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5 Reasons Why 2024 Is the Year to Move to the Cloud (if you haven’t already)

In today’s fast-paced business landscape, staying ahead of the competition is both critical and increasingly difficult to do with consistency. Cloud computing has proven to be a transformative tool that businesses of all shapes and sizes can use to foster innovation and growth. So, if your organization is yet to be on the cloud or is only for select applications or services, this article will provide you with a host of reasons why 2024 should be the year you make the move.

1. You Don’t Want to Get Left (Further) Behind

Let’s get the good news out of the way first. As we covered in a recent article entitled Seven Trends in Cloud Computing That Will Hit Big in 2024, many developments in cloud computing are taking shape and making a big impact across industries. 

If you have yet to move to the cloud, here’s the bad news—your competitors are likely much better positioned to leverage these technologies than you are. For example, more than 90% of businesses are already on the cloud, 48% of which are moving half or more of operations to the cloud, and 47% are implementing a cloud-first strategy.1

2. Big Cost Savings

Make no mistake about it, the best path to the cloud requires careful consideration and expert configuration, which means it isn’t easy and does require an investment. However, an overwhelming majority of businesses find that their return on an investment in the cloud is tremendous.

Most cloud computing platforms offer subscriptions where you pay-as-you-go for what you need, as opposed to the variable and multi-layered costs of funding and maintaining data centers and on-premise servers. According to SEI, organizations that invest in cloud computing see an average savings of 92%, compared to savings of 43% reported by companies that invest in alternative technologies.2

3. Enhanced Capabilities for Remote and Hybrid Work

Despite many major companies pushing on-location work policies in recent times, remote work is here to stay in one capacity or another. As of 2023, 16% of companies were fully remote, 40.9% of full-time employees worked in a remote or hybrid capacity, and by 2025, it is estimated that 22% of jobs will be fully remote.3

Regardless, many employers prefer on-location work paradigms because of challenges with collaboration, communication, and supervision. Cloud computing facilitates seamless cooperation between dispersed teams, providing employees access to shared files and vital applications from anywhere with an internet connection. This increased flexibility can make remote work better for operations and open new possibilities for talent acquisition. 

First, as 98% of employees want to work remotely, at least in part,4 employers can lean into cloud computing to offer some type of remote work as an enticing yet cost-neutral incentive. Secondly, having a world-class cloud computing platform can allow businesses to recruit internationally and hire the best people in the world at (potentially) far lower costs.

4. Stronger Cybersecurity and Resilience

As we covered in our two-part series on cybersecurity (Part 1 | Part 2), cybersecurity should be a paramount concern for any business today. Although the problem is only getting worse, there is already one cyber attack every 39 seconds and 30,000 websites are hacked every single day.5

Interestingly, security is often the reason why many businesses maintain on-premise computing platforms. But, cloud service providers have invested heavily in security advancements over the years. In fact, as we cover in our article Seven Trends in Cloud Computing That Will Hit Big in 2024, some of the most impressive developments in the space concern cybersecurity, including:

  • Multicloud and hybrid cloud for organizations with enhanced security concerns
  • Cybersecurity-as-a-service: where an expert group acts as a single-source cybersecurity solution for clients 
  • Zero trust architecture: no user or device is inherently trusted
  • Secure Access Service Edge (SASE): cloud-based security framework that consolidates multiple tools into a unified solution, thus making them easier to control and protect 
  • Machine learning and AI-powered cloud security solutions: detect threats quickly and respond to them automatically

5. Scalability and Flexibility

Cloud computing provides unparalleled scalability and flexibility compared to on-premise alternatives. First, the pay-as-you-go, subscription-based nature of the cloud enables businesses to scale up and down at will. While this is often a source of general cost savings, it can also make innovation much more economical. With cloud computing, businesses and employees can experiment with new technologies, such as artificial intelligence (AI) as-a-service, without incurring significant capital expenses.

1 https://www.cloudzero.com/blog/cloud-computing-statistics/#:~:text=51%25%20of%20IT%20spending%20is,%25%20to%2065.9%25%20in%202025.
2 https://www.seic.com/insights/why-move-your-business-cloud#:~:text=Moving%20to%20the%20cloud%20may,an%20average%2043%25%20cost%20savings.
3 https://www.forbes.com/advisor/business/remote-work-statistics/
4 https://www.forbes.com/advisor/business/remote-work-statistics/
5 https://techjury.net/blog/how-many-cyber-attacks-per-day/#gref
6 https://www.cloudzero.com/blog/cloud-computing-statistics/#:~:text=51%25%20of%20IT%20spending%20is,%25%20to%2065.9%25%20in%202025.

Embrace the Cloud in 2024

If your business has not already done so, 2024 is the year to make the move to cloud computing. With the steady advancements in cloud technology and its proven benefits, more than 90% of businesses are on the cloud, with 1 in 5 organizations running 75% of their workload on the cloud.6

At IPC Tech, our Cloud Services Division specializes in guiding businesses through the ever-evolving landscape of cloud computing. When selecting and implementing the most suitable cloud computing platform for your technology and business needs, it pays to have an expert in all things IT and communications on your side. If 2024 is your year to finally make the move to the cloud, make sure to reach out to us today.