Why the time is right for asset managers to adopt cloudbased solutions For years, asset management software firms have been crippled by factors such as fear of security, compliance issues and reluctance to embark on the journey of digital transformation that has led other industries to achieve too big in too little time and effort.
However, some firms have now realized that security is not an issue and embraced the vast array of cloud-based solution providers for all asset tracking management needs. The trust is built in the thirdparty asset tracking solutions provider by their levels of protection provided for sensitive data, their policies and procedures. Now, compliance and best practices are the priority for service providers. With projection as positive as 95% of all global businesses moving to cloud by 2020, this is the right time for asset managers to take the plunge.
Since, cloud-based solutions reduce the burden of infrastructure, it is always a good idea to explore some of the other benefits that they can offer to this department: 1. Flexibility: Cloud solutions are ideal for asset tracking companies in the era of fluctuating bandwidth and growing demands. It’s convenient to scale up or down the cloud capacity as and when required. 2. Increased collaboration: Cloud-based applications allows real time sharing and updating of files giving the work flow a full transparency for tie-ups. 3. Control: Cloud computing helps in central storage of all files and data with easier access and better visibility. For an asset management platform, this would mean a better bottom line. 4. Competitive edge: Moving to cloud gives even the small businesses an exponential edge with which they can compete better. 5. Automation: Just because the servers are out of sight does not mean they are not managed well. Suppliers save your precious time that would have otherwise been spent in software maintenance by rolling out automatic system and security updates. Moving to cloud today is an undebatable exercise that is being adopted by many third-party asset tracking system providers.