Key Benefits of Cloud Computing

When we talk about cloud computing, the very first question that comes to mind for a layman is what is cloud computing? In simple terms, cloud computing is the delivery of on-demand services like applications, processing power, and storage. All this is done over the internet and generally follows a pay-as-you-go model.

Cloud Computing can also refer to the provision of IT infrastructure, middleware, operating system, hosted in a remote data center and then accused via the internet.

Using cloud computing in business makes it easier, faster, and cheaper to run sophisticated IT architectures in any company be it small or large.

Some of the key benefits of using Cloud Computing in Business are listed below:-

• Companies can save a lot of money by using cloud-based services.
• The cash flow of the company can be optimized as there is no upfront capital expenditure therefore the business gets a cash flow advantage.
• Businesses get the option of renting IT equipment and applications instead of buying them outright.
• Through the use of Cloud computing, businesses can scale up or scale down computer capabilities like network bandwidth, processing power, and storage depending upon their usage.
• Authorization can easily be granted or restricted through cloud computing.

The benefits of cloud computing for Business come in many forms. For example, it gives software developers real-time data about the usage and performance of their applications and can tweak it as needed. The advantage for users is that they get access to software updates almost as soon as they are released.

Another great benefit of cloud computing is that technologies that were otherwise too expensive to own outright can now be accessed through the cloud. Users have the option to pay for a particular service upfront or on a subscription basis.

Now that we have a fair idea of what is cloud computing and the advantages of cloud computing, let’s take a quick look at what are the current big themes in the world of cloud computing.

With the latest advances in cloud computing technologies, a new breed of companies have emerged who know exactly how to take advantage of cloud computing and these companies are called cloud-native companies. Such companies base their software/applications in the cloud for cloud delivery and it is especially useful in serverless architectures.

Even though many companies and start-ups have already realized the benefits of cloud computing for business, they tend to forget the fact that with all their data stored and moving through the cloud, they become more prone to cyber security threats so much so that the requirement of cloud security experts has risen manyfold.

With cloud computing becoming more and more common, big software ecosystems are using more open-source software in their cloud services. So another great reason for using cloud computing in business is that it will let you provide services which a business otherwise would not have been able to offer.

Apart from the advantages of cloud computing mentioned-above let’s take a look at some additional benefits:-

No person can doubt the fact that cloud computing is everywhere. The omnipresence of cloud computing allows for easy access to functionality and transparency and it also enables multiple users to collaborate on different projects without any glitches. As people can work on different projects it establishes a strong network and lowers the costs involved as well.

Businesses face immense scrutiny when it comes to their operations and data protection policies. Therefore, the level of control that a business wants could only be provided through cloud computing.

When dealing with sensitive data, the benefits of cloud computing for business are unrivaled as it gives the admin a bird’s eye view of all the data and enables them to track usability, accessibility, and the deployability of their service/application.

Loss of data is something that could make or break a company. However, if the company or business has their data backed up on the cloud then the data could be recovered easily and securely.

Many stakeholders have expressed that the main impediment in making full use of cloud computing is regulatory and security risks. But the good news is that as per a study by Gartner almost 50% of US organizations are using cloud services in one form or another.

One of the most underrated advantages of cloud computing is that it also helps to reduce the carbon footprint of a company or business. It helps in cutting down the use of papers, computer-related emissions, and electrical consumption. As per research between 2010-2020 use of cloud computing and virtual data centers has reduced energy consumption by 31% and this figure is set to rise dramatically in the coming years.

As you can see, there are several advantages of cloud computing for businesses and with new advancements happening at breakneck speeds, the world of computing will not be the same in coming years.

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