Facts about cloud-computing
Have a look at the 5 amazing facts about cloud computing, that will add to your knowledge about this technology:
- 94% of SMBs have found security benefits in the cloud that they didn’t receive in their on-premises service.
- 80% of the companies that move to cloud witness improvements in their IT departments in less than six months.
- 75% of businesses report that availability of service has improved since moving to the cloud.
- 70% of businesses have reported that they’ve been able to reinvest funds into their business by the virtue of using the cloud-computing technology.
- By the end of 2020, cloud computing will cross the $270 billion mark in investment.
The term cloud-based
For those, who still wondering what the cloud is exactly, think of it as a metaphor for the Internet. Cloud-based is simply a way of storing and accessing files online. One’s cloud can be accessed via multiple computers as long as you are connected to a network. The information is then stored on remote servers. The cloud makes accessing data easier, and allows for the storage of large quantities of information. From banking to data sharing use it , because it allows multiple computers on a local network to access data, it has become a popular form of technology among companies of all sizes and staffing levels in a variety of industries.
Cloud Types – What’s the Difference?
- Public cloud – this refers to the model with which the services are delivered across the internet.
- Private cloud – it’s designed for internal use by a single organization.
- Hybrid cloud – this is when company uses both a public and a private cloud.
Basically, the only difference is who owns the infrastructure. Otherwise, it’s the same thing.
Different Types of Cloud Services
First of all let’s see the main types of services, provided by cloud vendors:
- Software as a Service (SaaS) – Applications which are accessible by the clients via either a web browser or some lightweight applications.
- Platform as a Service (PaaS) – A place for application development and testing. Think of it as a closed-environment laboratory for app developers.
- Infrastructure as a Service (IaaS) – A vast array of computing resources in a virtual environment. IaaS includes data storage, virtualization, serves and networking.
About cloud-based inventory management system
For a long time inventory management software solutions were too costly for most companies. Besides, the software was quite expensive, you also needed appropriate hardware to hold the data and an IT staff to maintain the software and solve problems. All of this adds up to high cost of ownership. With the advent of cloud-based – also called Software as a Service (SaaS) – however, reliable, sophisticated inventory management solutions are now within the reach of most companies.
If you are still using inventory management software that you have to install on each user’s computer, then you are missing out on some key benefits that the cloud has to offer. Whether you have one location or multiple locations, your business can always benefit from cloud-based software.
At first glance it’s not evident how the cloud-based would offer better, less expensive solutions than the traditional model. In the traditional model for inventory management systems, the company purchases the software and then installs it on one or more computer at their office. However, with a cloud-based model there is one instance of the software, but it can support thousands of users at the same time. For example, a single server could handle simultaneous 10,000 web sessions.
Benefits of cloud-based inventory management system
There are several benefits of using a cloud-based inventory management system.
It means that you can track your inventory in real time, as your asset counts will update with each new transaction or purchase order. With real-time updates on your inventory, you can stay ahead of item shortages or excesses.
Optimize supply chain management
Supply chain management has never been easier with cloud-based inventory management software. You can track and manage product distribution in real-time and automate your operations from a single platform. This will save you and your employees countless hours.
Make financial management easier
One of the greatest benefits of automation with cloud-based software is the ability to manage accounting information in one place. As a bonus, cloud software’s automation tools eliminate the human error common in manual accounting. With cloud-based inventory management software, you can consolidate data entry and multiple levels of reporting in one place.
Track your inventory analytics
Another benefit of cloud-based warehouse management software is the ability to view warehouse analytics in one place. Many cloud-based inventory management programs will analyze your data and generate automatic reports.
Secure data storage
When cloud inventory management system used, valuable information will be safe. Business owners didn’t need a storage device for data backup. And all changes will be saved. Constant update on the cloud inventory management software guarantees security against cybercrimes.
In short, one of the most important parts of managing multiple warehouses and distribution centers is maintaining an up-to-date inventory management system. Keeping track of a business’s inventory is now easier than ever with advancing inventory management technology — particularly cloud-based warehouse management software. There are many advantages to using cloud-based inventory management software, whether you manage one warehouse or dozens of warehouses around the world.