The rise of cloud computing has been compared to the rise of the Internet. In the 1990s, when the Internet was just starting out, what business were using it for was minimal compared to what it has become today. Similarly, the importance of the Cloud for business is growing, and more businesses are incorporating cloud computing.
What is Cloud Computing?
Put simply, you use cloud computing any time you access information remotely, not stored locally on your device or your local server. Cloud computing uses a network of remote servers hosted on the Internet to store, manage and process data, rather than a local server or a personal computer.
Cloud computing allows companies to reduce costs in multiple ways. Firstly, organizations don’t have to spend money on large hardware pieces. Instead, you can rent storage space from a cloud service provider. Cloud computing also takes into consideration an organization’s current server needs because the cloud lets you increase or decrease the resources of your server. This saves you both time and money. Lets look at some numbers found by Salesforce:
Key Benefits of using Cloud Computing
The importance of cloud computing for business includes:
- Lower costs: one reason for lower costs is the elimination of upfront fees for hardware. Hardware devices can also fail or be physically damaged.
- Better control of documents: The cloud eliminates the need to send documents as attachments in emails.
- Most cloud-based solutions typically include a strong integrated backup solution.
In 2019, researchers are predicting that one third of enterprise IT spending will be spent on cloud services. Many companies have already started using cloud technology. By 2021, of the organizations currently using cloud technology, about half of them will be fully committed to the cloud.