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Why Cloud Computing Is Booming In The Market

With its inception in the early 2000s, Cloud Computing has grown massively in all these years, with the majority of businesses shifting their workloads and data to the cloud. The onset of the Coronavirus pandemic has accelerated the pace of cloud adoption among businesses and other organizations, as the pandemic-induced lifestyle has drastically changed the way society functions.

Cloud computing has proved that businesses could adapt easily to changing needs of the market. It could help businesses scale their operations globally and facilitate the processing of large volumes of data, which helps in improving the dynamics of each company. Pandemic has shown how remote work will go a long way in realizing sustainable goals. Modern-day technologies are all focused on making businesses more agile and elastic. Let’s understand why Cloud Computing is booming today in the market and how it is helping us enhance operational efficiency, cut down expenses, improve customer satisfaction, etc.

Cloud Computing helps in enhancing flexibility and scalability

Conventional methods or on-premise setup of storing data and managing workloads will yield poor results because you must rely on IT technicians and teams to add functionality or upgrade specifications. They had to physically go to the location for proper installation and upgrade, and updates. But with the cloud, no more physical visits are needed for installation and updates. With the cloud, these problems are taken care of remotely.

Cloud helps in scaling resources up and down with just clicks. It helps in increasing the dynamic nature of the business and has helped organizations stay profitable. Cloud has enabled businesses to upgrade features within just clicks. It has helped them reduce the time to the market, and they can achieve with fewer overheads.

Cloud Computing helps in increasing mobility

Mobility is becoming one of the most essential features for a successful business. Pandemic has shown how important mobility is to business. It’s the era of mobile devices, and their number is growing at a massive rate. And with more and more cloud adoption, it has become a key parameter upon which businesses are accelerating their growth.

For those companies or businesses that have already shifted their workloads and data to the cloud, they found it easier to shift to remote working during the ongoing pandemic. Remote work has made it much easier for maintaining a work-life balance for employees. Cloud has helped us access the data and workloads from any device that has an internet connection.

Cloud Computing has helped businesses to cut down expenses

Many businesses who haven’t shifted their workloads and data to the cloud might not be aware of the profitability aspect of adopting a cloud over setting up on-premises. Over time businesses are benefiting from the pay-as-you-go model. Cloud vendors offer various Cloud Computing services to their customers. And they can choose the best service that fits their requirements. They can scale up the chosen service up or down matching their demands. And for each of these services, they have a pay-as-you-go payment model for the time the services are consumed and also the volume of resources consumed.

This way, the businesses can bank on cloud capabilities like versatility, scalability, and customization. IT infrastructure and its maintenance required higher upfront costs for businesses if we go by the on-premises setup. These on-premise setups installed many default software that isn’t tailored to meet a business requirement. You can tailor-fit your services and then relocate them to the requirements that you deem correct.

Cloud Computing offers reliable solutions

The downside of on-premise setups is that they don’t always offer reliable solutions or hardware. Many times developers are frustrated to work on a project only to find that their system or hardware crashed thus losing everything they were working on. With Cloud computing, you get the guarantee that the services offered are reliable. Even if hardware malfunctions, cloud vendors ensure that your data is safe in any situation, which means all of their services are reliable and unlike on-premise setups. On top of that, you can access your work even if your device malfunctions through other devices.

Collaboration and Convenience is another key point for Cloud Computing

Collaboration has never been this important before. Today businesses run on intense collaboration with other team members. The pandemic has accelerated the pace of this real-time collaboration. Cloud has helped in sharing files instantly across all the members of the team and also across various other teams from anywhere, which didn’t exist earlier. Convenience is another important factor that is driving cloud adoption. The convenience of accessing the files from anywhere in the world with just an internet connection.

Conclusion

Cloud Computing has helped businesses to be on their feet despite the ongoing pandemic. This is a great achievement and a gentle reminder that this is a great piece of technology that has a long way to mature. Businesses have become more dynamic and versatile with the help of this technology.

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