In layman terms, it is about using your computing services such as data storage and applications, on the internet, directly, instead of using in-house software to protect, store and share your data. Internet connection is the only thing you need to have access to your data regardless of what part of the globe you’re living at and of course, a device like a smartphone, tablet or a PC is required. Today, several companies are switching to cloud computing and this phenomenon is usually phrased as “moving to the cloud”.
The service providers fall under the umbrella of one of the three broad groups: Software as a service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). There is no doubt that this system has become an indispensable tool for every company today.
Now that you have the know-how about the term, you need to know why people are switching to cloud-based software and what are the perks it has to offer.
1. Affordability
Affordability has remained consistent over the period of time. It’s simple math. If you switch to cloud computing, you definitely save the labor cost and the in-house software cost.
According to market.us, the global Cloud Computing Market was valued at USD 522 billion in 2022. It is expected to reach USD 2,972.6 billion at a CAGR of 19% between 2022 to 2032.
The payment model is termed as pay-as-you-go or a subscription-based model, in which you are charged for the services you choose; hence, you’re able to save even more.
Question, how can the latest technology be offered at a low cost? Simple answer, economies of scale. The larger the number of companies moving to cloud, the better the rates, while maintaining huge profits, simultaneously. It’s all sustainable.
2. All-in-one package
If you are looking for a comprehensive solution for backing up your data even when your systems are hacked, cloud computing is the perfect thing for you. These products are overlooked by professional data experts; hence there is no chance of your data to be lost.
3. Automatic updates
The best part of cloud computing is that its servers are completely out of your sight and out of your premises. The suppliers are constantly monitoring and updating your software on regular basis. There are a lot of IT services professionals that will help you assess, deploy, and manage technology solutions in a cloud-first world. You save a lot of time and you can concentrate on the primary part of your business.
4. Compete with the giants
Even startups can avail this service and can have full access to enterprise-class technology while competing with the established players of the industry at the same level. Thus, small businesses can rather focus on development and disruption of their innovative products.
5. Extremely flexible
The service is totally flexible in terms of providing you the exact amount of service that you need. For instance, if you encounter fluctuating bandwidths on your website, you may alter or tailor your cloud capacity. Thus, cloud computing makes it easier for you to stay ahead in the competition.
6. Long-term sustainability
Cloud computing providers definitely understood the importance of projecting financial statements; hence they’ve made the periodic payments of their service quite predictable. Now you won’t be going through the hassle of investing in your IT department every two or four years, since all your requests will be dealt with outsource technical support.
7. Mobility
Portability is not just limited to your laptop, now you need your office setup anywhere in the world. As mentioned earlier, a stable internet connection and a device are all you need to access your valuable data and this advantage can be provided only via cloud computing.
8. Security
You were probably worried about losing your data when your laptop was attacked by a virus. But, cloud computing takes care of your sensitive data even in this situation. Regardless of what happens to your device (laptop, smartphone, tablet, etc.), your data remains secure and protected at all times.
9. Collaboration at its best
Forget about the old and traditional ways of teamwork. No need to meet physically and take follow-ups after your company moves to the cloud. You can foster collaboration in your workplace by using different cloud-based software, such as Futuramo collaboration platform, to achieve better results, boost productivity and efficiency in your team.
One link and everyone in your organization can access, share and edit files, regardless of the geography and time. All your team members can collaborate easily without having to move from their workstations and hence you can easily track and monitor their work.
10. Fully integrated
The discussion drills down to the most significant part at the end, can it be integrated? Fortunately, cloud computing is compatible with other platforms and IT systems, as it is based on certain industry standards for exchanging data.
11. Documentation
Long gone are the days when you used to attach important documents to the email and end up in some sort of disorganized mess of folders, titles, and formats. You can avoid that hassle now, by switching to a cloud and you’ll be able to share the data far more efficiently.
According to a research, on a monthly basis, 73% of the information collaborated and shared is among people located in different geographies and time zones.
Nothing can convince you better than the above statement to switch to a cloud and avail the above-mentioned advantages of it.
About the author:
Jessica Raymond is the Marketing Director of BitTitan which empowers IT services professionals to assess, deploy, and manage technology solutions in a cloud-first world. With 15+ years of experience building, leading and managing marketing organizations in dynamic, high-tech environments.
