What Is Cloud Technology: 5 Benefits You Need to Know

The term cloud technology gained widespread popularity over the past few years. Due to the significant increase in data use accompanied by an evident transition of our societies into the digital era, the importance and influence of cloud technology solutions in managing and storing vital information, programs, and systems for businesses are undeniable.

As recent studies show companies that invest in cloud solutions, big data, mobility and security are inclined to enjoy 53% faster revenue growth compared to their competitors.

It’s also evident that more and more companies and tech-savvy businesses are recognising the importance and benefits of cloud computing. However, more organisations need to use cloud technology to efficiently run their organisation, hence increasing their overall profit margin.

What is cloud technology? 

The journey of benefiting from cloud technology and understanding ways to effectively use its full power starts from answering the questions on what is cloud technology.

To put it simple you can think of cloud technology as the delivery process of computing services, including but not limited to servers, databases, networking, storage, software, analytics, intelligence and more through the Internet or “the cloud” to provide faster innovative solutions, flexible resources, economies of scale. Thanks to cloud solutions you can pay only for the services you use, having an opportunity to lower your operational costs, effectively run your infrastructure, and scale the needed changes for your business.

How does it work?

Let’s break down the process of how cloud technology works.

Generally speaking, businesses can rent access to anything from application to storage from a cloud service provider, instead of owning a separate computing infrastructure or data centre.

Genetics Of Cloud Technology:

Cost:

One of the primary benefits of cloud technology for businesses is its cost-effectiveness. Cloud technology can eliminate the capital expenses of buying separate hardware and software and setting up processes of running on-site data centers.

To put it short, your business can avoid the upfront cost and complexity of owning and maintaining your own IT infrastructure when using cloud technology.

Speed:

Cloud technology can give your business flexibility of having on-demand services that can make even a vast amount of computing resources provisioned in minutes. Your business will be free of worries over figuring out complex processes that will take a lot of time managing.

Productivity:

On-site data centers often require a lot of complex processes like hardware setup, software patching, and various other time-consuming IT management tasks. Thanks to cloud technology IT teams can focus their time on more important business goals and eliminate the need for such tasks.

Reliability:

Another major benefit of cloud technology is its reliability and security that it has to offer to your business. Cloud computing makes disaster recover, business continuity, and data backup much easier and less expensive for your business, based on the fact that your data can be mirrored in various redundant sites on the cloud provider’s network.

Types

Cloud technology also comes in various types offering more specific services matching to your company’s needs.

Typically, there are the following types of cloud technology:

Public cloud: Those are owned and operated by third party cloud service providers. A great example is Microsoft Azure.

Private cloud: Thoe primarily refer to cloud solutions that exclusively use a computing resource for a single business or organisation. They can be physically located on the company’s on-site datacenter.

Hybrid cloud: This time simple combines public and private clouds, bounding them by technology that enables data and applications to be shared between them.

Cloud technology offers various benefits to your business, starting from cost-effective solutions to safer and secure systems for data management. If you were considering the use of cloud technology for your business this is the perfect time to make up your mind on taking your business to another level with the magic of cloud technology.

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