Benefits of Cloud Computing
Cloud Computing has become mainstream over the decades, and for obvious reasons. Businesses have found it to be an efficient and cost-effective way of managing their computing needs, from servers and storage to networking and intelligence. It certainly gives your business a competitive edge and statistics show that up to 69% of businesses have already turned to cloud technology for some or all of their computing needs. According to a report from Dell, companies investing in cloud, big data, security, and mobility can enjoy 53% speedier growth in their revenues as compared to their competitors.
If you are considering options, here are 3 main benefits of cloud computing:
- Cost Optimization
Switching to the cloud does come with a price tag, and you might be among the 20 percent of organizations that are concerned about these initial costs. However, there are more factors that should be taken into consideration rather than just the initial implementation costs. Considering ROI can actually give you a clearer picture. Being able to get quick access to important company data helps you save money and time in your project startups.
Taking advantage of cloud infrastructure means that there is no need to buy and maintain expensive equipment. So, that brings your Capex costs down significantly. When all your company assets are on a cloud, you won’t have to spend on expensive hardware, utilities, facilities, or building a massive data center for your business’ growth. You can also cut down on staffing costs that would otherwise be needed for managing your data center operations. The staff at your cloud provider will offer expertise to manage the backend stuff for you.
The best part is that most providers offer pay-as-you-go cloud computing services. So, that means you’ll only be paying for resources that you’ll use. It also applies to the storage space required to serve the needs of your clients and stakeholders.
Taking all these factors into account, cloud computing does come with low costs and high ROI. Surveys have revealed that most of the IT leaders and CIOs report significant cost savings by switching to cloud-based applications.
- Enhanced Security
When switching to cloud computing, one of the biggest concerns is security. Many organizations are wary of security breaches and data misuse when looking for options to store their programs, files, and important data in a remote storage location. To be honest, cloud solution providers have come a long way to offer enhanced security to their customers. Today’s cloud providers take security very seriously, and they take security monitoring as a full-time job. The level of security you get in a cloud environment is certainly greater than what a typical in-house system can offer. Internal data theft has been a growing concern and, therefore, keeping sensitive company data offsite is the best choice.
Cloud-based solutions have strict security measures in place, from authentication and access control to encryption, and this helps keep sensitive information safe and away from the reach of hackers. Most organizations supplement these baseline protections with their additional security measures to keep everything safe and secure.
One of the best things about cloud solutions is that they are scalable and allow organizations to quickly and efficiently scale their IT departments up/down depending on their changing needs. Cloud-based solutions can easily cater to the growing bandwidth demands of your business without requiring you to invest in any kind of physical infrastructure. This type of agility certainly gives businesses that rely on cloud computing a serious competitive edge. This scalability also reduces the risks often associated with operational and maintenance issues of in-house data center management. Cloud-based solutions ensure that you have the best resources available at your disposal without any up-front investment.
With these key benefits, and many more, cloud computing is becoming a new trend with an increasing number of companies choosing cloud-based solutions every year. So, it’s high time that you look into your options and switch to the secure, scalable, and cost-effective cloud infrastructure to gain that associated competitive edge.