The Growing Adoption of Cloud Computing
As we bid adieu to 2020, we can look back at the unprecedented changes it brought to our lives. It disrupted not just our professional but personal lives as well. It compelled us to adapt to the changing circumstances and evolve our routine itself. One such massive disruption was adjusting to the work from home (WFH) model overnight. It led to the Cloud emerging as the biggest enabler to ensure business continuity. Cloud computing has transformed our digital experience in various ways – from how we store information into the manner in which we share data online with others.
The global cloud computing market size is expected to grow from 371.4 billion dollars in 2020 to 832.1 billion dollars by 2025, at a CAGR of 17.5% during the forecast period. The cloud-services market has experienced phenomenal growth in recent years, and this growth is expected to continue. Due to the latest advancement and boom in the cloud industry, many organizations are expected to increase their cloud spend budget by almost 50%.
Let’s look at what the cloud can do for your organization:
Cost-effectiveness – One of the primary benefits of cloud computing is its cost-effectiveness. Cloud computing is an advanced technology that provides services to organizations on-demand, which means organizations need to only pay for the services they use. This allows businesses to optimize their budget more efficiently and use only the services they’ll need to remain competitive or to grow and develop their company further. As cloud computing is a subscription-based model, there is no purchasing of labor or maintenance costs involved. Organizations need to pay the monthly subscription fees for the services they’re currently using, and if they wish to discontinue the services, they can stop paying the monthly fee.
Accelerates Digital Transformation – Businesses across industries are keen to hop on to the digital transformation bandwagon, as it ensures a plethora of benefits to remain competitive in this highly dynamic environment. However, there’s more to digital transformation than simply going paperless. It includes a complete digital migration of business operations. By migrating business-critical workloads to the cloud, organizations can ensure that employees can access this data anytime, from anywhere through secure corporate log-in. This not only facilitates a remote working model but also ensures that organizations can reap the benefits of cloud-native applications.
Data backups and recovery – Cloud storage is one of the greatest benefits that cloud computing has to offer. Any relevant business data can be stored on the cloud, which makes it more accessible and usable across the organization. When data is migrated to the cloud, it can be accessed from any device and anywhere in the world, which is ideal for remote workers and offices. Moreover, the cloud has an integrated data backup and recovery process that keeps business data safe at all times, protecting it from cyber-attacks, natural disasters, and even physical thefts.
Scalability – Effective scaling capacity is critical for businesses to remain profitable. Organizations that are able to scale up and down quickly can ensure a competitive advantage in the market. Cloud computing provides seamless scalability to businesses. Data storage capacity, processing power, and networking can all be scaled using existing cloud computing infrastructure with no downtime.
Lastly, by integrating cloud computing in their existing IT infrastructure, organizations can have it all: scalability, agility, flexibility, efficiency, and cost savings.