Cloud Computing Has/Have Helped Firms to Concentrate on Their Core Business

Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.

Cloud computing is a rapidly growing industry

The global cloud computing market is projected to grow from $482 billion in 2022 to $1,376 billion by 2029, exhibiting a CAGR of 14.3% during the forecast period.

Cloud computing offers a number of benefits to businesses

Cloud computing can help businesses to:

Reduce costs

Increase flexibility

Improve scalability

Concentrate on their core business

Benefits of Cloud Computing for Businesses

Benefit	Description
Reduced costs	Cloud computing can help businesses to reduce costs by eliminating the need for upfront capital investments in hardware, software, and IT infrastructure.
Increased flexibility	Cloud computing can help businesses to increase flexibility by providing them with the ability to scale their IT resources up or down as needed.
Improved scalability	Cloud computing can help businesses to improve scalability by providing them with the ability to quickly and easily add or remove IT resources as needed.
Concentrate on their core business	Cloud computing can help businesses to concentrate on their core business by freeing them from the need to manage their IT infrastructure.

Success Stories

Dropbox

Dropbox is a cloud-based file sharing and storage service that has helped businesses to:

Reduce costs by eliminating the need for on-premises file servers.

Increase flexibility by allowing employees to access files from anywhere, on any device.

Improve scalability by providing the ability to quickly and easily add or remove storage space as needed.

Concentrate on their core business by freeing them from the need to manage their IT infrastructure.

Salesforce

Salesforce is a cloud-based CRM platform that has helped businesses to:

- Increase sales by providing them with the tools they need to track leads, manage customer relationships, and close deals.

Improve customer service by providing them with the ability to resolve customer issues quickly and efficiently.

Reduce costs by eliminating the need for on-premises CRM software.

Concentrate on their core business by freeing them from the need to manage their IT infrastructure.

Workday

Workday is a cloud-based human capital management platform that has helped businesses to:

Improve HR efficiency by automating HR processes, such as payroll, time tracking, and benefits management.

Reduce costs by eliminating the need for on-premises HR software.

Concentrate on their core business by freeing them from the need to manage their IT infrastructure.

Cloud Computing Has/Have Helped Firms to Concentrate on Their Core Business