Cloud Tech: The Future of Business

What has contributed to this rise in the use of cloud-based servers?

• 1) The Need for Greater Accessibility

  Cloud technology enables information to be accessed across multiple locations instantaneously. Thus, regardless of where people are, required information such as sales numbers, employee or client information, can be obtained with just a few clicks of a mouse, saving a considerable amount of time.

• 2) Easy Scalability

  Easily scale up or down by adding-on storage capacity, additional modules and functions as needed, based on project requirements. Avoid incurring additional costs by only paying for what you need.

• 3) No Additional Hardware Required

  Compared to server-based systems, cloud-based systems require little to no hardware and as such, enables businesses to benefit from cost savings of substantial capital expenditure.

It is thus easy to see why in 2019 ^[2] , skills involving the utilisation of cloud technology were the highest in demand, with at least 57% of large enterprises having already transitioned their finance systems to the cloud.

The Economic Impact

With the growing take-up rate of cloud-based systems, we can start to observe many carry-over effects.

A host of international companies are gearing up to establish modern data centres to leverage upon Singapore’s superior connectivity ^[3] , forecasting a cut in traditional infrastructure by 60% and an increase in hybrid cloud adoption by a predicted 150%.

An estimated 22,000 ^[4] jobs will be created as a result of this rise. From this 22,000, an estimated 14,000 will be jobs in non-digital roles such as marketing and human resources, while the remaining 8000 will be in digital roles such as cloud service and IT Systems provision.

With all the benefits of cloud it would very likely prove worthwhile to go with the flow and leverage upon Singapore's competitive advantages ^[5] of being ASEAN’s digital gateway and a key connectivity hub for data within the APAC region.

Furthermore, with jobs in the human resources sector expected to be established, adopting a cloud-based Human Resource Management System (HRMS) will allow you to streamline your business processes to take advantage of prevailing circumstances.

If you require a HRMS software yourself then why not try out QuickHR is an award-winning cloud-based HRMS solutions provider! Being ISO 27001:2013 and ISO 9001:2015 certified, rest assured that your data is kept strictly confidential and secure. This along with our multi-faceted modules such as our award-winning Applicant Tracking and Payroll systems ensure that you will be able to eliminate your HR pain-points with us. So why not give our system a try and call us today?