workload will share server infrastructure with other organization’s computing requirements. This will automatically lower your costs.
2. No Capital Investment Cost
Having an on premise server and computers powerful and developed enough to support the in-house server means a high up-front capital cost. On top of it, running your on premise servers, the overall costs of maintenance and management are also quite high. But in the world of cloud-computing, all these IT infrastructure needs will be taken care by your cloud service provider MapX for a fixed cost allow you to invest the mentioned upfront cost into the growth of your business.
3. Lower Workforce
The staffing budget is usually comes as the main expenditure item on your cash flow analysis table. Talented IT stuff are expensive with the extra addition expenditure like benefits and recruiting costs. However, when you migrate to the cloud environment, MapX deals with all your IT related services and the cost is usually included in the fixed price. This allows you to deploy your IT staff to other areas of business such as R&D.
4. Lower power costs
In cloud computing, technologically developed, professional data centres are used to manage your IT environment. This causes cloud computing system to use less electricity – better hardware utilization means more efficient power use. However, you run your own data centre, your servers may not be utilized fully and that may unfortunately add up to the bottom line.
Having your own servers brings the necessity to buy extra hardware in order to prevent the loss from system failure or crash and you use those extra servers in case of a technical disaster only which means extra unutilized cost. Instead, when you move to cloud, your service provider deal with the redundancy requirement. Typical clouds have at least 2 locations for their data centres, and they duplicate your data and applications across them. On top of it, with MapX Systems, you are only charged for that extra location in case there is a failure and the second server is needed to be used.