The popularity of cloud computing is something to pay attention to. The data indicates enormous benefits for all businesses in the last two decades. Improved efficiencies, cheaper qualities, and competitive advantages will put any company ahead of the competition.
In this first part of the pros of cloud computing, I look at some of the biggest businesses that'll give any business an edge.
The Backstory of Cloud Computing
Recent studies by the International Data Group found that 69% of businesses already use cloud technology in their daily processes. Another 18% responded, saying they were planning on implementing new cloud computing solutions at some point in their business model.
Dell reports that the companies invest in big data, cloud tech, mobility, and top security software and see a 53% increase in revenue growth compared to their competitors. The tech-savvy businesses looking to embrace the uncertainty of change are the ones that enjoy the most success.
It's Cheaper
You aren't alone for any business leaders out there who find themselves worried about the price of switching to cloud computing. Aboutabout 20% of companies find themselves hesitant to make the change. But the pros outweigh the cons, leaving the firms in a much better position.
Bitglass' survey in 2015 found that half of all CIOs and IT leaders stated their firms saw dramatic savings for their tech needs by swapping to cloud-based computing. Cloud computing is cheaper; these lower costs make it easy for all employees to work on major projects or young start-ups. Most cloud computing services are done as a pay-as-you-go, allowing users to make the necessary changes.
It's More Secure
When moving a company’s IT services over to a cloud-based system, many business owners wonder about the security of their assets. It's no wonder, as so many firms handle sensitive information regularly, safety is paramount in today's world.
The common question is, "If I can access this data remotely, what's stopping a hacker or cybercriminal from doing the same thing?" The answer is quite a bit. For starters, a cloud host's full-time job is to constantly watch for any security breaches, which is incredibly efficient and way better than cybersecurity in the past.
RapidScale studies have found that over 94% of all firms saw considerable improvements in their company cybersecurity after switching over to cloud computing. Another 91% of companies said they could better keep up with government compliance regulations.
Many business leaders must balance their time between IT matters and cybersecurity monitoring. Remember that most data theft occurs internally by employees for one reason or another. For this reason, it's more secure regarding sensitive assets offsite, safe, and completely secure.
It's More Dynamic
The business world is forever changing, and companies must stay dynamic and flexible to new changes. For a firm's IT needs, this is also true. Cloud computing keeps businesses focused on doing well while letting cybersecurity professionals do their thing.
The numbers don't lie; 65% of all businesses could quickly meet business needs once they switched to a cloud computing system. The flexibility cloud computing offers businesses, big and small, isn't to be underestimated.
Hungry for more? Join me each week, where I'll break down complex topics and dissect the latest news within the cybersecurity industry and blockchain ecosystem, simplifying the world of tech.