Do you have a cloud migration strategy for your startup? You should. Migrating to the cloud makes sense and cents. Not only does it cut down on operating costs, but it also eliminates the need for server maintenance. This frees up staff to focus on tasks that contribute to the bottom line. Businesses that move to the cloud are more agile and effective since they can scale IT infrastructure on demand.
Here are some of the benefits of cloud migration for startups:
Startups need less capital to set up shop since they don’t have to invest in IT hardware. They also save money on IT staff, maintenance, energy and cooling, upgrades, on-site storage, etc. Startups only incur the monthly costs charged by the cloud provider.
With a cloud presence, it’s possible to scale up and scale down resources as the need arises. For example, if you’re running a promotion, you expect a spike in traffic to your website. You can scale up resources to accommodate the increased demand, so your website won’t crash. You can scale back after the promo is over. This means you won’t have to pay for unused resources.
3. Test and Fail Faster
Startups are all about releasing new products into the market as fast as possible to figure out whether they’re viable. The cloud allows startups to build and scale products much faster. The faster they do this, the faster they fail. And the faster they fail, the better they get at understanding customer needs. They can, then, pivot to serve their customers better. Eventually, they’ll find a business model that works.
4. Access Anywhere
The cloud gives startups unmatched flexibility. Customers and staff can access cloud resources across a wide variety of devices from anywhere. All they need is an Internet connection. Startups usually don’t have the resources to rent space to set up servers. The cloud gives them an easy way out since they can run the business from anywhere, even a coffee shop.
The cloud is also a great tool for outsourcing and collaboration. Startups can hire talent from across the globe and work seamlessly toward a common goal. Allowing employees to work from home is also a great incentive to get them to stick with the company in its nascent stages.
Cloud providers usually have an uptime guarantee in their SLAs. Most times, you’ll get an uptime guarantee of 99.9%. This means startups are unlikely to experience downtimes because of power outages, Internet connection problems, or equipment failure. The cloud provider handles all this.
Cloud providers usually back up data in other locations to provide their customers with redundancy. Should there be a problem in one location, the provider diverts traffic to another location.
The cloud gives startups a chance to compete with bigger players in the market. It allows them to set up and scale their businesses at a very minimal cost. They can also take advantage of opportunities that arise since they don’t need to invest heavily in hardware and support staff.