How do Enterprise's Benefit from the Cloud?
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How do Enterprise's Benefit from the Cloud?

By Manufacturing Technology Insights | Friday, November 08, 2019

One notable advantage of switching to the cloud is the subscription-based pricing model. The model gives the customer an option to make a substantial upfront investment by choosing whether to revamp the contract after the initial term.

FREMONT, CA: In today’s digital economy, swiftly capturing and translating information into valuable insights is a vital aspect of a business. For most companies, this presents a challenge, both logistically and financially.

Below are a few solutions that concern the plight of the organizations.

Leverage Paramount Practices from Market Data

Transitioning to cloud software brings with it many advantages, one includes the capability to obtain information in real-time. Being able to make business decisions swiftly based on accurate data can radically increase a company’s success and competitive edge.

One instance involves a particular company that rides on the strength of over 3,500 dealers and more than 400 field sales personnel. However, non-integrated front-office services were causing significant data lag and dealer dissatisfaction. To rectify the problem, the enterprise set out to digitize its front-office operations. With a cloud platform, the company brought in a comprehensive portal, which provides dealers and sales workers with precise, real-time transparency into processes.

Accelerate the Implementation of Innovations while Reducing Upgrade Efforts

As the service providers host cloud technology, automatic updates are integrated without the delays that intermittently occur with conventional on-premises software. Agility and suppleness improve enterprise competence and create quicker turnaround times for customers.

One Munich-based robotics startup after attaining rapid growth in a short time wanted to overcome significant IT and process intricacies to keep its operations as agile as possible. By employing a cloud, ERP solution exclusively designed for fast-growth businesses could quickly innovate and react to customer demands in an agile way. Additionally, technology-enabled the company to mechanize a variety of processes to promptly improve, produces, and deliver products that enhances people’s lives and help the world run better.

Migrate Current Data into a Robust Cloud Platform

When making the shift to cloud, most businesses are uncertain due to a perceived lack of resources and time required to migrate an entire complex infrastructure. However, the actuality is that cloud adoption enhances operational speed, cost efficiency, and simplicity at a faster rate than conventional on-premises solutions.

Companies can now migrate all of their existing on-premises applications to the cloud. At present, businesses can track customer orders using geoprocessing, integrating with banks in real-time and saving signatures digitally for compliance purposes. The approach demonstrates how investment in a cloud platform is a prime part of a successful business model as it allows for ongoing enhancements using new technologies like artificial intelligence and blockchain.

Benefit from Subscription-Based Pricing

One notable advantage of switching to the cloud is the subscription-based pricing model. The model gives the customer an option to make a substantial upfront investment by choosing whether to revamp the contract after the initial term. The approach generates a higher ROI through a quicker time to value and a predictable cost over time.

Along with cost savings, the subscription model facilities for agility during the decision-making process. Whether a business chooses to renew the cloud subscription or pursue an alternating strategy, the model offers the aptitude to make timely business decisions that are paramount for the company.

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