How the Cloud Is Saving Money For Businesses

a man using a laptop

More and more businesses are making the transition to the cloud. As remote work becomes more prevalent across industries, organizations are depending on the convenience of web-based platforms and software to perform everyday business functions, increase collaboration, and improve accessibility.

According to Gartner’s research, the global public cloud services market will reach $266.4 billion by the end of 2020, with Software as a Service (SaaS) taking up the largest segment of the market. Gone are the days where workers must solely depend on in-house software and manage desktop storage solutions, which can be troublesome with their limits and restrictions.

Another way that the cloud is changing business as we know it is through significant cost savings, which is likely driving the spike in adoption of cloud services in addition to the convenience and automation features. Here are a few ways that companies can save money by using cloud computing.

Outsourcing Configuration

One major way that businesses can save money when they use the cloud is using third parties to configure and govern cloud software infrastructures, as you’ll find with Turbot cloud governance.

Allowing experts to come in and help your business set up your cloud platforms takes a lot less time than requiring team members to learn new software on their own, and once everything is implemented there will be few costs associated with maintenance and labor to keep things moving. Turbot’s cloud governance platform allows businesses to retain control of software or cloud resources — it’s just a matter of outsourcing the cloud governance platform itself. Having that off of your plate will allow for increased agility and better utilization of cloud resources.

Hardware Costs

Another important way that cloud usage saves you money is by avoiding the high costs of hardware that has been traditionally been used in onsite equipment for companies of all sizes. Often there’s no new software required to use cloud-based storage platforms, so companies can save money while making the transition simple for employees.

New hardware can be a major expense, especially for large enterprises, and creates a whole new set of issues for workers to have to start adapting to, which takes time and efficiency away from productivity.

Flexibility and Scalability

When you use cloud computing instead of traditional software, you also give yourself flexibility. If you need to cut back on storage you can do so easily, or start out small and move up the storage-plan ladder as your business grows. This kind of scalability and customization is just not possible with traditional storage solutions, so switching to the cloud means you’re saving a lot of money in this area, only paying for what you actually need.


One point that should never be underestimated is the fact that employees can access the cloud from anywhere they have an internet connection, and on any device, including smartphones, laptops, or tablets, like refurbished Samsung tablets from The Store. This is extremely convenient for workers and it also boosts productivity, since they can work from any location and on devices, they’re already familiar with. Buying a lot of tablets or laptops for your employees can be costly, which is why going with refurbished, verified electronics is a great idea. You can get Samsung Galaxy tablets for far below the list price and get the same agility and effectivity you’d have with a brand new tablet. When productivity is high, the business earns more money and stays on the path to long-term growth.

Lower Energy Costs

Using the cloud is more efficient for your business and requires less physical energy. Thus, your electricity costs will probably go down. Onsite data centers can waste a lot of energy, as they’re usually not being utilized to their fullest. With everything living online, you don’t have to worry about extra power usage for your company as with other types of storage solutions.

Bottom Line

Cloud computing can help your organization in many ways, including greater convenience, flexibility, and accessibility. But all of these benefits also lead to cost savings for the company, which is significant especially as virtual workplaces are becoming the norm. Solidify your path to long-term scalability by incorporating the cloud into your business’s daily functions and workflows.

Ebonie Barden works across OI's platforms and deparments, developing content that reflects our readers' inquiries and needs in order to best engage and serve our diverse audiences on the topics that matter.

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