Top 15 Benefits Of Cloud Computing
Cloud computing is an evolutionary shift that took place a decade ago. It is a concept that has increasingly more advantages. So, before we plunge into the benefits of cloud computing, it is better to dwell a bit into its history and evolutionary process.
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 installation or plugins.
Many people are subconsciously integrating cloud in their day-to-day lives through Google Drive, Gmail, Facebook, and Instagram, which are all cloud-based platforms.
- Data security will be higher.
- Social networking will be a whole lot easier.
- Businesses will be able to conduct work in a faster turnaround time at half the cost.
- A higher and advanced net of security encryption methods to prevent hackers from seeping in.
- Vendors and service providers will now have an analytical approach to logistics, which will reduce time, loss or theft of assets, and legal complications.
- More than 80% of global organizations are predicted to transit to cloud computing by 2020, and improve their business processing by a whopping 40%.
Evolution of Cloud Computing
Cloud computing can be traced back to the early 1950s when mainframe computers were used. If multiple users wanted to use the central computer, they would patch up to it via dummy terminals.
Unlike the modern-day cloud, only pathways were leading to the central computer and did not provide any storage facility. Such a procedure was time as well as cost-intensive, which led to companies (at that time) to come up with a more accessible solution that could allow multiple user connection at a lower price.
The 1970s saw the influx of IBM’s operating system - VM - which upped the caliber of multi-users.
It allowed simultaneous functioning of more than one OS, enabling other OS to work on every VM without the need to change the data recorded or starting the entire project again. This sowed the seeds of virtual & remote connectivity.
The real advantage of cloud computing was slowly visible in the 1990s when the telecom operators embraced the concept of virtualization and offered private virtual connections.
The slow boom and acceptance of virtualization led to reduced costs in a time efficient manner. This led to the present date Cloud Computing.
Benefits Of Cloud Computing
Cloud is everywhere, and you cannot escape. Its omnipresence allows easy access to the functionality, trackable data, and transparency. It enables multiple users to work on the same project without any glitches. This, in turn, not only reduces cost but also builds a robust work model.
2. Data Security
Data security is perhaps one of the most significant factors that keep business owners up at night. Cloud computing can help alleviate this stress.
Though some might argue that its open platform and easy access can pave an easy way for hackers, it is challenging to waltz in the cloud territory. Heavy encryption of the files and databases can mitigate internal thread. They can be transferred without the chance of being hacked.
However, data theft is still a lurking threat, and better encryption guarantees better security on the cloud platform.
According to a report by RapidScale, 94% of businesses witnessed an improvement in security after switching to the cloud. On the other hand, 91% claimed that the cloud makes government compliances a breeze.
3. Cost Reduction
It is no secret that switching over to cloud is an expensive affair. However, if executed properly, the ROI received during cloud deployment can override the initial capital investment.
ROI can be in the form of product longevity, optimization of resources, to name a few. Once on the cloud, it will negate the need for additional software and plugins. This helps save time as well as money.
One of the best benefits of cloud computing is its "pay-as-you-go" model, which doesn’t mandate you to invest a lump sum amount.
Pay for the features that you deem feasible for your work and organizational structure. This time and money optimizing approach has made cloud the new favorite of CIOs who are now implementing it in almost every business facet.
4. Complete control
Organizations often face immense scrutiny in case of lagged operations, data loss, and operational dysfunctioning. It is imperative that organizations have sufficient control over the ongoing actions of the company, which is assured by cloud computing.
In the case of highly sensitive data, the "cloud technology" enables the user to have a bird’s eye view over the data, giving them the power to track accessibility, usability, and deployability.
While it gives control to the management, it also streamlines the work as it compartmentalizes the tasks according to the employees and gives them unique access to their respective duties. This enables a clear understanding of the work to be done and a straight path to task execution.
Focusing primarily on the in-house IT structure can either lead to a breakdown or poor task execution. The lack of space optimization can lead to low turnaround time and the inability to cater to the customer requirement.
But cloud can mitigate this by offering an expansive space for IT hosting & infrastructure that will allow companies to have some flexibility as well as the space to chart out plans.
The cloud is not constricted to low bandwidths, and unlike the conventional in-house technical infrastructure, it is flexible enough to allow business owners to engage in last minute changes and still have the ease of work.
The ability to make & execute quick business decisions without worrying about the impact on the IT infrastructure makes cloud platform one of the most desired.
The omnipresence of the cloud marks mobility as its prime feature. With the help of cloud connection, companies can connect remotely over an array of devices like smartphones, iPad, and Laptops with ease.
Remote accessibility enables quick turnaround time, instant solutions, and constant connection. It is perfect for freelancers, remote employees, organizations with offices in different locations and different sectors.
This personifies convenience, and it is no surprise that, as per IDC, Cloud computing spending is expected to grow 6x by 2020.
7. Disaster Recovery
The biggest disaster a company can undergo is "loss of data." However, the cloud is a repository for backed up data, which helps companies recover their lost data with ease and security.
The cloud downsizes the time being wasted on technical errors, lags to the deterred server, and other drawbacks, which are almost 6 hours in a week. That’s like one full day lost! Bring in the cloud to optimize that.
Scalability can be defined as the ability of the product to amplify its impact on the customers and meet the demands posed. Scalability is one of the most sought-after attributes of cloud computing that can help increase business.
9. Automated Updates On Software
Imagine working on an important project and you later come to a "Software update required" message? Nothing is more tedious than manual updates. But cloud takes care of that as well. With automatic software updates and cyclic upgrades, users can now focus their time & energy into work.
10. Enhanced Collaboration
The points, as mentioned earlier, guarantee ease of use and remote accessibility, which makes it an instant hit with the technical world. The immediate connection leads to sound business opportunities, which further enhances the chances of 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 all visible platform, provides easy access to the tasks in hand.
11. Reduced Carbon Footprint/Sustainable
Since organizations have deployed a cloud platform, there has been a reduction in the usage of tools and physical objects. The cloud empowers the deployment of virtual objects than physical elements and improves proactivity on a digital level.
It cuts down on paper waste, electrical consumption, and computer-related emissions. After all, merely placing a recycling bin in your office is not going to cut the current environmental crisis.
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.
13. Loss Prevention
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 platform, it subjecting its data to undue risk. The cloud allows the data to be automatically backed in its encrypted silos, which can avoid data loss.
14. A Step Beyond
Several companies prefer to go old school. However, they miss out on several advantages that can give them a boost concerning the competitors. As discussed, remote accessibility results in higher production, trackability leads an analytical approach to work, and the streamlined ability of the platform allows users to focus on a project and stay result oriented.
15. Greater Insights
Thanks to the cloud's transparency because companies will now have a greater insight into the processing and will be able to produce scalable results based on an analytical approach.