The “cloud” in cloud computing originated from the habit of drawing the internet as a fluffy cloud in network diagrams. No wonder the most popular meaning of cloud computing refers to running workloads over the internet remotely in a commercial provider’s data center—the so-called “public cloud” model. AWS (Amazon Web Services), Salesforce’s CRM system, and Google Cloud Platform all exemplify this popular notion of cloud computing.
Cloud computing at a glance
According to a study by the IDC, 50% of information technology will transition to the cloud within 5-10 years. Among the industries that rely heavily on data are the financial sector, telecommunications, technology, health care, government, advertising, retail, gaming, energy and data services.
Furthermore, 82% of companies have found significant savings in moving to the cloud. 60% of businesses already make use of cloud-based IT for operations. 82% of companies are also planning for a multi-cloud strategy.
These stats show that cloud computing holds much promise as a rising industry as well as a valuable resource for companies to take advantage of.
Cloud solutions for business
There are three different types of cloud solutions that businesses can choose from to find the best fit – private cloud, hybrid cloud and public cloud. Each offer different features and benefits. But with each type, the end result stays the same: cloud computing can be done wherever you are, at any time.
Private cloud works in industries with concerns for privacy, including medium businesses and more established enterprises that need to meet standards for security and compliance.
Hybrid cloud is for companies that prefer the security offered by private cloud. This type of cloud solution is best for workloads that are highly dynamic and prone to changeability. This includes enterprises that can be split into two spheres, sensitive and non-sensitive.
Hybrid cloud also works best for businesses with seasonal data spikes, big data processing, and those with workloads involving API compatibility and requiring solid connection to a network. Hybrid cloud takes its name from the fact that it is managed by both in-house and external resources.
Public cloud is for industries that have a significant amount of data with no major concerns for privacy. Companies that use this service opt for a pay-as-you-go structure. This type of cloud solution is managed by third party providers.
More benefits in the cloud
Now that you know the different types of cloud solutions available, it’s time to go over the benefits of moving to the cloud. As a growing trend, cloud computing offers many. Here are five of them.
1. Time-saving, on-demand services
Cloud computing features self-service delivery for different types of workloads and needs. What makes it so attractive to businesses is that any service can be available on-demand. This effectively removes the need for companies to maintain in-house IT staff, especially for small businesses, or manage physical computer resources.
Cloud hosting allows users to get access to their files from any device, anywhere and at any time. This means that files don’t get stored in just one computer, enabling faster operations and availability. Storing in the cloud also makes it safer for businesses to protect their files, with faster backup options and recovery in cases of breaches or similar scenarios.
One of the biggest benefits offered by cloud computing is its flexibility. People on your team can access files and information that are relevant to work anywhere and on any device. In a highly mobile world, this is especially important.
Increased flexibility and mobility enable businesses to let their employees use the devices they are comfortable with. This can include tablets, laptops and smartphones, helping employees improve their personal productivity.
3. Lower costs with pay per use
One of the best immediate benefits of moving your business to the cloud is that there is significant financial savings involved. Cloud computing fully makes use of hardware. With virtualisation, the value of the physical server is increased, giving businesses the opportunity to do more with less.
Cloud computing enables businesses, especially startups, to decrease the need for physical space, power usage, IT resources and more. As a result, there is a lower need for installation, maintenance, upgrades and costs for support and hardware. For SMBs, this is a valuable way of saving resources so they can concentrate on online growth.
4. Improved collaboration
Productivity is increased by cloud computing due to its accessibility. Since everyone who needs access to files and data can get them wherever they are, there is less need for employees to be in the same room. This is especially relevant for workers or employees who need to travel a lot.
Teams in different locations all over the globe can readily collaborate on projects without needing to actually meet. Easy sharing and real time updates on files are facilitated, and more things will get done with web conferencing for meetings.
5. Enhanced security with instant updates
There is increased security for companies as software is automatically updated, bugs are fixed and content is remotely stored.
Those who have doubts on what the cloud has to offer are concerned about the safety of data outside the company’s internal firewall. The truth is, due to the robust security standards established by ISO, safety is increased when cloud solutions are used. Moreover, cloud providers are strictly required to follow the rules.