A staggering 83 percent of enterprise workloads will be running on cloud platforms by 2020. This number is estimated to reach 95 percent by 2022. Increasingly more businesses are leveraging the power of cloud technology to store sensitive data, increase security and reduce expenses.
In 2018, the public cloud computing market reached $141 billion. As a result, companies use this technology to keep their IT costs down. Others say that it offers greater scalability and data security.
With cloud computing, you have access to more storage options and flexible solutions to support fluctuating workloads. Plus, it’s easier to retrieve your information and resume your day-to-day activities in case of a disaster like data breaches or equipment failure.
Need more proof? Let’s take a closer look at five key benefits of cloud computing.
1. COST SAVINGS
Cloud technology uses remote resources, eliminating the need to invest in expensive hardware, utilities, and special equipment.
Moreover, you no longer have to wait for software and hardware to be configured. You can develop, improve, and manage software applications in the cloud on spot. Plus, there’s no need to purchase and install more hardware in case of system failure.
With cloud computing, organizations can expect to see reductions in IT spending as well as in operational and maintenance costs.
2. GREATER MOBILITY
In this digital age, more and more people, both freelancers and employees, are working remotely. This business model has been shown to increase productivity and efficiency while reducing employee stress levels and boosting morale.
Cloud computing makes it easier for your team to work remotely and collaborate on the go.
With this technology, your employees can access, exchange, and manage information on any computer or mobile device. They no longer need to be physically present in the office to work on projects and complete their tasks.
The files stored in the cloud can be easily processed and retrieved with a few clicks.
3. FLEXIBILITY AND SCALABILITY
Cloud computing gives you more control over your budget. Simply choose a plan that suits your needs and upgrade it later if necessary.
By switching to this technology, you won’t need to purchase and install expensive upgrades yourself. Cloud-based solutions allow companies to easily scale up or down their cloud capacity when dealing with fluctuating bandwidth demands.
Planning to launch a new app or software product but you’re worried about the underlying infrastructure costs? With cloud computing, this will no longer be a problem.
Additionally, cloud technology makes it easier for companies to get their apps to the market quickly and start generating revenue.
5. INCREASED SECURITY
Data breaches, malware, natural disasters, theft, and other common issues could force your business to hefty fines or even close its doors. Lost laptops, for example, can leave your customer data exposed and lead to expensive lawsuits.
When your data is stored in the cloud, you don’t have to worry about these problems. Finally, you’ll be able to access your files 24/7, no matter what happens to your PC or laptop.
In case of a data breach or natural disaster, you can retrieve your information within hours.
LEVERAGE THE BENEFITS OF CLOUD COMPUTING
There are many other benefits of cloud computing. This technology can give you a competitive edge, improve collaboration, and streamline time-consuming tasks. It’s one of the best investments you can make in your business.
Interested to find out more? Contact our team to discuss your IT needs and how to achieve your business goals!