Advancements in technology often benefit businesses, as technology can streamline operational processes and even help cut overall costs. One key technology that stands out and has been rapidly gaining popularity and traction is cloud computing.
From helping businesses run more efficiently to reducing operational costs and giving organizations a competitive edge, the cloud has numerous benefits companies should be excited to take advantage of.
However, a surprising number of small and large companies are still resistant to the cloud. If you’re still undecided, here are some reasons why you should consider using cloud computing in your business.
Understanding Cloud Computing
Before taking advantage of the benefits and mitigating potential risks, you need to have a basic understanding of cloud computing. Okay, before you start searching the sky for the cloud holding your business data, that’s not what the term means.
Simply put, cloud computing means everything from servers, databases, networking software, data storage, intelligence, and analytics are stored off-site. In other words, you can get rid of your extensive bank of servers and rely on the cloud. Accessing the data in the cloud is as easy as going online. You access the cloud via the Internet, so all you need is an Internet-enabled device to connect to it.
Did You Know There’s More Than One Type of Cloud
Cloud service models vary to meet different needs, as it’s not a one-size-fits-all type of data storage solution. In fact, the cloud also includes access to functional programs like remote hosting, customer service tools, and accounting software.
Here’s a quick look at the three main cloud models, which include infrastructure, platform, and software:
- Infrastructure as a Service (IaaS): IaaS refers to rentable IT infrastructure, which includes servers and networks from the cloud provider. Most use a pay-as-you-go structure, but this does vary from provider to provider.
- Platform as a Service (PaaS): These providers supply web portals, APIs, and gateway software to businesses. Companies lacking onboard software developers or some tools often take advantage of PaaS services.
- Software as a Service (SaaS): Using SaaS, you can access necessary software via the internet. Some of the applications include assisting workers on collaborative projects, directly downloading files, and working on computer programs. Most SaaS providers charge a monthly or annual fee, allowing you to choose which one works best for your business.
How Data is Stored in the Cloud
Data is stored either in a public, private, or hybrid cloud. Most cloud storage is secure, with limited security risks. Often, cloud storage is safer than using a company server. However, you always want to check the provider’s storage model to ensure it meets or exceeds all industry data security compliance requirements.
- The public cloud shares the infrastructure with all users. Everyone has a private cloud but uses the same offsite storage system. If cost, flexibility, and access to the latest technology are crucial to your business, the public cloud may be the ideal solution.
- A private cloud uses your existing hardware and software. The cloud is managed onsite by your IT team. While it’s more expensive than a public cloud, you have exclusive access to the stored data.
- Mixing a private and public cloud gives you the hybrid model. Think of it as getting the best of both worlds. You can manage some data in-house and send the rest offsite. With a hybrid cloud, you get flexibility and some cost savings over a private cloud.
When you’re choosing a particular type of cloud solution, try to carefully think about what will work best for your business and your needs.
Benefits of Cloud Computing
So, what are some of the benefits associated with cloud computing? Here’s a look at some of the common ones.
Easily Access Data
Instead of going into an office every time you need to access stored data, you just need to grab any internet-connected device. After inputting the correct credentials, typically a password, you can access the data from almost anywhere, which is a definite advantage With remote work becoming more common in the workplace.
Helps Ensure Consistency
Sometimes, multiple team members need access to the same data. With cloud computing, everyone can access the files as needed, even simultaneously. Each time data is added to the file, and team members see it reflected in real-time, helping to keep operations running smoothly. Instant access to the latest information can also help mitigate any mistakes.
Easily Scalable
Sometimes, you need multiple people to access stored data. When the project ends, certain employees may no longer need access. With cloud computing, it’s easy to scale up or down as necessary. Best of all, there aren’t additional expenses associated with the number of people accessing the cloud. You also don’t have to worry about running out of capacity. The cloud can grow with your business.
Backing Up and Restoring Data is a Breeze
Losing data can be a disaster that can take years for a business to recover from. Everything from a hardware failure to power surges and a natural disaster can wipe out your stored data.
Sometimes, it’s impossible to recover all of the information. Simply backing up your data in the cloud ensures it’s always there when needed. This way, losing your company’s data is one less thing you need to worry about.
The Cloud is Cost-Effective
Even if you go with a cloud subscription service, your company is still lowering operational costs. Purchasing and maintaining hardware and software applications can easily become expensive.
You can eliminate the need for an in-house IT specialist and forego the costs associated with setting up the necessary infrastructure. You can apply the savings to growing your business.
Taking Your Business to the Cloud Just Makes Sense
Now that you know more about cloud computing, including the potential benefits it can provide, you can far better understand why it may make sense to implement the technology in your own business.
So whether you choose a public, private, or hybrid cloud, you’re streamlining operations and lowering costs all along the way.
