Cloud computing is fast becoming a buzz word in many industry sectors. In the UK, businesses are embracing the advantages it has to offer. As a country, we’re the sixth largest cloud user in Europe – in fact, 88 per cent of businesses surveyed by the CIF have adopted this technology in some form. Despite this, there are a number of myths surrounding cloud computing, and these perceptions can often be a barrier dissuading companies from making the switch to a new platform. If you’re not sure what’s fact and what’s hearsay, don’t stress, we’ve prepared this article just for you.
Moving to the cloud creates a security risk
This is a major concern for businesses, 66 per cent of IT professionals have said security is the biggest concern stopping them from developing a cloud computing strategy. However, breaches happen because there’s a vulnerability in your system, and this can take place regardless of where your information is stored. Research shows that 99 per cent of UK companies using a cloud service has never experienced security issues. That’s because all software providers will have 24/7 on-site security for servers, as well as access to advice from cybersecurity experts. Cloud computing leaders know this is a worry, which is why they make sure that they have a strong, rigorous protection system in place – it’s a fundamental part of their business model.
I’ll lose control of my technology
To a certain extent, this is true, but it’s a good thing. When you move to cloud computing, you won’t have to maintain your hardware or upgrade software – this responsibility is the remit of your new provider. Xledger is based on configuration, rather than customisation, which means that all customers are updated to the latest version of our system on a regular basis. This means fewer headaches when it comes to IT, as well as more time to manage your data, which you still have complete control of. As a business owner, you’ll never lose management of your data – you’ll still have the ability to restrict who accesses your information, where it’s stored and the infrastructure behind this.
Swapping to the cloud is all about saving money
It’s possible, but this will depend on the provider you choose, as well as the services you require such as the amount of data stored, the number of users and your backup needs. If you opt for pay-as-you-go cloud computing, you’ll only be charged for what you use. However, it’s important to grasp the way in which cloud software can drive efficiency, saving you time and labour costs in the long-term.
Just this year, Volkswagen and Amazon announced they are teaming up to develop a cloud computing system which will drive productivity by combining information from 122 factories around the world. This data will be examined by developers, who will make recommendations for change to help standardise production. Looking at this situation, it’s easy to see how cloud computing will lead to big gains.
Automation is another great example of this. The software we champion at Xledger automates more functions than any other ERP competitor, we can help you streamline repetitive processes such as the approval of bills, timesheets, purchase orders and payments. All of this improves performance, reduces back-office costs and gives you a more accurate picture of your business.
Cloud migration will be too difficult
It’s true that transitioning your systems to the cloud takes time. For example, if your existing servers are outdated, some revisions may be necessary. But the initial effort will pay dividends. Cloud providers have the expertise you need in order to make this change, and they will do everything they can to make sure the process is stress-free.
Signing up leads to vendor lock-in
Vendor lock-in is when you sign a contract which makes it difficult to change your mind, swapping to a different product or service. Again, it depends on the provider you choose. To avoid this, check the fine print, and make sure you know if cloud companies offer data migration tools allowing you to move large chunks of data. The advice from Computer Weekly, who experienced their own problem with this, is to ask questions about how your data is stored, used and can be extracted – and to back up your data regularly. At Xledger, our accounting software is available on a monthly subscription basis, which means no vendor lock-in.
Xledger is a unified cloud-based ERP system helping over 10,000 ambitious businesses grow in size. With more than 10 years of experience in the cloud, we can offer expert support to help you operate and maintain your data. Click here to find out more.