While their reasons are different, businesses all over the world are turning to the cloud. Why is this the case? This article will explore the benefits of a cloud database.
There are many industries out there with strict compliance rules. For instance, accounting is one of those industries. Accounting firms must follow the Sarbanes-Oxley Act of 2002 (SOX). This law regulates financial disclosures from accounting firms. A cloud database makes industry compliance across all industries (not just accounting) much easier.
Switching to a cloud database can save your business a lot of money. The cloud allows you to only pay for what you need. The majority of cloud computing services are pay as you go. Do you remember old cable television services? You couldn’t order a la carte. Every package came bundled with ESPN and the Disney Channel, and those costs were reflected in your bill. Cloud computing is the opposite of that. You select only what you need, and you don’t have to pay for anything else.
Mobile Device Compatibility
The average employee uses 2.3 devices to do their job. Amazingly, 14% of employees use 6 or more devices to complete company tasks. Six is a bit beyond the pale. Yet, it’s true that the modern employee may use a tablet or smartphone to do work-related assignments. A cloud database allows employees to access company data on various devices. This is a huge boon for productivity.
Have you heard of the idiom “knowledge is power?” Some marketers have updated that age-old idiom into the phrase “data is money.” It means there’s a treasure trove of valuable information about your customers just waiting to be unearthed, and you can use this information to increase your sales. Here’s a practical example. Some of your customers may be adding items to their cart and not buying them. These customers may be more price sensitive than others. You can target these customers with limited-time discounts or free shipping on orders.
Time is so incredibly valuable in this world. Most people don’t change their own oil, even though there are instructional videos on YouTube. That’s because they would rather spend their time doing something else. The same concept applies to a cloud database. Monitoring a cloud database makes the time investment for an oil change look paltry. That’s why companies often outsource to professionals with knowledge and know-how. Professionals can handle things like the MongoDB serverless platform, Linux, or even automatic Windows 10 software updates.
Many businesses don’t recover from catastrophic data loss. As a matter of fact, 58% of small businesses are not even prepared for data loss. A cloud database and good data recovery software protects your valuable data and shields your business from an emergency such as theft or a natural disaster.
Database Consolidation- Many companies find that moving to the cloud allows them to combine and consolidate their databases. Companies have so much data. A cloud database helps you trim down, allowing you to keep only what you need.
Many companies aren’t sure if they should take the plunge on a cloud database. You definitely should. Hopefully, this article clearly showed you the advantages of a cloud database for your business.