Cloud Technology and Return on Investment (ROI)
International Research Journal on Advanced Science Hub,
2021, Volume 3, Issue Special Issue ICEST 1S, Pages 73-79
AbstractMany organizations across the globe have adopted cloud technology or they are in process of migrating their existing IT setup to cloud platform. Are they really reaping the benefits of cloud technology? The cloud service providers play a vital role by providing technology inside and right direction to their clients. Companies will not opt for cloud technology unless they see the real benefits to their business. They will invest into the proposal, which will provide them higher returns. Adopting cloud technology certainly provides multiple levers for improving the returns on investment (ROI). One should choose a right cloud solution by following best practices and adopting the right cloud strategy for their own business solution. ROI is most widely used for financial success in trades. ROI is the equivalent increase in the value on your investment over a period of time. The basic ways to improve ROI are to reduce the investment, increase revenue, decrease operational costs, and start the early returns.Cloud computing should not be seen as a technical infrastructure advancement then we will be missing the wider picture of the impact of technology over the business outcomes. The value proposition matters most, and it does not always represent the financial performance. It can be customer value, corporate value or market brand value. Those aspects should not be ignored.This paper covers the drivers, which contributes to ROI and shows how to use these levers to get maximum benefits.
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