Cloud Computing Outlook

The Relevance of Cloud Computing for SMEs

By Cloud Computing Outlook | Wednesday, July 08, 2020

The primary advantage of cloud computing is that it offers the option to operate from anywhere, to both employees and clients. Cloud storage can be accessed from anywhere, using a laptop, mobile, or any other device with a secure internet connection, from anywhere

Fremont, CA: Small and medium businesses (SMEs) are a vital part of the global economy and play a critical role in the growth and development of the economy of any nation. In order to stay abreast in an increasingly interconnected and competitive environment, SMEs need to adopt the latest technologies. Amongst the various disruptive technologies, cloud computing stands out as the most crucial with multiple benefits. Cloud infrastructure can help a business grow swiftly, reduce infrastructure costs, and drive innovation. A recent study by Gartner revealed that up to 60 percent of organizations would use an external service provider's cloud-managed service offerings by 2022, doubling the percentage of such organizations since 2018.

Flexibility and Scalability

The primary advantage of cloud computing is that it offers the option to operate from anywhere, to both employees and clients. Cloud storage can be accessed from anywhere, using a laptop, mobile, or any other device with a secure internet connection. Due to flexible access, businesses can enjoy increased productivity. This has led to cloud computing gaining significant traction across various infrastructures. At the same time, cloud computing also provides excellent scalability. New users can be added easily without having to buy additional servers or any workstation upgrades. Cloud computing also allows the upscale and downscale of bandwidth, applications, processing power, and other features, as and when needed.

Disaster Recovery Options

In-house data backup can be expensive, time-consuming, and highly risky. In the event of a calamity or a data breach, organizations can risk losing data and compromising the business. Even the smallest of security breaches can put an organization out of business. However, this risk can be overcome with the use of cloud computing infrastructure. Cloud services provide an option for data recovery. This also protects data from unexpected hardware and power failures. Cloud service providers offer various options for data recovery, allowing businesses to choose the option most suited to them depending upon data type, size, and likeliness of a potential hack.

Pay as you Go

Pay as you go subscription models are conventional among most service providers. This means organizations need to pay only for the services they use, with the additional option to upgrade or remove a service or feature when they feel the need for it. Also, businesses need not recruit and spend on in house staff as service providers maintain the services or applications for a small monthly fee. In addition, there is no need for extra investment in hardware installations and run software updates on a network, or add additional servers and hardware for growing data storage.

As a result, SMEs shifting to a cloud-based business model can benefit massively in terms of saving time and money, especially in the long run. Setting up new user accounts, managing daily activities, and ensuring regular updates are also easy on cloud-based platforms. Hiring trained employees can always make a business run smoothly, but a non-tech employee can also provide the smooth functioning of a business if a proper cloud infrastructure is in place.

See also: Top Cloud Based Planning Solution Companies

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