One of the fastest growing segments of the IT industry is cloud computing. Business leaders and directors the world over have begun to see the benefits that cloud computing has to offer on nearly every level of business infrastructure. However, it’s easy to get lost in the zeitgeist of the cloud era and sign up for services that you don’t need, or to pay extra for services you use without realizing it. The key to optimizing your efficiency as a business is to implement the right cloud technology at the right price.
Upon making the decision to transition to cloud computing, there are few common mistakes that business executives are likely to make. These are not major missteps, but they will cost you in the long run, so it’s worth it to pay attention and avoid them:
In order to succeed in your quest to implement cost-effective cloud computing services, you need to know what features are important and which ones you can live without. Researching various offers from cloud providers and comparing their services is vital to making the right choice in this instance, and you’ll want to pay close attention to your productivity when pilot testing new features.
The most important element of any feature you add onto your cloud service is value. Ask yourself whether the feature in question produces more value than its cost. You may be surprised by the answers you receive, finding that you what you believed was greater efficiency only cost more money in the long run. Some of your processes may generate more value by being implemented on-site, but only your bottom line can reflect whether that’s the case.
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”