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Cloud computing is an evolutionary shift that took place more than a decade ago. However, the advantages of this tech are still relevant to the day. But, before we plunge into the benefits of cloud computing, it is contextual to understand the history and evolutionary process of the Cloud.
What is Cloud Computing?
It is a virtual omnipresent repository of documents, servers, and applications that can be accessed remotely through the Internet. It does not involve any additional installations or plugins.
Many subconsciously integrate the cloud into their daily lives through Google Drive, Gmail, Facebook, and Instagram, all cloud-based platforms.
With a predicted CAGR of 19.9%, the cloud market is expected to reach USD 1,712.44 billion by 2029. (Fortune Business Insights.)
Evolution of Cloud Computing
Cloud computing originated from the use of mainframe computers in the 1950s. Unlike the modern-day Cloud, connecting multiple users to a central computer was time-consuming and expensive, leading to the development of more accessible solutions at a lower price. If multiple users wanted to use the main computer, they would patch up to it via dummy terminals.
The introduction of IBM’s operating system VM in the 1970s upped multi-user caliber. In addition, it allowed for the simultaneous functioning of multiple OS, leading to the seeds of virtual and remote connectivity.
The telecom industry’s adoption of virtualization in the 1990s led to reduced costs and time-efficient processes, paving the way for present-date cloud computing.
Benefits Of Cloud Computing
1. Omnipresence
Cloud is everywhere, and you can access it from anywhere. Its omnipresence nature allows easy access to functionality, trackable data, and transparency. It enables multiple users to work on the same project without any glitches.
The Cloud’s universal nature makes critical access to visible and traceable data possible. There are no issues with multiple people working on the cloud apps simultaneously. As a result, it establishes a strong network while lowering costs. This, in turn, not only reduces costs but also builds a robust work model.
2. Data Security
Data security is one of the most significant factors that keep business owners up at night. Cloud computing can help alleviate this stress.
In the past, there have always been arguments that cloud-based platforms are at risk of being hacked. However, the cloud’s heavy encryption reduces the risk of data theft.
Organizations trust cloud computing and that by 2025, total worldwide data storage on cloud is expected to exceed 200 zettabytes.
3. Cost Reduction
Switching to any new technology can incur some costs. It is no different for the cloud too. But if done right, businesses will be able to reap the ROIs within 6-12 months. Consider it an investment that can pay off in the long run. The ROI can be in the form of product longevity & scalability, to name a few, and eliminates the need for extra software and server maintenance costs. Plus, the pay-as-you-go model means you only pay for what you need. It’s no wonder CIOs are loving it and implementing it everywhere.
4. Complete control
Data loss, lags, and operational dysfunction often lead to immense scrutiny for organizations. The cloud provides sufficient control over the company’s ongoing activities. Using the Cloud, users can track the accessibility, usability, and deployability of sensitive data from a bird’s eye view. Compartmentalizing tasks streamlines the work and allows employees to access their duties effectively. A direct path to task execution is enabled, and the work can be understood clearly.
5. Flexibility
Focusing on more than just your in-house IT structure can be limiting and lead to poor execution. Instead, you need to optimize your space to cater to your customers’ needs and be unrestricted by low bandwidth. That’s where the Cloud comes in. It’s flexible and can handle last-minute changes without compromising on quality. As a result, you can make quick business decisions without worrying about IT infrastructure impacts.
6. Mobility
The omnipresence of the cloud marks mobility as its prime feature. With the help of cloud connection, companies can easily connect remotely over an array of devices like smartphones, iPad, and laptops. Moreover, it enables quick turnaround time, instant solutions, and constant connection.
This personifies convenience, and according to GlobalNewsWires, it is no surprise that between 2022 and 2032, the cloud computing industry will be worth $1, 949 billion due to mobility.
7. Disaster Recovery
The biggest disaster a company can undergo is “loss of data.” Did you know that a ransomware attack could typically cost you $4.54 million? However, the cloud is a repository for backed-up data, which helps companies recover their lost data with ease and security. Around 85% of technical executives found security to be a significant challenge, says Statista.
The cloud downsizes the time wasted on technical errors, lags to the deterred server, and other drawbacks, which are almost 6 hours a week. That’s like one full day lost. As a result, the cloud can help businesses optimize data recovery and save time and effort.
The Fundamentals of Future Tech: Cloud Adoption for Optimized Business Operations
The Fundamentals of Future Tech: Cloud Adoption for Optimized Business Operations
8. Scalability
Scalability is the most sought-after attribute of cloud computing that can help accelerate business growth. More than 41% of C-Suite executives cite scalability as one of the top 5 benefits of cloud computing.
The cloud system’s availability allows businesses to quickly scale up or down in response to changing circumstances and needs. Furthermore, employing the cloud frees up time for companies to focus on running their operations.
9. Automated Updates On Software
Imagine working on an important project and receiving a “Software update required” message. Nothing is more tedious than manual updates. But the Cloud takes care of that as well. With automatic software updates and cyclic upgrades, users can now focus their time & energy on the core business operations.
IT departments are no longer required to perform manual updates in a business. As a result, money and time that would have been spent on outside IT consultation are saved.
In a business, IT departments are no longer required to perform manual updates. As a result, money and time that would have been spent on outside IT consultation are saved.
10. Enhanced Collaboration
The points, as mentioned earlier, guarantee ease of use and remote accessibility, which makes it an instant hit. The immediate connection leads to sound business opportunities, which further enhances collaborations within the team members. This coalition allows the influx of new ideas and helps time & money by delegating the job among the experts within the team. Cloud, being an enabler of visibility, provides easy access to the tasks at hand.
11. Reduced Carbon Footprint/Sustainable
Since organizations have adopted cloud, there has been a reduction in the usage of software tools and hardware infrastructure. The cloud empowers the deployment of virtual objects and improves proactivity on a digital level.
After all, merely placing a recycling bin in your office will not cut the current environmental crisis. It cuts down on paper waste, electrical consumption, and computer-related emissions. But, according to a study, moving to the Cloud reduces carbon emissions by 84% and drives 65% energy reduction.
12. Easy Management
Since the organizational data is stored in the cloud, it is easy to assess the work, utilities, and tasks. Such a clear task path makes it easy to manage the services.
According to Gartner, businesses will deploy 95% of all new workloads on cloud-native platforms by 2025. Compared to previous techniques, cloud service management is fairly simple because data is organized and stored in the cloud with easy access.
13. Loss Prevention
A crisis cannot be foretold, and one of the worst ones that can befall an organization is the loss of assets. If an organization is not leveraging the cloud, it is subjecting its data to undue risk. The cloud allows the data to be automatically backed up in encrypted silos, avoiding data loss.
Even if your computer crashes or is infected with malware, your information stays safe and sound in the cloud. It also provides quick access via an internet connection, even if the local computer is not operational.
Data loss prevention feature detects and prevents data breaches by encrypting sensitive data while in use, in transit, or at rest.
14. A Step Beyond
Several companies still prefer conventional systems and exhibit resistance to change. However, they need to take advantage of several advantages that can give them a boost concerning competition. According to one study, 74% of organizations believe cloud technology gives them a competitive advantage, with 33% believing it is a significant advantage.
As of today, remote accessibility boosts productivity, enables analytical approaches to work, and streamlines the platform’s ability to focus on a project and stay result oriented. It blends traditional corporate processes with cutting-edge cloud technology to provide increased flexibility. In today’s unpredictable times, the cloud is an essential instrument for unlocking organizational growth.
15. Greater Insights
Thanks to the cloud’s transparency, companies will now have greater insights on processes and can produce scalable results based on an analytical approach.
Cloud analytics allows customers to monitor better and optimize data flow between their cloud servers, other services, on-premises deployments, and nearly any other internet endpoint.
Closing Thoughts
How to benefit from adopting cloud services? Every user and company will receive a unique set of advantages. The key element is to consider it in broad terms. Evaluate the potential savings and the soft benefits: improved productivity, more speed, and lowered risk. Talk to our experts and learn how to leverage Cloud for your business.
Editor’s Note: This post was originally published on February 28, 2019, and has been completely revamped and updated for accuracy and comprehensiveness.
