Siegel, Here Are Your Articles for Monday, August 30, 2021
Is this email not displaying correctly?
View it in your browser .
Our Website Contact Us About Us Services Tutorials Acumatica
Share Save

What Does Cloud Computing Mean to Your Business?


Companies need to evaluate whether the move to cloud computing has been beneficial. The following considerations can reveal the effects the move to the cloud may have had:

Cost. There is a lot of noise around whether the cloud is more or less expensive than in-house IT. Cost is only one aspect of what makes the cloud a good option for businesses. It has a positive impact on longer term goals like better analytics, which can drive a better client experience and greater flexibility in production. This, in turn, can lead to greater profitability over the long term.

Innovation. Quicker access to data allows companies to better respond to customer needs. For example, data on inventory can trigger the company to respond by producing a greater or lesser number of units to meet demand. It can point to the creation of new products or the discontinuation of a product that has little demand. This can be especially important in industries hardest hit by the Covid-19 pandemic.

Latency. Any delay between the client request and the cloud service provider’s response can be problematic. The problem often is caused by the internal IT department’s mistrust of cloud security. However, cloud service providers generally have strong perimeter security measures in place that negate the need for additional internal measures.

Security. Security is an issue for companies at many levels. The most important line of defense is strong internal controls. Most breaches are at the company level rather than the cloud level. Consider these statistics from a recent Varonis survey of 785 companies: 61% of companies have more than 500 users with passwords that never expire and 71% of companies have more than 5,000 stale sensitive files. But cloud providers who are concerned about security have invested heavily in making sure they have best-in-class security measures in place.

The Covid-19 pandemic has accelerated the move to embrace technology by nearly a decade in a matter of months. Although the move to the cloud may have occurred more quickly than most other business initiatives, it would have happened at some point.

Change is not always easy, but it happens anyway. When companies review these four effects, they should do so with the goals of (1) determining where the greatest benefits are for their company and (2) finding ways to build on those benefits and give the company even more of an advantage. Now is the time to consult an expert and ensure that you are doing all the right things for your business. Contact us today.

Share Save

Your Comments

Siegel Solutions Inc
Siegel Solutions Inc
(781) 487-7000
144 Gould Street Suite 205
Needham, MA 02494
Friend Me on Facebook
Follow Me on Twitter
Connect with me on LinkedIn
Saved Articles
Comments and Feedback
Refer A Friend
Your Privacy
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
Powered by
Copyright © IndustryNewsletters All rights reserved.

This email was sent to:

Mailing address: 144 Gould Street Suite 205, Needham, MA 02494