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October 11, 2022 Blog
Coronavirus or the novel covid19 has forced a lot of businesses to change their business models, has accelerated the digital transformation – faster than ever and made users accept the ‘new digital reality’. The world in a broader perspective is more uncertain than ever, new rules and regulations are introduced every 15 days depending on the number of cases, the high uncertainty requires businesses to be more agile, flexible and adaptive in their approaches, to succeed in this ‘new normal’. Cloud spending has clearly accelerated during the pandemic. Online collaboration and remote working tools, e-commerce, remote learning and content streaming hit new records, as per a report by Canalys. The report also reported the worldwide cloud infrastructure services market spend jumped roughly by 11% during the second quarter from the previous three months and 30% year over year.
While some might be thinking it’s only the big giants strolling on the advantage, that’s not the case. Majority of enterprises were already on a path to dumping their own data centers and rent computing from cloud providers, but the transition was rather slow, in most cases, one app at a time, one proof of concept at a time. The pandemic forced them to adapt faster in order to provide the best value to the users.
Managing own internet infrastructures, making adjustments to computing needs on the fly is expensive and complicated. Cloud computing makes it much easier. Here’s why small and medium businesses have a unique advantage on cloud, amid the pandemic.
Cloud has strengthened the retail industry by maximizing supply chain visibility, offering a better customer experience and facilitating efficient resource management. Bolstered the healthcare industry by providing easy access to data, data interoperability, secure EHR storage, and collaborative patient care in real-time. Empowered manufacturing industry by making the processes and every successive stage more productive, cost-effective, collaboration, and streamlined and supported the finance industry by providing scalable computing for databases, forge strong relationships with clients, improving flexibility and efficiency.
Companies quick to adapt and evolve would come out the pandemic much stronger.
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