All rights reserved. There are many benefits to Cloud Computing that can give your business an advantage. You’re probably thinking, “I can’t believe I used to leave the house to get movies.” That is probably because you are usually deep into building your list of movies on Netflix. The importance of competitive advantage to cloud deployment decisions was underscored by a recent survey by 451 Research underwritten by Microsoft. People could watch programming while waiting for another DVD to arrive in the mail. Cloud Computing with RedNight From storage space … Netflix utilized IAAS to host its content and deliver it to their customers. Cloud computing is not necessarily cheaper than other forms of computing, just as renting is not always cheaper than buying in … This switch to OPEX offers huge competitive advantages over those businesses who aren’t making use of available cloud services. Whatever the size of your business, it allows you to compete within any market. Find (and Hold on to) Better Talent with Cloud Apps. Test drive your preferred software for 30 days, risk free. Based on the adoption number above, moving to the cloud must provide advantages aside from financial benefits and, if you want your small business to remain competitive, you might want to give them serious consideration. How Adopting Hybrid Cloud Facilitates a Competitive Advantage. Here, are important benefits for using Cloud computing in your organization: Cloud Computing Cost Savings. Explore multiple levels of flexibility. Those losses trickle down to policyholders who absorb some of that risk in policy rate increases. They avoided spending all of their hard earned money on building their global content delivery infrastructure. It is the competitive advantage that allows you to focus on the most crucial parts of your business. The cloud has grown to fit any technical needs you might have. Apple had recently partnered up … A fully managed global cloud takes away the burden of running and maintaining infrastructure and replaces it with fast access to compute capacity to quickly innovate and establish footprints in countries around the world and expand your customer reach. Netflix used Infrastructure-as-a-Service, or IaaS, to host its information through offsite servers and use their data storage. Is it the timeline from idea inception to launch? These pacesetters are re-inventing customer relationships, using analytics extensively to derive insights from big data, sharing data seamlessly, and making data-driven and evidence-based decisions. 2 Cloud Computing for Competitive Advantage Many businesses and organizations use specific cloud technologies to gain competitive advantage. Cloud computing allows employees to be more flexible in their work practices. Discover how cloud computing can help you create new customer value; connect apps, data and services in new ways, and optimize for agility and economics. Test drive your preferred software for 30 days, risk free. This gave Netflix a huge advantage on the market. Instead, organizations are looking at increasingly competitive and convenient cloud-based options with on-demand pricing and fit-for-purpose data processing options." November 5, 2013 | Written by: Staff Writer. New ways to maximize the advantages of cloud computing seem to emerge every day, and it's clear that the organizations embracing the cloud are sprinting ahead of the competition with regard to key, ROI-boosting strategies, according to a survey from the IBM Center for Applied Insights. How Cloud Computing Can Make You Competitive, 5 Misconceptions About the Cloud Discussed. Facebook Twitter Pinterest. Advantages of Cloud Computing. Auto insurance fraud costs companies billions of dollars every year. Disaster recovery keeps data safe. In fact, the real estate industry is on the move. Cloud software and SaaS applications (software as a service platforms) make working as a synchronised team easier and more accessible than ever. Netflix brought something new to video and was able to change the very way we watch TV and movies. You have an amazing idea that’s really exciting. The difference is that by using a fully managed cloud, Drivewyze can deploy their solution across an entire state in six weeks, while their competition, using standard hardware, takes six weeks to deploy a single weigh station. Thélem assurances, a French property and casualty insurer whose motto is “Thélem innovates for you”, has launched an artificial intelligence program, prioritizing a fraud detection use case as its […], Digitization does not stop at the proverbial concrete gold — real estate. So what happened to Blockbuster? Cloud Computing as a sustaining or a disruptive technology Van Der Burgt Jan 2 PERMISSION I declare that the content of this Masters Dissertation may be consulted and/or reproduced, Viewing was quick and convenient. Not taking advantage of it only makes you miss out on the growth opportunities. That’s what I call shaking up the status quo. I’m not talking about that cool new action movie you just watched last weekend. The study found that companies who have deployed cloud broadly are gaining competitive advantage over their rivals that have not in ways that matter. Efficiency / cost reduction. They made movies available to stream online as well as providing a mail service to distribute DVDs to their subscribers. More than 800 cloud decision makers and users were surveyed, and then grouped based on their level of cloud adoption. Meanwhile, your pacesetting competition has already been in the market for six months. With cloud computing, Netflix was able to not only penetrate a huge market but also win a huge portion of the video rental market. 81 PERCENT OF US BUSINESSES CITE CLOUD COMPUTING AS A COMPETITIVE ADVANTAGE OVER RIVALS NetSuite Study Reveals the Top Drivers Motivating Organisations to Transform Their Businesses When was the last time you saw a Blockbuster? The goals of gaining Competitive Advantage from Cloud Computing are realized in unexpected areas including advanced customer relationships driven by big data analytics, precise business decision making from cloud decision support systems, and enhanced business collaborations. Cloud computing is a competitive advantage. In fact, whether you know it or not, you are already benefiting from the cloud. However, the cloud is a lot more than meets the eye. Netflix utilized cloud computing to revolutionize the way entertainment was distributed and consumed. Many major companies, like Verizon, Netflix, etc. And there’s another advantage: The wealth of information collected through a cloud-based system can give you broad organizational insights and a distinct advantage over your competition. It gives your company the power to perform in a way it couldn’t before. Dutta and Thornhill (2008) conceptualized … Cost saving is the biggest benefit of cloud computing. Scare resources like IT infrastructure are now a problem that could be easily overcome by any business. You think about all the details required to make it real. Not taking advantage of it only makes you miss out on the growth opportunities. Want the advantage of secure, reliable cloud computing? Further information available at Competitive Advantage from Cloud Computing. Cloud computing has changed the way business works and it has become a necessity to compete. Security: Many organizations have security concerns when it comes to adopting a cloud-computing … Flexibility covers a wide array of solutions. Cloud computing is an incredibly powerful tool for your business. The hybrid cloud model describes the use of at least one private and one public cloud. ©Copyright 2019, Trapp Technology, Inc. "The advantage of cloud computing is that you have various commercial models of managing costs; you can pay as a service, you can pay as you go, or pay as you scale," Dutta says. This makes information easily accessible by your company at any remote location with Internet connection. The Competitive Advantages of Cloud Computing. So how did they do it? You’re watching it every night. They were able to quickly have the technology to run their business at a great price and effectively won the competition. Storage options. French insurer teams with IBM Services to develop fraud detection solution, Cloud innovation in real estate: Apleona and IBM rely on new technologies, Innovate with Enterprise Design Thinking in the IBM Garage, Five examples of B2B integration using IBM SmartCloud, How I convinced my imaginary friend that cloud is cheaper. With a little strategic planning, the cloud can elevate your operations and strengthen your road to business success. There is a need to assess what tasks and activities take away from developing new business models, creating new products and services, and mining for new insights. With a connected set of mobile solutions that are more accessible to small and midsize businesses, the Cloud has enabled SMB to contribute to a better work-life balance without productivity taking a hit. If you’re using a traditional IT process, you need to gather requirements from stakeholders, build a business case, get approval, procure hardware, software, storage, then develop, test and finally deploy into production. Take, for example, Apleona GmbH, one of Europe’s largest real […], We’ve all been there. Greater Flexibility. For example, you have the ability to access data from home, on holiday, or via the commute to and from work (providing you have an internet connection). News & Blog IBT. But, once you get to the seventh action item, you’re not so excited anymore. Almost by definition, shaking things up requires commitment and action to do things differently. Most importantly, pacesetters are growing revenue and gross profit faster than other organizations. Cloud computing advantages and disadvantages. Truong (2010) introduces cloud computing resource-based model for small businesses to gain competitive advantage. Businesses of all sizes should be investing in robust disaster … How did the cloud give Netflix the power to take down Blockbuster? I’m talking about the video rental store you used to visit whenever you needed your entertainment fix. Sometimes when we realize the […]. I don’t think I’ll ever need to use it. Companies are realizing the benefits of digital transformation and are capitalizing on the power of new technologies such as cloud, AI and blockchain. The cloud has changed competition between businesses. The driver then receives a message—either approval to bypass or enter the weigh station. Sounds like a unique solution; however, Brian Mofford, vice president of technology at Drivewyze participated in a client panel at the IBM Cloud Innovation Forum, and he said that there is another company that also offers weigh station bypass technology. Don’t let your competitors make you obsolete. By using cloud infrastructure, you don't have to spend huge amounts of … Maybe it’s a home improvement project, or perhaps it’s a new business idea. Users can choose public, private or hybrid storage offerings, depending on security … Analysts say those companies that have been among the first to migrate big data to the public cloud have been experiencing advantages. The study also states  that “for leading organizations cloud provides an escape route from the status quo.” This made me think of  Drivewyze, a Canadian start-up with operations across North America that developed a mobile weigh station bypass solution for trucking companies. Related Articles: How Cloud Computing Can Make You Competitive; The Cloud Goes Beyond Cost Savings The solution Drivewyze PreClear uses advanced analytics of the driver’s record, the type of freight being carried and links with local law enforcement. These pacesetters are re-inventing customer relationships, using analytics extensively to derive insights from big data, sharing data seamlessly, and making data-driven and evidence-based decisions.
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