Top 5 Advantages of Cloud Computing in 2020

Shraddha Singh

Nov 12, 2019

Gartner has predicted that by 2020, the capital of all the public cloud market will likely be growing up to $383.4 billion. This seems possible because businesses are choosing to move more and more of their processes to the cloud systems. Cloud computing enables and enhances smooth operations for companies in almost every industry. Most people must have heard about the business advantages of utilizing the cloud; however, there is a lot more to the cloud environment than just storing and sharing of data.

Is your business taking advantage of the many benefits of cloud computing? Continue reading for a comprehensive guide.

What Are the Advantages of Cloud Computing?

The cloud offers numerous benefits with such extensive applicability. However, the experts commonly agree that the five advantages below are amongst the top reasons for businesses switching to cloud services.

  1. Cost-Saving Benefits:
    In cloud computing, the users can customize their resources and functionalities without having to worry about the underlying management. Similarly, corporations should no longer burden themselves from constantly updating systems, as the cloud automatically updates itself. This also means a better allocation of resources and extended storage space without the need to contact a third-party. With all of it, the cloud's virtual environment means less equipment and, therefore, lower operation costs. In 2016 alone, cloud computing reduced IT maintenance costs by 16.76 percent. Lastly, many cloud service providers offer companies the option in pay-as-you-go format, which means less capital is needed upfront.
  1. Ease of Accessibility Benefits:
    Cloud computing offers an extensive network that can be accessed from anywhere at any time. As long as the kind of device used (laptop, phone, tablet) connects to the Internet, the cloud and its applications will be available. The cloud's ability to store data and documents enables its widespread usage on a standard platform. This, in turn, allows for higher collaborative productivity and mobility of employees. A study observed that half the workforce operates for approximately 2.5 days a week outside the central office. Such statistics emphasize how cloud computing allows employees to remain connected while working from home, working remotely, or traveling for business.
  1. Flexibility Benefits:
    One of the most significant benefits of cloud computing is its flexibility. Businesses can determine their level of cloud services such as —SaaS, PaaS, or IaaS. All types of cloud infrastructure can scale up and down as quickly as required to respond to fluctuating workloads. It also lets them have tools at their disposal to build solutions that fit their exclusive business needs. Businesses get the flexibility to pick and choose the cloud services they want to take advantage of. This choice also exists between operating in a private cloud, public cloud, or in a hybrid environment.
  1. Efficiency Benefits:
    The utility-style payment structure in cloud computing ensures businesses only pay for the resources they use. Being able to use resources with one click enables companies to run their market operations faster instead of waiting for the hardware to be configured. Services in the cloud are also typically available 99.99% of the time. It does not let businesses suffer downtime and potential data loss due to any hardware failure. With network backups across multiple availability zones, cloud computing ensures the accessibility and integrity of data.
  1. Strategic Value Benefits:
    The strategic value of cloud computing is contributed enormously by its accessibility. Cloud users can collaborate with colleagues and access their resources from anywhere in the world with an Internet-connected device. This gives cloud-based businesses a competitive edge over businesses with on-premises IT infrastructures. A further competitive benefit is that businesses do not have to worry about managing IT infrastructures. Cloud-based companies can focus on development and other priorities since managing the underlying infrastructure and updating the technology is patched by the cloud service providers.

The adoption rate of cloud computing is on the rise every year, and it doesn't take long to see why. Companies recognize the impact of cloud computing on their collaboration, production, revenue, and security. An enterprise can prevent a lot of problems by using a cloud-based solution instead of relying on plague on-premise infrastructure. The advantages of cloud computing are different for different business requirements.

If you have any questions about how to optimize your cloud performance and reduce costs or how to effectively adopt the cloud for your business, contact us today to help you out with your performance and security needs.

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