Cloud Computing – Necessity or Hype?

Amazon popularized cloud computing with the release of its products Elastic Compute Cloud in 2006. About a decade back, it was predicted that the future belonged to cloud computing. Over the years, cloud computing has registered remarkable growth. Many enterprises have accepted the cloud as the default option for deploying new services as well as applications.

Globally, cloud computing market revenues have grown to US$383.4 billion in 2020 from US$175 billion in 2015. The three trends driving growth are government investment, increased awareness about cloud benefits, and the requirements of larger businesses. This clearly indicates that cloud computing has exceeded expectations and has lived up to the initial hype. A look at the various benefits it offers helps to confirm the same.

Cost-efficient as well as Accessible

This is by far the most important advantage that cloud computing offers. It is far cheaper compared to buying several external hard drives. Moreover, it becomes easy for users to access information stored on the cloud at any time and from anywhere on their phone or computer. In addition to being highly accessible, the cloud platform is also highly flexible. This is very much in line with the requirements of modern-day businesses.

Competitive Edge of Cloud Computing

Businesses benefit from the implementation of cloud computing. It gives businesses an advantage over their competitors. This is because it enables them to retrieve critical information as and when needed. In addition, the cloud platform eliminates costs related to hardware installations.

Increased Security and Reduced Downtime

Businesses that are dependent on the Internet for their operations often experience downtime problems. Some of the common reasons as to why they experience downtime issues include human errors, power failures, hardware problems, and security flaws. Cloud computing is a good option to overcome such problems and ensure smooth operation. Further, the chances of someone hacking computer systems are high even if highly advanced security measures are put in place. Cloud computing offers a high level of security and privacy. Therefore, the chances of fraudsters hacking business systems are very low.

Flexibility and Ease of Management

Cloud computing also eliminates maintenance issues. This is because the system automatically takes care of the same. Moreover, the entire cloud platform is monitored and managed by the system. This saves cloud users from handling any unnecessary issues. Lastly, cloud computing also serves to eliminate worries related to the loss of data. This can be attributed to the fact that each piece of data is stored safely and securely in the cloud.

A look at the benefits listed above will help you understand that cloud computing is the best solution to get rid of the challenges that businesses have to deal with on a daily basis. Businesses that want to stay ahead by adopting technological developments are migrating to the cloud. Therefore, it is safe to assume that cloud computing is the technology of the future.