This is why 60 percent of businesses have switched to cloud computing

Cloud computing is now becoming one of the significant investments for startups. Here are some benefits of cloud computing resources for businesses of all sizes.

Cost-effective

20% of businesses are worried about the initial cost of implementing a cloud server. However, the most significant advantage of the cloud is the IT operational cost saving. By leveraging cloud technology, easy access to your business’ data saves money and time in project startups.

Using a remote server eliminates the need for in-house application requirements, storage equipment, and overhead costs such as software management, updates, and data storage. Cloud-based services are much cheaper and can be deployed on a pay-as-you-go model. Many small businesses with limited budgets are reaping the benefits of cloud computing.

Data Security

Security is one of the primary concerns of every business, regardless of industry and size. Cyber attacks and data breaches can devastate an organization’s revenue, brand positioning, and customer loyalty. Cloud technology provides advanced security features that guarantee data security.

94% of businesses realized an improvement in security after migrating to the cloud. In addition, 91% said that leveraging the cloud makes meeting regulatory and compliance requirements easier.

Features like access management and granular permissions can restrict access to sensitive data. Cloud service providers implement the baseline protections for their users, such as access control, authentication, and encryption.

Improved Collaboration

The cloud environment provides significantly increased collaboration between communities and groups having access to the same data or files. It eliminates the communication overhead of the traditional IT models and provides feasibility to employees working in remote locations to access data and collaborate with team members. It helps streamline processes and increase productivity.

Scalability

IT requirements vary based on the industry and company’s size. A startup won’t have the same requirements as a large enterprise. Leveraging cloud technology is a great solution as it enables businesses to quickly and efficiently scale up or down their IT resources based on their business demands.

Cloud-based solutions are great for businesses with fluctuating or growing demands. If your company size and requirements increase, you can quickly expand your cloud capacity without investing in physical infrastructure and vice versa. The scalability feature reduces the risks associated with traditional hosting issues and maintenance.

Disaster Recovery

One of the major factors contributing to business success is disaster recovery and business continuity. By investing in cloud technology, startups can guarantee reliable and fast backup and disaster recovery solutions without the fuss of setting them up on physical devices. Investing in complex disaster recovery plans can be costly for many small businesses and startups, and backing up data can be time-consuming.

However, the cloud is designed in a way that data stored in it is copied across the server. In this way, data is instantly backed up if one server fails. Accessing data quickly after a disaster continues business operations immediately reduces business downtime and loss of productivity. In a recent survey, 43% of IT executives said they plan to invest in cloud-based disaster recovery solutions.