Cloud service costs are on the rise: How to choose the best productivity solution for your business
The cloud technology landscape is
witnessing a significant transformation as cloud costs continue to climb. SaaS
solutions surged in popularity during the pandemic due to their timely
flexibility and convenience, but with an ever-increasing trend in SaaS prices,
companies now find themselves re-evaluating their use of of cloud services as
they become unsuitable for their needs.
With a 20% projected increase in
worldwide SaaS end-user spending this year, Gartner predicts that
60% of infrastructure and operations leaders will face cost overruns in public
cloud service spending that will negatively impact their budgets. The widespread
adoption of cloud storage services has only exacerbated the financial strain on
enterprise budgets.
Major players in the SaaS productivity
industry such as Google Workspace recently
started rolling out 20% price hikes to their subscription plans, with Microsoft 365
preceding them in 2023 with a 9% increase to their office applications. Aside
from plan price increases, the industry is also facing “SaaS shrinkflation”,
where vendors don’t change their listed prices, but rather offer reduced
functionality at the same rates.
As a result, organizations are finding
their SaaS unsuitable, which some have described as a poor return on their cloud
investments. However, switching from one SaaS productivity suite to
another can come with a hefty price tag. The switch supposes significant costs
and operational disruptions to businesses. Moreover, the risk of vendor lock-in
further complicates matters, as organizations become tied to their existing
plans, making it increasingly difficult to switch providers.
In response, many companies have
started to explore on-premise private cloud
solutions as more stable and cost-effective options in the long
run. SaaS productivity tools may offer convenience in some aspects, but they
may not always be the optimal choice to handle critical business workloads due
to the limited control it offers over the server. Meanwhile, private cloud
productivity solutions like Synology Office Suite offer an all-in-one workspace
to help businesses boost their productivity.
Synology Office Suite provides a
comprehensive on-premise productivity suite with essential tools at a one-time
purchase. Offering complete data ownership and seamless communication and
collaboration tools including cloud
storage, email systems, calendar scheduling, contacts management, instant
messaging, note-taking, and real-time collaboration apps.
Like this, businesses can benefit from
a cost-efficient solution and avoid disruptions associated with migrating
services due to plan changes. By emphasizing data ownership and security
without recurring subscription fees, organizations can safeguard their data and
maintain productivity in the private cloud, in face of market fluctuations.
Join our productivity solutions webinar
to explore how Synology Office Suite boosts productivity for your
enterprise: https://sy.to/z8uf2
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