[In the News]: Top 5 Cloud ERP Myths of 2018

While cloud technology has been around for years, it’s evolving like never before. Companies of all shapes and sizes are still learning to adapt to the technology, while others may not even know why or how to leverage it. Businesses today aren’t only responsible for managing IT professionals, but also for supporting business growth by driving innovation, reducing costs, and building a strategic advantage. Cloud technology can achieve all of these goals by lowering total costs and freeing up resources.

However, despite the many benefits, there are still companies who don’t utilize the technology. Cloud computing is no longer a ploy – it’s a necessity. Misinformation is often a top barrier for companies when considering cloud adoption. From total cost to security, here are the top five cloud ERP myths in 2018, busted.

1. Cloud ERP is Difficult to Manage

When it comes to the cloud, it takes fewer people to do more work. With a minimal learning curve on hardware and software issues, businesses will benefit from cloud technology without having to re-train or dedicate significant resources to manage it and also freeing up time to work on other projects.

2. Cloud ERP is Expensive

Many believe that the cost of upgrading an entire system to the cloud is more expensive than staying on-premise, while others believe that cloud is significantly less expensive. This is a tough myth to crack because either could technically be true. Depending on a number of factors such as the amount of applications and data stored, number of users, backup needs, and high availability, cloud ERP could initially cost more up-front. Or, in the vast majority of cases, it costs significantly less.

3. Clouds Aren’t Secure

Organizations are generally cautious about giving up visibility and control, particularly in place of business-critical applications. With 24-hour, 365-day yearly protection from expert security teams, strict policies, periodic audits, and penetration testing for regulatory compliance and automatic hardware and software updates, businesses can be confident that data is protected. No business is immune to disaster. Whether it’s a hurricane, fire, or flood, if your ERP is in the cloud, all information and applications are safe since the cloud always utilizes multiple data centers with geographic disparity.

4. Moving to the Cloud from On-Premise is Complex

Cloud technologies weren’t as developed or refined years ago, and many companies who were early adaptors had to navigate their own implementations. This is far from the truth today, and cloud technology is much simpler. Thankfully, now enterprises no longer have to go it alone. There are many dedicated professional services teams who help enterprises implement the technology and offer training for IT staff.

5. Clouds Will Replace Jobs

While cloud computing automates certain tasks, many predict it could actually increase the number of workers in the field. With lower costs and greater ease of use, the growth of cloud computing will enable job growth associated with cloud environments and applications and free up worker’s time since they do not have to manage infrastructure that the cloud provider is doing. Job titles and descriptions may change, but the need for human resources to manage cloud projects remains.

The Future of the Cloud

As the majority of businesses have invested at least somewhat in cloud technology, those who have yet to implement it will soon find themselves at a competitive disadvantage. While many myths around the specifics of cloud technology exist, one truth remains – cloud computing will continue to dominate and accelerate successful enterprise digital transformation.

Read the full article at ERP News.