Important Benefits of Cloud Computing That You Should Know
Cloud Computing Benefits:
Cloud computing has existed for nearly two decades. Despite the fact that it offers many benefits, including cost-benefits and competitive advantages, large numbers of businesses continue to use it without realizing them. A study by International Data Group found that 69% of businesses already use cloud technology in some capacity, while 18% plan to adopt cloud computing solutions at some point. According to Dell, companies that invest heavily in big data, cloud, and mobility enjoy a 53% higher rate of revenue growth than their competition. This data shows that a growing number of tech-savvy companies and industry leaders are recognizing the many benefits of cloud computing. They are also using the technology to improve their businesses, serve customers better, and increase their overall profit margins.
94% of businesses reported an increase in security following the switch to cloud computing.
This all seems to suggest that, given the direction the industry is heading in, it’s never been more important to get your head in the cloud.
Cloud computing has been gaining popularity in recent years. It is becoming increasingly difficult for organizations and individuals to keep their critical information, programs, and systems running on their own computers, due to the rapid increase in data usage that has accompanied the transition into the digital 21st Century. This problem has been solved for almost as long as the internet. Cloud computing play important role in problem-solving on the internet. However, it has just recently become widely used by businesses.
Cloud computing works on the same principle as a web-based email client. Users can access all the features and files without needing to store the majority of that system on their computers. Many people use cloud computing services, even though they don’t know it. Gmail, Google Drive, and TurboTax are all cloud-based apps. Users send their personal data to the cloud-hosted server, which stores it for later access. These applications are useful for personal use but even more so for businesses who need to access large quantities of data via an online connection.
Employees can, for example, access customer information via cloud CRM software like Salesforce using their smartphones or tablets at home or abroad. It’s a huge benefit of cloud computing. They can also share this information quickly with authorized parties around the globe.
There are still leaders who are hesitant to commit to cloud computing solutions for their organizations. We’d like to share the 12 benefits of cloud computing with you in a few moments.
1. Cost Savings
You are not the only one who is concerned about the cost of cloud computing. 20% of organizations are also worried about the initial costs of cloud computing. However, those trying to evaluate the benefits and drawbacks of cloud computing need to look beyond the initial cost. They also need to consider the ROI.
Cloud computing will allow you to save time and money on project startup by allowing you easy access to your company’s data. Cloud-computing services can be paid as you go, so it’s not a concern that you’ll have to pay for features that you don’t need or want. If you don’t use the cloud’s features, you won’t be spending money.
Pay-as-you-go also applies to the data storage space required to service your clients and stakeholders. This means you will get the exact amount you need and you won’t be charged extra for space you don’t use. These factors combine to bring lower costs and better returns. Bitglass surveyed half of the CIOs and IT leaders who reported that cloud-based applications resulted in cost savings for 2015.
Poor quality reporting is one of the biggest hindrances to a company’s success. All documents can be stored in one location and in one format in a cloud-based platform. You can keep data consistent, avoid human error, and keep track of revisions and updates by having everyone access the same information. However, if the information is managed in silos, employees may accidentally save different versions of documents. This can lead to confusion and diluted data.
Cloud computing is a popular option for many organizations. How can you be sure that files, programs, and other data are protected if they’re not kept on-site? What’s to stop a cybercriminal from accessing your data remotely?
One, the cloud host’s primary job is to monitor security. This is significantly more efficient than an in-house system where organizations must split their efforts among a multitude of IT issues. While most businesses aren’t open to the possibility of data theft within their organization, a shockingly large percentage of data thefts happen internally and are committed by employees. It can be safer to keep sensitive information offsite when this is true. This is obviously abstract. Let’s look at some solid statistics.
RapidScale claims 94% of businesses experienced an increase in security when switching to the cloud. 91% also claimed that the cloud made it easier for them to comply with government regulations. This increased security can be attributed to the encryption of data that is transmitted over networks and stored on databases. Encryption makes your information less accessible to hackers and anyone else who is not authorized to see it. Cloud-based services can have different security settings depending on who is using them. Only 9% of cloud users can claim disaster recovery within four hours, while 20% of cloud users are capable of doing so in less than four hours.