GermanHOW CLOUD CAN TRANSFORM IDEAS INTO PRODUCTS?
Back in 2015, Gartner had claimed
Cloud to be one the greatest technologies that existed. Little did we know that
cloud would actually surpass
everything and still hold the throne in 2022? While in the past cloud was
mainly used to host business applications, its role today has expanded and
diversified to a large extent. Cloud gained immense popularity in this arena
owing to its ability to mitigate risks significantly for data-heavy businesses.
Its nature being industry-agnostic, cloud soon penetrated into other aspects of
business; in this case, product development.
Today, cloud is most commonly
used for transforming brilliant ideas in to smart, sustainable and scalable
products. The advantages of using cloud-based solutions for product development
are numerous. The flexibility and state-of-the-art capabilities that cloud has
to offer are unmatched till date. Cloud allows seamless integration of
technologies that help in streamlining processes and building best-in-class
products. With the advent of cloud, the entire gamut of product development has
changed. With constant changes in customer behaviour, companies such as
IT-driven enterprises have to be on top of their game. And that’s where cloud
comes in to the picture. Cloud allows quick, seamless integrations and empowers
companies to deploy new features and upgrade existing ones with unmatched ease.
In this blog, we will explore how cloud has transformed the traditional
process of product development
As cloud offers customisation and
seamless integrations, organisations have now turned more cost effective. Traditional
product development tools and technologies are time consuming and require
constant monitoring. These solutions keep the resources equipped and reduce
their efficiency in other aspects. With cloud, most functions are automated and
made secure. This results in increased time for resources to concentrate on
other business functions and generate better business avenues. Cloud not only
saves time but also ensures ease & convenience of overall management.
Cloud based solutions also save
companies the cost of resources such as hardware infrastructure, servers etc.
Traditionally, product
development was a time consuming process with multiple layers. Cloud has
single-handedly reduced many steps and ensured better quality of work. The
usage of SaaS, for instance, will result in saving a significant amount of time
spent in developing a new product. Thus cloud brings down the product
development cycle rapidly. In times when the world is changing rapidly, such
solutions are bound to become the new normal. To remain relevant in today’s
cut-throat market, IT-solution providers must come with quick fixes of patches
and important upgrades.
A fixed bug or a quick update to
the existing app or solution goes a long way in reclaiming a lost customer or
gaining a loyal one.
In traditional product
development, testing used to be done at the end. However, in the case of cloud,
testing happens real-time. The experts can access the application from anywhere
in the world and test the efficacy of the product thereon. This offers
unmatched speed and ensures speed of execution as well. In addition, the
product that is developed using cloud is tested real-time allowing mitigating
errors and ensuring that the end-product is ready for the world to see, use and
experience. In traditional product development cycles, there would always be a
gap between the development and testing stage – cloud has nearly bridged this.
It is established worldwide that
cloud offers better insights than any other solution. Today’s businesses strive
and thrive of data. Using technologies such as big data analytics, one can
identify patterns by streamlining the unstructured data. According to an
industry report, 54% of organisations use big data solutions. These solutions
help them target their solutions more accurately and plan their business as
well as promotional activities accordingly.
Cloud has the potential and the
ability to cater to real-time market fluctuations. Since it can be accessed
from anywhere, it can be transformed almost real-time to – a) mitigate an
unwanted risk or b) to elevate user experience. Additionally, depending on the
nature of business, an organisation may opt for more security layers such as
virtual private cloud, APIs or encryption solution for the security of
confidential data. This is highly effective in data-sensitive organisations or
industries – example: BFSI. Moreover, being entirely virtual, hardware failures
do not impact the efficacy of the cloud-based solutions. This results in
increased uptime.
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