How Important Is a Cloud Computing Solution for Business?

Cloud computing solutions can be invaluable for businesses, allowing them to become scalable, flexible and free up more time to focus on other business operations. There are an array of advantages to cloud computing, not only because it is cost-effective but because it will ensure your business stays protected while online.

What Is the Definition of Cloud Computing?

There is no one set definition of what ‘cloud computing’ is, but, generally it enables users to access data on-demand through cloud platforms. Cloud computing, to briefly describe it, is when data is stored, managed and processed using a network of remote servers hosted on the internet, rather than on a personal computer or local server. It has become increasingly popular in the last decade and has a global market value of over $371 billion, expected to exceed $832 billion by 2025.

The Benefits of Cloud Computing Solutions for Business

There are many reasons why businesses may choose to employ cloud computing solutions as a principal part of their business operations. Here are some of the main reasons why companies today, both small startups and large corporations, are outsourcing IT support who can provide the best cloud computing solutions:

Scalability

One of the key benefits of cloud computing is that it can make businesses more scalable. If companies are able to scale their IT solutions, this can have a hugely significant impact upon their business. Rather than being limited by the size and processing power of their hardware setup, companies relying on cloud computing allows companies to easily and quickly scale their IT solution. They are no longer limited by their hardware, meaning they can manage their technical resources in a totally revolutionary way.

Lower Costs

Cloud computing can be one of the most cost effective solutions for business. Although cloud migration could be seen as a great expense, it can save your business a huge amount of money in the long run. The best way to weigh up cost is to think about how much your company is currently spending on its IT services and then consider how much you will be spending on the cloud.

Typically, working with a cloud partner can help generate an approximate estimation of how much your exact cloud solution would be, depending on the requirements of the project and solution. Depending on what is specifically required, the price varies a lot so working with a cloud partner can help you weigh up costs more accurately.

With greater innovation, comes impactful business growth. When companies use legacy technologies, it can prevent their ability to trial new solutions which, in turn, can limit their growth. Companies who are not able to experiment with implementing new solutions at a scalable level cannot see if there is a better method than what they are currently using. 

However, companies who use the cloud can innovate solutions at a more scalable level leading to better performance, increased agility and lower company costs. Thanks to cloud computing, companies can innovate more creatively and more quickly.

Better Security and Compliance

Top cloud service providers uphold strict security, compliance and data protection standards meaning businesses that use cloud computing services and that transfer their data to the cloud will be protected. 
Regardless of what sector you work in, your organisation will need to follow strict compliance requirements to protect data integrity – especially those working in tightly-regulated industries such as pharma, healthcare, defence and government. Working with cloud computing services can help to protect company data and prevent large-scale data leaks.

Greater Flexibility

Not only do cloud computing solutions make company infrastructure far more flexible, they also allow companies much more flexibility when it comes to futureproofing their business. With businesses constantly having to adapt to the ever-changing world of tech, cloud computing equips them with the technical ability to scale as and when they need, depending on market changes.

This flexibility is hugely helpful for companies of any size as it means they do not need to invest the time, manpower and money into a large-scale technological shift. Cloud computing offers operational flexibility which means that companies can save a large amount of time and money while still meeting demands for state-of-the-art technology.