Has Covid-19 Increased the Adoption of Cloud Network Technologies?

cloud network technologies?

“Digital transformation” has been a buzzword over the last few years. With small and medium businesses as well as large enterprises moving operations to cloud network technologies and adopting online productivity and collaboration services.

The lockdown and remote work necessitated by the Covid-19 pandemic created an unexpected change for organisations of all sizes. The world has been turned upside down by restrictions imposed by the pandemic. With industries such as tourism and hospitality going bankrupt and many businesses facing survival challenges.

Because of the uncertainty of the times and the likely realities of the “new normal.” More and more organizations are now charting the course for their journeys toward cloud computing and digital transformation.

The current situation of the COVID-19 pandemic has compelled people to work from their homes. But they have to communicate, collaborate online. Thus, we see an essential role of cloud computing in taking up the challenge of working from home and delivering efficiently.

Why did Covid-19 accelerate the adoption of cloud network technologies?

 

In this sense, the global health crisis has served as a de facto catalyst for establishing the value and flexibility of cloud network technologies (once again) and led to accelerated adoption.

This global health crisis has proven to be an opportunity for the cloud market. With a notable surge in cloud adoption across different industries around the world.

According to some experts, global end-user spending on public cloud services is expected to grow in 2022 to billions of dollars in the wake of the Covid-19 crisis.

Business resilience

Much of the conversation about cloud computing in the past has been about modern infrastructure for faster innovation, faster time to market, and cost optimization. However, the pandemic has brought factors like flexible computing power, high availability, disaster recovery, lower cost for backup and disaster recovery.

Additionally, resilient core for business process and business continuity, legacy skill risk, remote workforce management, safe return to the workplace, and business agility into focus to allow for resilient business functions.

Evolution of business operations

In many cases, business operations have also pivoted for the socially distanced era. As a result of increased demand for e-learning,  robotics, composite artificial intelligence (AI), augmented reality (AR) and virtual reality, digital payments, etc. There’s been an exponential escalation in the e-commerce industry as more people shifted to shopping online. As well as in video-streaming services, with more people staying home. This has led traditional retailers and brick-and-mortar stores to turn to online ordering, door pickup, and home deliveries to retain their customer base.

Remote Working

The pandemic and remote work scenarios have highlighted the dynamism of the cloud, enabling business continuity through remote workforce and seamless online collaboration.

Accelerated investments for public sector

Often slow in any transition, government departments and other agencies are now showing renewed interest in adopting cloud computing to serve individuals in an age of remoteness and social distancing.

What are the challenges of accelerated cloud adoption?

 
  • Finding skilled talent: IT administrators often prefer to settle for the status quo, achieved through a perceived balance between cost/complexity and business value. 
  • Compliance and security: Cloud computing presents certain risks and challenges, and service providers must address these concerns before organisations embark on such a journey. These include unique pricing and cost models, migration challenges, and compliance and security concerns. The pandemic exacerbated compliance and security issues due to the rapid implementation of cloud-based services in response to lockdown restrictions.
  • Relevant new operating models and business strategies: Even after the pandemic, the shared experience of this period will set up the cloud as a strategic tool for providing an agile platform to develop solutions faster with no capital expenditure (CAPEX) for IT infrastructure. 

By opting for cloud system software businesses can fight the inconvenience brought about by this scenario. They can communicate, delegate and monitor all work. Also ensure the safety of their team by being confined at homes. Thus, even in this time of great turmoil, businesses can keep a track of accounting and compliance.

Benefits of using cloud network technologies

Cloud network technologies are a convenient tool where the application is hosted by a service provider. This curtails the problem of installation and maintenance of software. An automated cloud system software has humongous benefits for all companies:

  • Universal Accessibility: If you wish to view and access your data, track your cash flow, expenses, sales, etc. anytime and from anywhere. Then opt for Cloud system software. This technology makes it possible for you to view your real-time data and access everything without any hassles. 
  • Work Smarter and Faster: Bookkeeping has some of the most mundane, monotonous, and tiring accounting tasks. Those who deal with are fed up with everyday billing, invoicing, and transaction reconciliations. Automated cloud system software gives relief from all these and also ensures that you can do it with perfect accuracy. 
  • Hassle-Free Data Storage & Backup: Biggest benefit derived from automated cloud system software is that you are freed from all the problems of storing and backing-up data. The small businesses that made the smart move of deployment of high quality. But low-cost cloud system software are not impacted by their employees staying at home. They can run smoothly and make strategies as to how to weather the storm in these tough times.
  • Secured Privacy & Data: As cloud system software gives you unique role-based access control, there is no need to fret over data leaks or privacy breaches. The AI-aided smart business tools further simplify compliance.

Sonas’ Cloud-based Reconciliation Software

Sonas is one of the many businesses providing a cloud-based software. Countless businesses have adopted the use of the cloud due to the convenience, effectiveness, and cost. The pandemic has vastly accelerated this process of moving to a cloud-based software. 

We enter a new era of data reconciliation, Sonas cloud-based reconciliation systems will reduce your infrastructure costs. Further, with the ability to combine multiple work streams and increase flexibility, whilst maintaining the highest levels of security.

Previous manual intensive reconciliation processes are revolutionised as data is reconciled in real-time. Due to the cloud-based system with flexible access wherever there is data connectivity. Overall, increasing the efficiency of the reconciliation process and significantly reduces overheads.