In the dynamic Malaysian business landscape, SMEs form 98.5% of businesses and contribute 36.6% to the Gross Domestic Product (GDP). They're not just players; they are the driving force behind economic growth. Cloud solutions have become indispensable, serving as a key for digital success. The recent Time Digital Masterclass highlighted the importance of cloud, emphasising how they redefine operations, boost scalability, and fortify data security.
During the webinar, Sashi, our speaker shared insights on key considerations for SMEs choosing between private and public cloud solutions. "The decision boils down to business size, goals and requirements. Private clouds suit companies requiring significant resources and compliance adherence, while public clouds offer a combination of scalability, cost-effectiveness, and shared infrastructure," she said.
Cloud solutions aren't just tools; they are the cornerstone of SME success, providing scalability and cost savings, providing access to scalable resources, cost reduction, top-tier data security, and improved disaster recovery capabilities. These advantages empower SMEs to focus on core operations, adapt to market needs, and confidently compete in the digital landscape.
When asked for guidance on exploring or enhancing cloud solutions for digital success, Sashi emphasised key steps: "To succeed, outline clear objectives, conduct a meticulous cloud readiness assessment, select the suitable cloud model, and implement robust data protection measures. Don’t forget the safety net - a business continuity plan (BCP) with disaster recovery, if needed."
Additionally, Sashi touched on future cloud trends and emerging technologies to look out for. Her hope is for SMEs to thrive in the digital era by making informed choices, embracing scalability, and staying resilient for sustained growth. Sashi envisions SMEs emerging as pioneers, equipped with digital tools, conquering challenges, and shaping industries.
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