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Cloud computing concept.
Cloud computing is a technological feat of the modern era. With the evolution of the internet, many concepts like sharing resources and information flow have captivated businesses worldwide. In the pursuit to be a market leader, businesses deploy all types of cloud computing techniques that help them grow and succeed. But, is it only the business world that is growing? What about everything around it, including employees and consumers? From receiving an email to dynamic host configuration protocol servers, such technologies enhance a business in more than one way. The good news is that it’s a win-win situation for all.

What is Cloud Computing?

Cloud computing can be defined as “the practice of using a network of remote servers hosted on the internet to store, manage, and process data rather than a local server or a personal computer”. Clouds are not a passing phase, but something that is destined to stay with us and develop even more. The next decade is forecasted as the decade of cloud computing which promises more innovative and newer ways to help businesses push themselves to the top with nothing but a cell phone!  It helps eradicate frequently occurring headaches like storing data manually or monitoring a business for its employee performance. Now, with cloud computing, businesses can focus on other more vital and integral elements of a business such as customer support. And, they can leave the giddy details like monitoring, information sharing, or storage of data to the electronic gizmos.

Business Growth

Business growth is an aim of every organization and anything that helps it along the way is embraced with extra passion. The thing that separates the good from the bad is the usage and functionality of a system that can be implemented in an organization. Businesses can grow and help its employees reach a better level of lifestyle and also provide to an ever-changing and evolving market. With the help of cloud computing, input and research can make a great difference.

As a business grows, it provides economic relief not just to the employees or owners, but to everyone involved including the country it is situated in. In order to get ahead of the curve, businesses need to come up with various strategies that can help them get faster, more efficient and, above all, proficient. It is these cloud systems that help a business get off its mark with ease and steadily flow at a consistent pace. It can help a business grow at a noticeable rate and also get a sensation of “digitization”.

Uses of Cloud Computing

Using cloud computing in a business has many benefits which make a deeper impact. Employees who work for a business who has adopted cloud computing are more passionate and aware of their job roles. Integrating systems that store and manage data are important for a business. For example, purchase orders are usually complete with details like address, nam,e and contact information that most organizations can utilize when promoting or marketing a new product that it’s clientele would prefer. Other things like requesting information regarding services is also an achievable outcome. 

However, cloud computing is able to do much more than just recall information. It can store, organize, break down, and even process data for any required purpose, making it a very versatile and impactful mechanism for a business who can get much more done with this technology as compared to not having it. All large organizations and major players of the business world use clouds for HR, client relationship management, accounting, IT, and more. Almost every department of larger organizations has a system to help it coordinate with other areas of the business to increase operations and output.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

industry and Internet of Things concept. woman working in factory and wireless communication network. Industry4.0.
“According to folklore, this has been a terrible generation for manufacturing and those who move goods,” says Center of Business and Economic Research’s Director Michael Hicks. He made this bold statement about the opinions of the general public which are, in fact, on the contrary. He further added, “That isn’t what the data says. Indeed, 2015 was a record manufacturing production year in inflation-adjusted dollars. While 2016 fell just short with some weakness in the first and second quarter, 2017 looks to be a new record year.” Manufacturing logistics are set to mark 2017 and 2018 as record years with renewed hope for more chances of trade and economic bliss. 

Hicks’ comments don’t come as a surprise with growth that is monitored and, above all, viable for safely suggesting that over the past generation, we are experiencing more growth than we have in the last 100 years. From 2000-2003, production grew with a steady 11 percent each year due to the evolution of the web and internet. But, then came the downfall in 2007’s global recession which was a massive blow to global economies and businesses everywhere according to a leading manufacturing logistics report, Manufacturing and Logistics: A Generation of Volatility & Growth, released by Ball State’s CBER and Conexus Indiana.


Evolution & Manufacturing Logistics

Over the past 100 years, in every aspect of human evolution, from science and technology to arts and design, mankind has made progress beyond its capacity and resource limitations. And, with a generation of progress, employment comes galore. The good thing about development is the abundant chances of opportunity that it brings along as Hicks pointed out. He also states with considerable confidence that manufacturing logistics is safe for years and all this misconception is due to the rising levels of unemployment.

He also goes on to reiterate his positivity by saying how manufacturers have become leaner and more versatile, covering more industries than ever before. The growth in productivity means greater demands that are being met with satisfaction, In this generation, robotics and other automation have contributed to fewer people being employed. Some particular factors pointed out aided the decay of employment. It revealed that, if the worker is well educated and skilled, it raises overall productivity. This means that manufacturing logistics professionals with higher qualifications and credentials play a significant role in development and ensure a higher ability to cope with business demands.

The report also explains that mechanization has evacuated staff off the job. This automation has gained considerable negativity due to the facts that downsizing and other forms of corporation cut-offs in this generation increase the level of unemployment, unless the worker is shifted or relocated. Productivity does increase but at the expense of using fewer workers with the idea of improving a system. Emphasis is also laid on the improvement of processes or mechanisms such as ISO certification. For manufacturing logistics, this certification ensures that the process and practices deployed offer the optimum level of efficiency while maintaining a standard and that techniques are used to ensure amplified industrial production.

Other management methods like Lean Six Sigma help manufacturers implement a methodology that requires a combined team effort to develop the levels of performance by analytically eradicating wastage and decreasing discrepancies. The methods used in this generation are evidently a mark of quality and assured reliability. This leads to better monitoring and evaluations of the workforce which is manageable and supported by standards that set quality assurance ideals. Since peaking in 1979, manufacturing logistics employment levels have misplaced around 8 million jobs. This is due to mechanization and other developmental processes that are enhancements which come with time. But, at the loss of eight million jobs, another 9 million have been created in various disciplines that support manufacturing and logistics like vocation, shipping, and services.

Unlike our predecessors who didn’t happen to live in the age of the information highway, our generation enjoys the bounties of science and technology that stir up markets by creating jobs and opportunities for businesses such as e-marketing, e-commerce, and web development. Such businesses have spawned industries that are in complete support of manufacturing logistic activities. Hicks elucidates, “Trade and productivity growth shift job opportunities to other places and other sectors even as employment grows. We are at peak US employment right now.” That means with the modernization of markets, corporations and businesses, the US is at its all-time high in matters of employment related to trade and growth in its productivity levels which further ensures the future of many professionals of this generation.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

 

Businessman analyzing growing 3D AR chart floating above digital tablet computer screen, showing successful increase in business profit
Cloud computing has gained prominence as one of the internet based computing models that has driven the world into actualizing greater efficiency and cost savings. Cloud computing enables the remote access of servers, storage, databases and application services over the internet to users across the globe. These web-based IT resources are available to users in a flexible and low-cost manner. In addition to this, cloud computing allows small-scale and infant businesses to use these cloud resources, saving the upfront investment cost required to build an IT structure from scratch. Moreover, deployment of applications on a global scale is now handled in a matter of a few minutes and clicks. Mentioned below are a few ways that cloud computing helps to induce economic growth.

Creation of Employment Opportunities

Cloud Computing ensures economic growth through the provision of new job opportunities. As cloud computing is employed by the smartphone services industry and aerospace sector, new pathways are opening up via construction and staffing of data centers that are required to host the cloud. Not only is additional staff being hired to operate and maintain the cloud through its data centers, but there is also an increasing need to ‘upskill’ the existing workforce. This upskilling is helping individuals to benefit from higher than average salaries. Higher salaries will directly impact the GDP per capita as the average income of the working class augments. Consequently, higher economic growth prevails in this society. In addition to this, the managerial staff that would otherwise be dealing with in-house IT resources may now concentrate on other more profitable segments of the business. Lower distraction and increased focus will eventually result in higher economic growth.

Cost Saving and Efficiency

Another one of the most eminent cloud computing factors driving economic growth is its ability to cut down costs and bring about efficient work practices. Small enterprises have been the primary beneficiaries of cloud computing in the sense that they have explored revenue opportunities through the cloud infrastructure, streamlining processes across the board, hence, gauging profitability. Cloud computing infrastructure tends to be more flexible as there is no up-front investment required for the set-up. Firms are required to pay for the server and infrastructure capacity as and when needed. These payments are in the form of commission. This allows for cost savings, as hardware installations costs are minimized. Moreover, this inculcates efficiency with no additional equipment, facility and utilities to be purchased for set-up. Cloud computing has successfully revolutionized traditional computing, enabling higher output using fewer resources – leading to economic growth in terms of efficiency.

Access to IT Infrastructure

The availability of IT resources and infrastructure is still lacking in many parts of the world, even today. Countries that have a shortage of IT professionals and the necessary IT resources can have access to these via cloud computing. This would require a reliable internet connection for accessibility. Once reliable connectivity has been established, IT resources can be used through the web, allowing for growth in even the remotest of areas. This is another way of driving economic growth into areas where IT infrastructure may be non-existent.

Increased Competition

Cloud computing has created innovative opportunities for small and medium enterprises to use the cloud technology and progress in their field of expertise. Infant industries that were initially faced with having to find start-up capital to acquire IT resources can now save on these start-up costs and innovate in production and provision of services using rigorous R&D services. Hence, risk-neutral entrepreneurs have now stepped into the leveled playing field as a result of major cost-savings through the use of cloud computing. As a result, competition has elevated, leading to lowered prices and availability of more substitute products and services for the everyday consumer.

Conclusion

Cloud computing has, therefore, brought about significant benefits that make way to higher profits, lower costs, upskilling of the workforce, the creation of new job opportunities, increased competition in the market and lower, more affordable prices. All these aim toward a better and more enhanced lifestyle within the economy, thereby fostering economic growth. 

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.