[vc_row][vc_column][vc_column_text]Technology has revolutionized the way we work, collaborate and seek information. The past year has further maximised its utilisation across industries by means of remote working. While these transformations are here to stay – it is worth noting that they all are majorly supported by cloud-based platforms.
The global cloud computing market is expected to be valued at $623 billion by 2023, according to research. In fact, by the end of 2021 itself, it is forecasted that 94% of workload will be processed by cloud data centers. Owing to the growing popularity of cloud-based technology and urgency in its adaption due to Covid-19; several businesses i.e., Microsoft, Facebook, etc. have seen skyrocketing ROIs. For instance, Zoom seen a 4-fold increase in its profits in 2020 in comparison to 2019.
Pivoting to cloud is a critical step as it requires businesses to reimagine their operational functionality. Additionally, they must assess the capabilities of the in-house staff and finalise a solution that best suits their needs.
Questions To Address While Considering A Cloud ERP:
- What, to whom and where would the information need to be available?
- How safe would accessing the information be?
- How safe would the information be?
- Which workloads should be prioritized for the cloud?
- Would information need to be in real time?
- To what extent will IT be impacted?
- Are there resources and skills required to support such a transformation available?
- Would it be ideal to consider partnering with an ERP services vendor?
Three Approaches To Cloud ERP Implementation:
There are three cloud deployment types: public, private and hybrid. Since the pandemic, over 72% businesses have shown an interest in the hybrid cloud type option. This is because a hybrid cloud type offers higher flexibility to use both public and private clouds. Thus, helping businesses optimise the approach for every application. Additionally, business could optimize their approach for every application.
Approach 1: Public Cloud
In case, you have an existing relationship with vendors offering Google cloud, Amazon webs services or Azure – this option would be ideal. It’s advantage? The economies of scale that are accompanied through shared resourcing and framework. However, if you find yourself having several contracts with multiple vendors, and still prefer a public cloud, then the hybrid cloud could be the best alternative.
Approach 2: Hybrid Cloud
Such a solution is implemented in a public cloud and managed through a single SLA with the managed services vendor. Through this application one can benefit from the economies of scale and also have professionals oversee the solution and its interfacing with your business. However, if you are seeking a highly secured system that meets stringent compliance requirements, you might want to consider deploying a private cloud.
Approach 3: Private Cloud
The private cloud offers unparalleled security and meets the stringent compliance requirements your business might need. Additionally, it also promises availability. If your private cloud vendor is also your application vendor then you can benefit from their dedicated resources, service flexibility, and team of tech experts. This approach would work fine for specific applications you could also balance it out with a public cloud for necessary processes.
The Ultimate Step
Upon deciding the type of cloud, you wish to implement to meet your business goals, the final step is to choose the right cloud ERP partner. For instance, several commodity traders have deployed Robo-Commodity, a Microsoft Certified cloud ERP built for Commodity Trading because of its cost-effectiveness, high security, reliability, and quick deployment timelines.
Would you like to learn more about one this award-winning Commodity Management ERP and its remote working compatibility, reach out to use today![/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″ css=”.vc_custom_1569490505427{border: 2px solid #dd9933 !important;}”][vc_column_text]
Get a 30 Minute Free Consultation!
[/vc_column_text][contact-form-7 id=”103″][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row]