According to a recent study by Goldman Sachs, the investment in cloud computing platforms and infrastructure will increase at a 30% CAGR compared to 5% growth for overall enterprise IT. 42% of IT leaders plan to invest more in cloud computing, and according to Bill McNee from Saugatuck Technology, by 2018 over 60% of enterprises are expect to have at least 50% of their infrastructure on cloud-based platforms!
What does this mean for you? These reports show how rapidly the cloud is growing, but the main question is; why are these businesses increasing their spending to invest in this technology, and why should I follow their lead?
1.Reduces IT Expenses
Setting up a physical infrastructure requires a large amount of capital investment. The cloud, as you may have guessed, doesn’t require any major infrastructure deployment—that is entirely taken care of by your cloud provider.
With physical infrastructure, you need resources to manage your servers, and reliable resources are expensive. Compensation, benefits, and other associated employment costs can amount to be far greater than your total hardware and software costs. Moreover, the cost of recruiting the right resource is quite significant.
When you move to the cloud you don’t need to worry about resource costs, as your provider has their own in-house resources to take care of your data. They are always available whenever you need them, and at a fraction of the cost! You just pay for their service and nothing else.
One of the biggest issues with physical infrastructure is scalability. If your business grows, you also need to increase your IT infrastructure and that requires significant investments in hardware and software. This also includes hiring new resources for maintenance, an immense effort, and a lot of time as well.
The cloud easily nullifies your worries about scalability. For example, if you don’t need a large amount of data storage right now, but forecast that you’ll need it later on, all you need to do is pay for the space you require at this moment. Need more space in the future? You shall receive— no questions asked.
You can easily upgrade or downgrade your storage plan to suit your requirements without any hassles in setup, recruitment, or maintenance; resulting in greater flexibility and agility.
3.Keeps Your Data Safe
Due to the increasing amount of advanced security threats, the probability of data loss and theft has increased. When your data is stored on a local storage or server, any cyber-attack can cripple your organization.
Can you afford to lose data?
When you store your data in the cloud, you don’t need to worry about security. Most cloud providers pay a great deal of attention to security measures, acting as highly skilled security specialists 24/7.
However, though your cloud provider takes care of your local data regarding to uptime and availability, they don’t cover risks like user error or sync malfunction, and the only backup you have is the recycle bin. When you move your data to the cloud, you must set up a cloud-to-cloud backup solution AND add an extra layer of security. Incidents that might wipe out your data completely are very rare, but you can avoid permanent data loss by backing up your cloud data to another cloud.
4.Simplifies Communication and Collaboration
Whether it’s document sharing, real-time editing, or other forms of collaboration, the cloud allows you to easily work from anywhere at anytime; anywhere around the world, 24/7.
5.Enables You to Test Before You Buy
When it comes to software or a server, businesses can make the mistake of adopting new technology without first understanding what kind of value it can deliver to them. They make huge up-front investments without testing the system beforehand, and that is a very, very risky move.
There are numerous reasons why cloud infrastructure is the way of business moving forward, but these reasons vary based on individual requirements and usage scenarios. Because of that, it is always best to first talk to a professional consultant who knows the ins and outs of the system you’re looking at. A specialist will help you make the best, most well-informed decision possible.