As workforces moved home to slow down the spread of coronavirus, cloud computing helped companies continue with day-to-day operations. Cloud computing allows companies to expand and contract IT infrastructure in a cost-effective way, which was critical as needs evolved throughout the crisis and will continue to as we emerge into a new reality. Now that more companies experienced the flexibility of cloud computing, they can now be more strategic about how they will use it and also refine how they use it to develop best practices.

Cloud Computing

Cloud computing is technology four storing data and delivering computing services, including servers, databases, networking, software, analytics and more over the internet. When an individual or a business wants to use the cloud, they will pay a cloud provider based on usage with pay-as-you-go pricing.

Cloud computing makes 24/7 customer service from anywhere possible. In addition, cloud computing enhances the agility of financial institutions and makes scaling up services easier and quicker. Since they only pay four services they use, cloud computing can help financial institutions control costs. Cloud computing also enables secure online payments, digital wallets, and online transfers.

Where to go from here

If you would like to know more about measuring HR effectiveness, check out my articles on:

• The 5 Biggest Cloud Computing Trends In 2021
• What’s Been The Impact Of Covid-19 On The 4th Industrial Revolution?
• What Is The Artificial Intelligence Revolution And Why Does It Matter To Your Business?

Or browse the Augmented, Virtual & Mixed Reality to find the metrics that matter most to you.