5 Reasons Why Startups Should Choose The Cloud

5 Reasons Why Startups Should Choose the Cloud

Startups, as opposed to large corporations, approach cloud computing to revolutionize business operations rather than just automate existing processes. Nowadays, it is extremely rare to find businesses that are not cloud-native.?Startups are utilizing the many benefits and advantages provided by the AWS Cloud to quickly scale their businesses and their concepts into reality. Businesses like Monzo, Airbnb, Zocdoc, and Lyft have successfully grown and innovated thanks to their highly secure, flexible, and agile cloud infrastructure.

By staying on-premises in the modern world, you run the risk of losing ground to your rivals and your competitive edge. You can build a sustainable growth plan for your startup and future-proof it with a solid cloud strategy.

There are many reasons why companies prefer the cloud to conventional methods of computing and data storage. Cloud migration has some risks and disadvantages, just like any other new technology. However, these drawbacks are greatly outweighed by the advantages. Here are some incredible cloud computing advantages.

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Fast Data Recovery and Security?

In terms of the cloud infrastructure's success rate for disaster recovery, 20% of customers said that the process was finished in four hours or less. Only 9% of users who don't use the cloud reported comparable success rates. This indicates that cloud computing is twice as effective at minimizing downtime.

Also, 94% of SMBs report that the cloud offers better security advantages than their on-premises service. Storing business data on hard drives or by most other conventional methods is dangerous and if lost, it can cost your business huge amounts of money. If data is not stored with a strong firewall to protect it, it is typically vulnerable to viruses or hacker attempts. While the cloud solution provider you are working with offers to protect you with their security measures, you are more likely to protect your data through encryption, password/authentication requirements, and backups over the cloud. Every startup should incorporate quick backups and prompt data and IT service restoration into its IT infrastructure, and cloud computing makes this process simpler.

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Cost Effective

Running a business requires that you do a lot of tasks that require computing. This usually requires you to hire employees to oversee your processes and of course, you have to include the weightier salaries of IT personnel into your startup’s expenditure. Moreover, due to the upfront costs of the necessary hardware, implementation, ongoing management, and updating by internal staff, on-premise systems are generally?expensive. With a SaaS subscription, you can access all the features of an IT staff and program without paying for them.

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Automation

Time is essential for startups. To oversee, manage, and handle all IT-related tasks when using an on-site?IT infrastructure, you need a dedicated IT team. Additionally, this team is in charge of implementing any upgrades or changes to the current infrastructure. This is time- and money-consuming. Cloud computing offers?better solutions.

According to the highest industry standards, cloud providers regularly upgrade their cloud servers. When your startup goes live, all of these upgrades are automatically made available. To ensure peak performance, cloud providers fully manage and maintain servers. As a result of applications being automatically optimized for the cloud, software integration is made simpler. The increased level of automation that follows makes a significant number of resources available for your startup's use to grow and expand financially.

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Scalability & Flexibility

One feature that startups cannot overlook over time is scalability. As startups grow, their technological needs increase causing startups to have to acquire new resources than initially planned. Many companies that are in the expansion phase have used the cloud to manage their bandwidth needs. According to user needs, cloud services can scale up or down extremely quickly in a way that only requires the user to pay for their needs and stop subscriptions when unnecessary. If you only use on-premises infrastructure, you'll need to make significant investments in physical servers, networking hardware, and software licensing to scale up your expanding startup.

Now, cloud computing is very flexible because it doesn't need to be set up for a specific location. With only internet-connected devices at their disposal, your teams may quickly and easily use the cloud to collaborate, access, and share crucial documents for strategic business decision-making. They don't confine your people to a specific area. This degree of flexibility is necessary for startups to develop in a crowded market.

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Competitive Advantage

The Covid-19 pandemic made the benefits of the cloud very evident. Compared to non-cloud competitors in the same industry, businesses that were on the cloud were able to promptly and efficiently adjust to the new remote working norms and take advantage of the new opportunities the cloud provided.

Moving to new cloud platforms is not something every business would want to do. Well, not right away, at least. However, the businesses using cloud computing today are benefiting from it. Adoption rates are rising annually. Therefore, using cloud solutions will allow you to effortlessly gain ground on your rivals.

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Conclusion

Recently, one of our partners Oracle for Startups, a leader in cloud computing, said that it will expand its resources and assistance for tech startups throughout Africa over the next two years.?While startups that meet requirements can receive up to $10,000 in free cloud credits, along with hands-on technical assistance, executive mentoring, go-to-market resources, and customer interactions.

Not only that, because we collaborate with AWS Activate, startups would get up to $105,000 in credits to help them cut costs so they can innovate more quickly.?

Your startup’s next big move might be migrating to the cloud and we at #KnightVentures can help you achieve just that. Reach out to us today.