Cloud technology has become an integral part of enterprises of all sizes and across various industries.  In this article, let’s discuss why more and more businesses are moving to the cloud every day.

Theoretically, cloud computing uses high-end remote servers, mostly over the internet, to store, process, and manage crucial enterprise data. The use of cloud servers to store data has immensely helped in fueling the growth of enterprises in more than one ways, in recent times.

During the course of this article, we will discuss the many reasons why every business, big or small needs cloud technology in the current market scenario.

What Makes Cloud Technology Indispensable?

In a highly competitive global business environment, the freedom of accessing a file over the internet across different continents even when you are on the go, with utmost ease, has become a necessity rather than a luxury. Here are three of the most significant reasons why cloud computing is indispensable in the business world today:

Easy Access to Real-Time Data

All your data is stored securely on the cloud. The onus of the system’s backup and maintenance lies on the cloud service provider. With cloud-based solutions, companies do not have to worry about losing their data. Cloud technology makes it possible to access real-time data at any time, no matter where you are. 

Your information on the cloud can be accessed using a web-based or a mobile-based application instantly. This ensures that you make timely and informed decisions even when you are on the move.

Scalability

Cloud computing solutions can scale easily to accommodate the growth of your business. On-premise systems require substantial infrastructural changes. Scaling them requires a substantial amount of time and resources. 

With cloud computing, businesses can add or remove features and users as and when they like without having to buy more software or hardware.  You can also scale back the solution so that you do not have to pay for the features that you do not find yourself using at all. 

Economical and Easy to Maintain

Building and maintaining the infrastructure to support an on-premise solution can be quite costly. Cloud technology allows you to use software as a service. You pay only for the services and features that you use. 

Moreover, you are spared from the hassle of procuring and managing dedicated servers and other networking infrastructure. This significantly reduces the cost of the software. 

Furthermore, you do not need a dedicated team of IT professionals to maintain, update and troubleshoot the software.. In other words, you can improve the IT capabilities of your company without investing a huge sum towards its infrastructure.

Advantages of Cloud Technology

The Concept of the Virtual Office

The concept of virtual office would never have seen the light of the day, had it not been for cloud technology. Cloud computing has nurtured many first generation entrepreneurs. It has made it possible to sit in one corner of the world and manage an entire enterprise thousands of miles away. 

It has also paved the way for a better work-life balance. Mobile apps as a result of  advanced cloud technology, allow you to get things done on the go without having to spend extended hours in the office.

Real-Time Data

Real-time data is critical for effective decision making. Cloud technology makes it possible for businesses to make decisions based on the most current and accurate data. 

 Real-time data enables you to detect any potential issues early on so that you can nip them in the bud before they become a serious threat to your business.

Operational Agility

Cloud technology makes business processes more agile. In a dynamic market with cutthroat competition, businesses cannot afford to fall back in the race because of bandwidth issues. Cloud technology ensures that your business can scale in time so that you never miss out on an opportunity. .

Data Security and Disaster Management

Data Security and backups are crucial to ensure seamless operations. Earlier, only the bigger enterprises with deep pockets could afford the heavy-duty machinery and the costly expertise to keep data secure and prepare for any disasters. Cloud computing eliminates the need for hardware replicas at the disaster recovery site by running a hyper-visor at a remote site.

Centralized Data Center 

In the modern business scenario, it is becoming increasingly common to see employees collaborating with each other across different time zones. It’s impossible to maintain a flawless physical filing system to store data. Maintaining data manually using spreadsheets can lead to many discrepancies and inconsistencies.

Cloud computing technology allows you to store data on a centralized system, creating a single source of truth and eliminating the need for multiple files and spreadsheets. It provides secured access to only authorized individuals.

The Future of Cloud Computing

Cloud computing, no doubt, is here to stay. Trade experts have prophesied that exciting things are in store for the future of cloud technology. 

Not only will the Cloud technology continue to benefit industries across all verticals, but it will also be helpful in creating job opportunities. The future will see more hybrid computing setups in business enterprises. 

Bracket Computing founder, Tom Gillis opines that the future of cloud lies in sharing workloads through multiple public clouds managed by a single set of controls.

Conclusion

Cloud computing facilitates operational efficiency and cost-effectiveness. It has become commonplace in every organization, irrespective of its size and nature of the business. It empowers businesses with real-time data and helps it thrive in a highly competitive environment.

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