Cloud computing has become more and more popular over the last several years, with that popularity continuing into 2018 and 2019. According to a report by the International Data Corporation (IDC), public cloud services will grow from nearly $70b to more than $141b in 2019. SaaS is likely to be the key consumption model for Cloud Services, and Telecommunications is expected to be the fastest-growing vertical industry. According to COMPTIA, half of all small to medium-sized businesses report having 31% to 60% of their IT functions in the cloud environment. What is cloud computing, and what are its benefits? Read on to learn more about this technology.
More Access for Predictable Cost
Cloud computing is an Internet-based model of computing, on a pay-per-use basis, with benefits to organizations large and small. Using the Cloud saves costs, partly by changing a capital expense to an operating expense. Businesses no longer need to replace aging infrastructure, but can move their data, systems and applications to a subscription-based model like Infrastructure as a Service (IaaS) or Software as a Service (SaaS). Businesses, at least in the public cloud environment, can share common system resources (hardware, software, operating system and application database). Usage monitoring and a utility billing model keeps the costs predictable. Cloud computing increases employee productivity by giving the business a common interface, allowing employees to work outside the office, and outside traditional office hours. Another function of the cloud is data backup, allowing the company to have data offsite for easier backup and recovery in case of a disaster.
What To Consider Before Moving to The Cloud
With all these benefits, there are still things to be considered before migrating to the Cloud. First, what’s the right environment for your business? If your business is subject to regulations such as HIPAA, a private cloud environment may be a requirement. Another consideration is where the provider’s data resides; ideally it will be in a data center close to a major power grid to ensure uninterrupted service. Finally, evaluate the current health of your network to make sure there are no weak spots to ensure rapid and consistent access to your Cloud Services.
The Cloud can benefit your business in many ways, allowing you to save costs and giving you flexible access to your mission-critical systems. Contact your technology advisor today to learn more.