Cloud Computing - A New Paradigm in the IT Industry
In the world of Information Technology, a new concept
emerges as being the next great leap in technology in every few years. One of
the current concepts trending in the IT world is Cloud Computing and with its
use, organizations do not have to make large upfront investments in hardware
and spend a lot of time on managing any particular hardware.
It is a model for supporting appropriate, on-demand
network-based access to a mutual pool of configurable computing resources that can
be quickly endowed and issued with least management effort or service provider
interactions. Cloud computing technology
allows you to access all the features and files of the system without having
the need to keep bulk on computer systems.
69% of businesses are utilizing cloud technology in one
capacity, and on the other side, 18% plan to execute cloud-computing solutions at
a certain point, reveals a recent study by the International Data Group. Even
Dell has reported that companies investing in big data, cloud, security, and
mobility enjoy up to 53% faster revenue growth as compared to their
competitors.
According to the available data, the tech-savvy businesses
and industry leaders are apprehending the many advantages of cloud computing to
efficiently run their organizations and increase overall profit margins. Below
mentioned are the business advantages of cloud
computing:
1. Reduced IT costs
Moving to the cloud can really be beneficial in reducing the
cost of maintaining and handling your IT systems. The downtime is rare in cloud
systems thus, saving money and time to fix certain issues related to downtime.
You can diminish your costs by using the resources of cloud computing service providers, as they help to eliminate the
need for procuring expensive systems and equipment for your organization. Moreover,
you will not have to pay wages for expert staff, fewer time delays, and energy
consumption price will be reduced.
2. Data Security
One of the major concerns of organizations is data security as
data breaches can devastate a company’s revenue, brand positioning, and
customer loyalty. Cloud provides many advanced features including data
encryption and strong password necessities which guarantees that the data is
stored securely.
3. Scalability
A cloud service is easy to scale up or down than the
traditional computing service and also the perfect option for companies that
require flexibility in a competitive business environment. The cloud can be
seen as an ‘elastic’ medium as every service can be personalized and scaled to
address individual preferences whereas traditional computing demands the
purchase of additional hardware.
4.
Mobility
Over 2.6 billion mobile phones are being used today, cloud
computing permits mobile access to corporate data through smartphones and is a
great way to ensure that no one is left out of the circle. The staff living
away from the head office or with a busy schedule can make use of this feature
to constantly be updated with clients and other co-workers. Because cloud
environments are network-based, the staff traveling for work can conveniently
access all the important information. Hence, it can be seen that organizations with
employee satisfaction are more likely to expand cloud usage of up to 24%.
5.
Control
It is necessary for a company to have control over sensitive
data as an important document can anytime get in the wrong hands and cloud
enables you proper visibility over your data. You can decide on whom to provide
access to what data and streamline work as the staff will have the information
on what document are assigned to them thus, maintaining consistency in data,
eliminating human error, and a clear record of any updates.
6.
Disaster Recovery
Regardless of how much control you have over certain things,
there will always be something that is out of your control and in current time,
even one downtime can have a negative effect on the organization. Hence, cloud
services can help you provide quick data for all types of emergency situations,
from power outages to natural disasters. Even the recent survey on disaster
recovery states that 43% of the executive has plans to invest in cloud-based
disaster recovery solutions.
7.
Competitive Edge
Cloud computing is getting popular day by day but still, there
are organizations who prefer to keep things local and hence, lag behind when
competing with those who have the advantage of the cloud at their fingertips. Implementing
a cloud solution will help you stay ahead of competitors like the latest study
by Verizon shows that 77% of businesses feel that cloud services provide them a competitive edge and the other 16%
believe that this benefit is vital.
Cloud computing has the potential to change the way
organizations look and deal with IT needs. Cloud is an approach that needs to
be evaluated as the government and private sectors constantly look for ways to
reduce costs. In general, the cost of this type of infrastructure will be
lower, but to some degree at the expense of customization and control over
security in the organization's IT structure. By fully investigating all of the
considerations and options, an organization will be well-positioned to make a
smart decision on cloud computing for their current and future needs.
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