GBB MD urges businesses, SMEs to embrace cloud computing to optimise costs, boost productivity
…Says it is an ingredient for accelerated economic growth
The Managing Director of Galaxy Back bone Limited, Professor Muhammad Bello Abubakar has urged businesses, SMEs to embrace cloud computing to optimise costs and boost productivity.
Delivering a speech at the Nigeria Computer Society 2023 International Conference themed “Communications and e-Systems for Economic Stability” on “An Analysis of Cloud Computing Towards Economic Growth” in Bauchi, Prof. Muhammad Bello Abubakar stated that embracing Cloud Computing is critical for a stable and sustained economic growth.
“It is therefore paramount that organisations embrace the technology and explore its endless possibilities by unlocking its potentials. It provides enormous cost-savings, productivity through increased efficiency and effectiveness, guarantee scalability, promote collaboration and facilitate market entry for SMEs, foster innovation, and enable global reach.”
He stated that as businesses continue to leverage cloud-based technologies, economic growth is expected to be further accelerated, creating a more connected and digitally-driven economy.
Speaking further, the GBB MD acknowledged the numerous benefits that comes with the Cloud Computing noting the need to ensure data sovereignty, data security, privacy and protection.
Listing some of the benefits of Cloud Computing, Prof Abubakar said cloud computing eliminates the need for businesses to invest heavily in hardware, software, and IT infrastructure.
“Instead of upfront capital expenses, organisations can now leverage cloud services on a pay-per-use basis, leading to significant cost savings. The technology enables businesses to access computing resources and applications anytime, anywhere. This flexibility allows for streamlined collaboration, faster decision making, and improved operational efficiency.”
He added that Cloud computing offers businesses the ability to scale their resources up or down according to their demand.
“This scalability allows companies to take advantage of opportunities without incurring high infrastructure costs. Most importantly, it provides a level playing field for Small and Medium-sized Enterprises (SMEs) by removing entry barriers related to technology infrastructure.
“Through it, SMEs can access the same computing power, software, and storage as is the case for larger corporations and at affordable prices. This enables SMEs to compete in the digital economy space, expand their customer base, and drive economic growth,” he said.
Speaking further, he said businesses are able to expand their operations beyond traditional geographical boundaries owing to attendant advantages that comes with the Cloud computing.
Prof Abubakar called for collaboration to build a brighter, more connected, safe, secure, protected and economically prosperous Nigeria leveraging the Cloud Computing Technology.
