Cloud computing opens up new opportunities for manufacturers to innovate and grow. For example, in 2018, total spending on cloud service platforms was estimated to reach $ 4.2 billion, an increase of 23%. These are not small figures, of course, and are estimated to grow from just $ 19.1 billion in 2017 to $ 28.8 billion in 2028. That’s a 7% combined annual growth rate (CAGR)!
Today, manufacturing companies of all sizes face the option of adopting cloud technology or jeopardizing the chances of losing long-term growth. To better understand how the cloud is shaping the manufacturing industry, we are reviewing how cloud-based innovations are impacting and improving production.
Minimize costs for cloud manufacturers
Cloud power can contribute to minimizing production costs. When you use an OpenStack-based cloud service, you don’t have to invest in infrastructure right away. You have the freedom to expand or shrink your business according to your needs and the flexibility to upgrade from a hosted solution to a local solution later if your business needs it. With the OpenStack cloud, you can access the resources you need, just when you need them. These savings add extra resources to budgeting for other areas of the company. Something for which your total return will thank you.
Delivery on request
In order for manufacturers to offer orders, they need to get a comprehensive picture of demand. Companies can create appropriate forecasts with manufacturing software that gets their power from the cloud. These cloud-based forecasts, which vary throughout the year, can help determine both demand and capacity planning. Cloud-based applications help create device history records, making it easy to save time for manual cataloging and other tasks. This means you can maximize the delivery process. When your company is able to identify gaps in its delivery strategy, when it is able to make the necessary changes.
Manage data effectively
Manufacturers who want to keep up to date with current trends need to keep a close eye on the latest information. Through the OpenStack-based cloud, companies can efficiently store and manage data securely. By creating a knowledge base that allows them to track demand, deliveries, and stock availability. These comprehensive databases allow companies to grow their business accurately.
One of the most important aspects of accessing information through a cloud service is that it must be secure and easy to share. APIs enable real-time integration links for collaboration and data sharing. Real-time traceability is possible in supplier networks and over a wide area. This is important because there must be access to information at all relevant levels of the supply chain. Getting information at your fingertips gives your business the freedom to grow.
Manufacturers of all sizes can benefit from the cloud service. Are you going to upgrade to the version private cloud solution? VEXXHOST has experience in deploying OpenStack-based clouds for large and small businesses. No matter what industry you are in, we have belonged. Contact us Learn more about how we can help you update your business strategy in the cloud today.