There are many benefits to using cloud-native computing infrastructures and architecture. One of these benefits is financial. Here are six ways you can use cloud-native to set your financial goals.
1. Using It Lowers Operations Costs
One of the main benefits people are aware of when considering migration to cloud native computing architectures is how it can lower the overall operations cost of their businesses. Instead of needing to pay all the costs for work and storage spaces, equipment, maintenance and other aspects of operation, you can put the majority of your computing budget toward the subscription-based model offered by most cloud computing services. Lowering the cost of operations means you can put those resources toward other parts of your organization.
2. It Allows for Flexibility When Choosing Vendors
Due to the versatility and wide-ranging compatibility of cloud-native applications and programs, you can be more flexible when choosing or switching vendors. This flexibility allows you to better avoid being locked into one vendor that can reliably support your software. Instead, you have the advantage of choosing vendors who offer the best prices and services and then easily migrating your infrastructure to those platforms instead. Being able to do this means you can more easily avoid the risk of predatory pricing and save money.
3. You Can Retain Talent More Effectively
Employee retention is one of the areas of your business that can greatly affect your budget and profitability. When you experience high turnover rates, you’re losing money each time you hire and onboard someone and he or she then leaves. When you retain most of those employees, you save money. Cloud-native computing can boost employee retention and thus your ability to save money. It can also help you attract highly experienced and talented individuals, which can in turn improve your products and profitability.
4. It Supports Scalability And Agility
It’s important that all your tools be geared toward advancing scalability and agility. Cloud-native computing is one of the most useful tools for these needs. You can leverage it to automate many of your processes, improve your business’s response to rapid changes in your market and related markets and deliver products or services more quickly. You can also use it to support continuous delivery and support, reverse deployments if necessary, provide consistent environments and scale up or down as needed. Being able to scale and adapt using cloud-native computing means you won’t need to worry about increasing or decreasing your workspace or equipment.
5. You Can Use It To Mitigate Risk
While mitigating risk may not necessarily save you money upfront, it’s a useful tool in setting your financial goals and proving your business to potential investors. Riskier business ventures are going to be more expensive than others due to that higher risk component. Using cloud-native architecture means you can utilize more advanced security, such as zero-trust architecture and tools that provide more consistency, accuracy and efficiency, such as reliable automation throughout workflows. When you mitigate risk, you’ll prove your business is more reliable, resilient and transparent.
6. It’s a Good Long-term Investment
Making good long-term investments is a vital thing for all organizations. It helps your business steadily improve its offerings and maintain its health. It can also help your business prove itself to your current and potential investors. Cloud-native computing is an excellent long-term investment to lower costs, improve marketability and profitability and support more flexible scalability. This and other relatively new computing technologies have more advanced capabilities and can be used together or to support each other more effectively than traditional on-premise computing. It’s a good investment whether you use it on its own or in conjunction with other investments.
Even the simple act of choosing to switch to or begin with cloud-native can provide you with financial advantages. Once you do adopt cloud-native computing infrastructures and architecture, you can continue to set, meet and improve upon various financial goals.