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The cloud, cloud computing, SaaS…like it or not, we hear these
terms mentioned incessantly in the technology and business
world. And for a good reason – the benefits of cloud computing
are vast.
Businesses around the globe are facing fierce competition – no
matter the country, industry, or customer. Digitalization,
sophisticated consumers with increasing demands, and lower
margins are causing organizations to adapt their businesses,
products, and services in response.
These companies are looking high and low for new growth
opportunities, better business models, cost-cutting options, and
increased efficiencies in ways that standardize and simply their
businesses from one end to the other.

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The whitepaper The Cloud: When & Why from Success Factors,
an SAP company, summed up the biggest benefits of cloud
computing perfectly below:

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1. Speed
With cloud deployments, capacity and location planning are no
longer in the hands of the customer, but are the responsibility of
the cloud vendor.
This allows companies to respond quickly to any business changes
that may arise unexpectedly because operations are handled by
the cloud vendors.

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2. Simplicity
Users access cloud applications on standard web browsers
anytime, anywhere.
Using web style user interfaces, like that of eBay or Yahoo,
allows for more widespread adoption across the company
without the need for detailed training.

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3. Lower Risks
With a pay-as-you-go, subscription-based cost structure,
cloud services require a lower initial investment and typically
much lower overall costs than on-premise.
In addition, cloud solutions provide an “easy out” if the
customer is dissatisfied with the product.
Therefore, the business risk is in the hands of the cloud
vendor and not the company itself.

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4. Time Value
Time to value with cloud solutions is significantly lower than
with on-premise applications.
A “go live” for cloud solutions takes typically 2-3 quarters,
whereas on-premise solutions require 2-3 years to implement.
Not only is implementation time reduced, but the IT resources
required to roll-out cloud solutions are much less.

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