In the modern era, almost every business model is hinged on services provided by cloud computing extensively, from purchasing a product/ service to filing taxes and data access. Practically every process is incomplete and inefficient with manual, traditional methodologies without adopting modern technology. Data storage systems replaced by cloud storage facilities, the use of automated machinery in the manufacturing sector; reducing manual labor to a great extent, and advanced communication technologies integrated with cloud services are a few cases representing modernization overtaking the prevailing manual processes.
What is Cloud Computing?
Cloud is an online database operated and managed by scattered servers remotely set up throughout the globe. The primary function of these servers is to provide an unmanipulated data storage system that is accessible to almost every local network or personal computer.
The use of tools and services provided by the Cloud system to carry out various data-oriented processes is called cloud computing.
Services under cloud computing include analytics, storage, networking, and intelligence, used widely by millions of companies and individuals to process data efficiently and effectively.
How does Cloud Computing help businesses?
There are mainly four domains where cloud computing provides services.
Companies and individuals can use data analytics services available on the internet to create campaigns, client personas, and audience groups and optimize internal schemes to improve performance and profit margins.
With company growth comes inevitable data in many forms, from a client, customer, and company information to market data and insights on competitors. Using an offline storage system for this data increases theft and physical damage; this can easily be avoided by online database storage, i.e., cloud data services. This makes information both secure and accessible throughout the globe.
Cloud services provide companies and individuals with access to global vendors, companies, service providers, and employees, which is essential in company growth projection, and expansion through networking. The current generation of companies breaks the stereotype of geographically constricted employment by network hiring.
Segregation, management, and condensation of data, done by artificial intelligence and machine learning, help create executable data points to implement for immediate profit.
In their article in 2021, Gartner revealed that the total spending on cloud services in 2020 was around $270 billion, followed by a 23% hike in 2021 with total expenditures of $332 billion and speculated that by 2022, this would be this figure will rise to $397.5 billion.
The primary reasons behind the increase in expenditure are the hike in users of cloud-backed services including PaaS, SaaS, and IaaS. More users adopting AWS (Amazon web services) and Netflix i.e., PaaS (Platform as a Service), enterprises embracing the Google Workspaces, and tools like Mailchimp and Dropbox that are SaaS (Software as a Service), add to the increase in overall cloud-based services.
Here are the top 7 benefits of using cloud computing :
1.Ease in automation
An increasing workload often includes repetitive tasks that can be easily automated using proper tools and AI integrations. Using cloud computing to automate your work allows users to dedicate their precious time to other much-needed tasks.
This helps in bringing more productivity to the table with significantly less investment. Modern-day businesses require this attribute to sustain and grow in their domains.
2. Data security
While industries tackle data breaches and robberies, a threat to data due to physical damage remains unattended. According to Forbes, over 300 data breaches with the theft of about 100,000 records occurred in the last ten years. With increasing risks, it is eminent for businesses to rely on cloud data storage systems to avoid mishandling and ensure valuable data security.
Compared to other tools and services available over the internet, cloud computing services can cost approximately 15% less, saving companies both money and time.
Cloud services require less taxing maintenance, few to zero hardware installations, minimal labor work, and a very nominal initial investment. These attributes are the primary reasons behind the cost-effectiveness of cloud computing services, making them a better option.
4. Increased efficiency
Easily accessible tools and services add user productivity by optimizing tasks at hand and automating repetitive tasks to subside workload. This will help users increase efficiency by prioritizing tasks based on deadline and importance while eliminating unnecessary tasks.
5. Technological benefits
An essential aspect of the tech era is the availability of crucial resources needed to utilize high-tech tools and services. PaaS (platform as a service) and SaaS (software as a service) are some tools extensively used by different industries for testing and approving products to ensure an unmitigated launch. These essential services run on cloud systems and are an extension of cloud computing services.
6. Data storage accessibility
With an impenetrable wall for security, cloud computing is also accessible through all servers. Cloud systems with remote servers help quick and easy access to databases over the internet, enhancing user experience and increasing proficiency.
7. Remote business culture
This era of start-ups has embraced a 'boundaryless workspace model' with workplace flexibility and employee convenience. It includes remote working, work from home, and temporary workspace models that aid employees both financially and mentally.
This workspace model has become possible only due to the availability of 'cloud computing services that offer over-the-internet access to company workspace and databases, creating a much more habitable environment for the employees.
Cloud computing services have become a vital element of industries within numerous domains. With a range of benefits and advantages, cloud systems have proved themselves to complement company growth and proficiency.
In 2022, businesses with cloud computing services will have the upper hand over non-users. The aftermath of this is visible in the company numbers, usually described as the company growth rate (CGR).
You can plan your cloud computing integration with Aviskaran and choose from classification and migration strategies to exit strategies to boost your company projections.
Aviskaran specializes in data and cloud services, providing consultation, optimization, and implementation strategies to enhance your cloud journey. Contact us for more details on our services.
Content Writer, Aviskaran Technologies