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Cloud computing is the delivery of computing services—servers, storage, databases, networking, software, analytics and more—over the Internet (“the cloud”). Companies offering these computing services are called cloud providers and typically charge for cloud computing services based on usage. Most cloud computing services fall into three broad categories: infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (Saas). With data being generated at a rapid pace from different sources it is becoming a challenge for businesses to store the data and use the data effectively. Cloud computing helps businesses store data and derive value from the collected data.

Cloud Computing

Cloud computing is becoming an integral part of any businesses digital strategy. Organisations which adopt cloud computing experience significant benefits and a competitive advantage over businesses which do not shift to the cloud. Some of the benefits of cloud computing are :-

Flexibility

Cloud computing provides organisations with greater flexibility in many ways. Cloud computing allows scalability of business data without any hassles or down time. Organisations can define their control level over data and focus on the business aspect of the organisation than constantly being occupied in managing and interpreting data.

Accessibility

Cloud based systems significantly improve the accessibility of the business. As businesses go global it becomes imperative to allow access of data from virtually anywhere in the world. Cloud based applications are accessible from any device connected to the internet.

Data Security

The data of the business is safe even in case of system crashes due to networked backups. Cloud based systems also ensure higher level of encryption to safeguard data from online attacks and theft.

Updated software

The companies make the SaaS based applications immediately available to the customers and they constantly update them. Moreover, immediate upgrades provide users with enhanced and new features thereby increasing the productivity of users. Examples of SaaS based solutions are GRC solutions from companies like VComply, Metricstream, etc.

Cost Effective

Moving to the cloud significantly lowers the IT costs of a company. Companies no longer have to spend heavily on purchasing equipment and building their own data center. While on the cloud companies need to pay only as they use the service. Thus, they can easily expand or reduce their capacity and costs as per their requirements.

Reliability

Most cloud service providers guarantee 99.99% up-time. Thus, they assure your business that there shall be no impact on the functioning of the business . Cloud based computing significantly reduces the risk of downtime as present when using a self operated system.

Collaboration

Cloud based systems allow teams to work together efficiently. The ability to view and edit documents in real time alongside colleagues would significantly improve productivity and quality of work. When the whole team can work on the same project simultaneously it also reduces the time taken to complete a project drastically.

Cloud computing has changed the way organizations operate for the better. It has several benefits as highlighted above and has become critical in achieving higher levels of productivity and lowering costs. Businesses which use technology in their operations should switch to cloud computing at the earliest to not lose out on the benefits and get a competitive advantage.

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