Businesses, developing in the e-commerce industry, are constantly faced with challenges such as fluctuations in demand, market fluctuations, the need to expand and shorten the staff, and performance issues. There are a lot of problems, and you yourself saw this when the Covid-19 pandemic broke out in the world in 2019 and companies were forced to survive in conditions of total lockdown, closed borders, and subsequent related problems.
Moreover, in addition to dealing with existing problems, it is also important for e-commerce companies to keep abreast of new technologies in order to remain competitive and constantly satisfy the needs of their real customers and potential ones. Today, this can be achieved with the support of cloud computing.
Based on the in-depth expertise of technology partner Emerline, in this article, we will analyze what benefits can be brought by cloud-based solutions and what steps you should follow in order to quickly and successfully transfer your business processes to the cloud.
What Do Statistics Say?
According to Fortune Business Insight, a leading publisher that delivers market research reports, the global commerce cloud market was worth $12.32 billion in 2019 and is expected to reach $55.67 billion by 2027, with a CAGR of 20.8 percent during the period forecasted.
As the Future of Retail 2021 states, the e-commerce industry grew over 34% in 2020 because of the Covid-19 outbreak and is predicted to expand by 14% in 2021. Furthermore, 47% of commerce executives believe that the worldwide pandemic has hastened their firms' embrace of cloud computing.
Thus, we can conclude that what is now considered an additional advantage in the future will become a necessity. So, if you want to bring the future closer right now, we invite you to find out how cloud solutions can benefit your e-commerce business.
Scalability, Stability, Security, Speed, Saving 一 Five S’s of Cloud Computing
Despite the fact that many businesses are already leveraging cloud solutions, there are still those who doubt whether they’re beneficial or not. Experts recognize the following five key strengths of cloud computing: scalability, stability, security, speed, and savings. We invite you to delve into the benefits of cloud solutions to have a clear picture of how your business can succeed with them.
Research and development
The foundation of any sustainable e-commerce organization is research and development. Efficient research and application of new technological solutions in practice can contribute to the rapid success of your company. Since it is rather difficult to follow trends in today's realities due to their rapid development, it is important for companies developing in the field of e-commerce to be on the alert and keep pace with such rapidly developing innovations. These are cloud solutions that can help you with this.
Cost-Efficiency
Any technological solution makes sense only if it saves money. One of the main strengths of cloud computing is cost-efficiency. According to your business current demands, you can quickly and easily occupy the space you need. Cloud solutions can help you to save money by taking care of a major percentage of your data management responsibilities.
Security
One of the main concerns in e-commerce is security. We live in a time when virtual attacks and virtual theft of personal information and payment card data occur more often than physical ones. Being equipped with the most innovative methods of data protection, cloud-based solutions are very reliable and secure.
Scaling
Cloud-based solutions can significantly improve the efficiency of business processes. Scalability allows you to fully customize the cloud platform to meet your business needs. You can use a certain amount of IT resources necessary for the operation of your web page and company. For example, you can increase IT resources during a peak period to cope with growing demand, or, vice versa, reduce the number of resources when necessary.
Speed
To provide the best shopping experience, e-commerce websites or mobile applications should have a fast loading speed. It may cost companies dearly. Nevertheless, moving corporate processes to the cloud can result in huge cost reductions. As for cloud computing, the data is uploaded to the provider's data center in real time. This means that problems such as slow loading and downtime can be significantly reduced thanks to cloud solutions.
Availability
Continuous availability is a vital necessity for any e-commerce platform. To ensure business continuity and maintain customer trust, your e-commerce website or application must be accessible anytime from any place. Cloud solutions increase data availability by providing unlimited access to important information from any device.
Flexibility
To survive in the competitive struggle in the face of constantly changing market trends, it is extremely important to be able to make the right decisions, as well as to establish competent resource management. You can swiftly adapt to new market realities with cloud-based e-commerce solutions. By understanding consumer requirements, you can meet them in the right way.
Resource Management
Cloud solutions also allow you to ensure a smooth and competent distribution of resources. Since this process is handled by a third-party customer, you can focus on other more important tasks while a well-trained team of specialists processes, maintains, and updates your data for you.
Less Risk of Data Loss
Internet connection failures happen quite often. To minimize the risk of data loss, you can use your company's cloud storage solutions. Cloud computing ensures the security of data and guarantees its safety.
Income Increase
Cloud computing is enabling a company's income to skyrocket. When purchasing on-premise solutions, you will need to purchase equipment, as well as pay a salary to technical specialists who will support this equipment. In the case of cloud solutions, you simply buy a subscription. Being very cost-effective, these solutions can help your business save costs and resources.
5 Steps To Guarantee Successful Migration to Cloud
To make the cloud bring maximum value to your business, it is critical to follow the basic rules for migrating your data to the cloud solution. The cloud migration process involves five main steps:
Visualization. You should understand the major reasons and outcomes of transferring your business processes to the cloud.
Strategy. The company should examine the resources available, infrastructure, and architecture in order to decide on in-house or outsourced development.
Planning. You should clearly describe the scope of work according to the work you want to be done and establish explicit criteria for acceptance.
Execution. Don’t forget to adhere to the plan and acceptance criteria and discuss results with the end-users so that any necessary changes may be made.
Optimization. Moving to the cloud also involves creating operational dashboards, keeping logs handy, as well as keeping in mind DevOps services.