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Technologies like artificial intelligence, machine learning, big data, and IoT have given rise to new and improved ways of handling business operations, thus rendering the old business practices ineffective. Traditional enterprises are now facing a need to revamp their legacy business process to suit the needs of the modern consumer. While digital transformation is the key to achieving this change, cloud solutions are the support system behind enablement of this transformation.
To ensure that a digital transformation strategy is foolproof, a company needs to re-check its business processes multiple times. Cloud computing saves firms from the hassle of investing in varying IT resources by providing the required computing resources, infrastructure, and platforms on the go. Coupled with the aspect of flexibility, the cloud offers a scalable service model wherein a company only pays as per their business usage. This approach not only saves the capital expenditure of buying and managing IT infrastructure but also helps companies to effectively scale their resources based on requirements.
Then again, if the database is stored in-house then it constantly faces the risk of losing critical information due to data breaches or unexpected system shutdown. In such cases, one can easily create multiple backups of the data, thus lessening the risk.
Above all, digital transformation requires a company to adapt to a culture of innovation and creativity and leave the old hierarchical chain of commands. Cloud allows files to be accessed from any place and at any time—helping create an atmosphere of collaboration and teamwork in the company.