In our most recent blog, we touched on why now is a good time to cut costs by incorporating cloud computing into your IT. Here, we look at the actual ways cloud computing can save your business money. Read on to get the scoop on the four specific money-saving effects of cloud computing:
Having to recruit and train newly highered IT professionals is expensive, as is labor in general. Recent studies indicate that new-hire costs range between $4,000 and $7,500+ to fill just one job vacancy. And if you’re replacing an employee instead of hiring to fill a new position, those costs can go up to approximately 50% of the annual salary(1).
Cloud computing saves you money by storing your servers and hardware off site with a separate provider. This translates to savings as you can shift your IT professionals from managing on-site hardware to more long-term planning responsibilities or core business goals. You’ll pay your provider for their hosting services, but these costs are much lower than the salary of new IT personnel.
Cloud-based tools, apps, and computing use less energy than on-premise hardware, and the kilowatts they do consume are used more efficiently. Thus, your energy bills will be lower. According to a Salesforce.com study, a cloud-based transaction is 95% more carbon efficient than an on-premise one(2).
After you move your energy-hogging servers and other hardware off site, you’ll really notice a difference. You’ll pay your provider for their energy, but these costs are much less than tapping into your own electricity circuits.
Far too often, organizations buy bundles of products and services that include more than they need or can even use. These so-called “money-saving” bundles end up driving up their IT costs exponentially. By implementing scalable hardware, you only pay for what you actually use, so there’s no wasted money on unnecessary products or services.
Scalable hardware allows organizations to steadily add new components over time as they grow. By adding new advanced technologies, their networks can stay current as these upgrades often result in better performance and a longer life span.
With cloud computing, you don’t have to shell out big bucks up front to set it up. You’ll pay for services monthly based on what you onboard. You can plan out a budget, so you’ll know how much you’ll spend over time based on the products and services you actually use.
Also, you won’t have to worry about your technology becoming obsolete or upgrading every few months as the onus for that will be on your provider.
Every year, more and more organizations are cutting costs by moving forward with cloud-based computing, tools, and apps that put them ahead of the competition. If you haven’t yet decided how to complete your IT platform by investing in the cloud, we can help. Contact us today, and Enterprise Visions technology professionals will work with you to help you leverage cloud computing to trim your IT costs.
Sources cited:
1. https://toggl.com/blog/cost-of-hiring-an-employee
2. https://www.otava.com/blog/green-it-cloud-computing-saves-time-costs-energy/