May 14, 2015 Accordant

How Cloud Technology is Changing Business

Cloud Computing concept background with a lot of icons: tablet, smartphone, computer, desktop, monitor, music, downloads and so on

Cloud technology is ushering in major changes to the business world. But it’s not just the traditional office that’s being transformed by cloud storage and data management. Here are a few examples of how cloud solutions are being utilized by the retail, banking and healthcare industries to not only cut costs but also improve overall efficiency and effectiveness.

Retail
Real-Time Data
With cloud computing, retailers can track real-time information about customers and what they’re purchasing. This data stored in the cloud can be viewed by anyone in the company who has access. This is also invaluable for tracking and updating inventory, as a company can identify items that go out-of-stock and fulfill customer orders for such items instantaneously.

POS Alternatives
Retailers have long been stood behind counters with computers, printers, and cash registers, establishing a standard, stationary POS system. Cloud solutions can liberate employees from the counter with web-based POS alternatives. Enabling sales on tablets or other light devices can free up employees to walk around and provide superior customer service.

Banking
Reduce IT Costs
Banks typically have sizable and complex IT infrastructures that process massive amounts of data. Purchasing and maintaining hardware and software is a costly endeavor requiring time and manpower. Cloud solutions are a no-brainer for banks, as the bank can unload some of their burden on the cloud providers that can host data and update technology with their own infrastructure.

Easier Transactions
Banks facilitate financial transactions across the world. With banking infrastructure centrally stored in the cloud, it’s easier for banks in different countries to exchange information and make transactions without any delays from dealing with differences in hardware.

Healthcare
Medical Imaging Storage
Internal data storage centers are on the decline, as many health care facilities are turning to the cloud to house medical images. The cost of archiving all medical images in house is becoming prohibitive, as it requires significant investments in hardware and software as well as space and employee upkeep.

Improved Care and Communication
Healthcare providers can use data stored in the cloud to provide patients the best possible care. Being able to pull up a patient’s clinical data in real-time at the touch of a finger enables healthcare professionals to provide better, more specialized care for patients.

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