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Success can be measured in a multitude of different ways from a business perspective. Achieving high levels of profitability is one of the key measures of commercial success, along with increasing the customer base of an organization; but there are a wide range of other measures that can also indicate success. The employee churn rate, for example, may indicate how successful an organization is at retaining its staff and may also allude to levels of motivation in the workplace.
Today in 2023, technology is playing an increasingly prominent role in driving business success. Sophisticated business applications can aid decision-making, encourage collaboration between staff, and can lead to improvements in productivity that drive long-term business success.
In this article, there is a clear focus on the role that cloud computing must play in creating business success. Three aspects of cloud computing will be explored with a discussion on how they can improve business operations and create a culture of continued success in commerce.
Consider a complete cloud-based solution
In the last decade, millions of individual businesses have moved to cloud-based systems as part of their digital migration. However, some firms have a vast array of separate cloud-based applications and software platforms that are not effectively controlled from a single point of access. This can lead to inefficient working methods and can make the maintenance and upgrading of key digital systems both time consuming and costly.
Today, many businesses are choosing to roll out a complete cloud-based solution such as IFS. These comprehensive cloud platforms can control many sperate applications and programs effectively. In addition, such systems can be scaled up as a business grows and many are highly customizable, which allows them to be perfectly suited to a business’s needs. In short, complete cloud-based platforms can provide seamless integration of multiple applications and can lead to greater efficiencies that help to drive business success.
Build in collaborative features
In modern business, there is an increasing need for staff to collaborate on key tasks and projects. This can pose a challenge when greater numbers of staff are working remotely or adopting hybrid models of work.
In recent years there has been a shift away from centralized working to a mix of fully remote and hybrid working. It is vitally important that businesses use cloud-based solutions to promote collaboration and the sharing of ideas so that a business can avoid silo working practices and continue to be successful.
Thankfully, cloud-based project management applications, video conferencing software, and team chat platforms can encourage collaboration in a geographically dispersed workforce.
Use cloud-based analytics in decision-making
Big data and the use of cloud analytics packages such as Microsoft Power BI can play a key role in fostering ongoing business success. Many businesses will need to make big decisions that shape the future direction of their company throughout a year. These decisions need to be based on real-world company data to ensure that the correct paths can be chosen to guide the business.
A key way to achieve long-term business success is by using cloud-based analytics packages that take high-volume company data from multiple sources and convert it into actionable insights.
In a business environment where complex information is highly valued, it must be transformed and analyzed to inform decision-making at every level of an organization.