The Cost Benefits of Cloud Computing

Cost Benefits of Cloud Computing

The Cost Benefits of Cloud Computing

It used to be that it was difficult to make the decision to move IT infrastructure to the cloud. With the recent surge in cloud computing, however, this decision becomes easier to make. The truth is that moving to cloud computing will be more beneficial than harmful to your business.

Cloud computing benefits your business in numerous ways. To the most businesses, however, the cost saving benefits that cloud computing can bring are vital. Those businesses that do move to cloud computing experience cost benefits that increase their profits in the long run. Some of these cost saving benefits of cloud computing include the following.

Ease of Collaboration and Storage

Most businesses use a cloud service for storage purposes. There are also those businesses that take this one step further and use cloud computing for collaboration purposes. Either way you look at it, these two primary functions can save your business a lot of money.

In terms of storage, the cloud takes over your storage needs to ensure that you get quality data storage at a fraction of the required cost. If you were to do it yourself, you would have to spend a lot of money on IT infrastructure including hardware and software. This is on top of the fact that you would have to pay IT professional staff to manage your data.

Those who use the cloud for collaborative purposes, also experience some cost saving benefits. The cloud is one of the most important collaborative tools you can use. It allows people who could be in different corners of the world to work on the same project.

To a business, this means you get to hire the best people for the job regardless of geography. The best people for the job are productive and productivity equals lower costs and higher profits.

Resiliency and Flexibility without Redundancy

One of the most impressive characteristics of the cloud is its flexibility, scalability and resiliency. These three would be almost impossible to achieve on an in-house data solution. These three characteristics also make the cloud very cost effective for any business.

When using an in-house solution, you would need to buy more hardware every time your data needs increase. The cloud has a less expensive solution to this problem. It is known as scalability where the Cloud Provider increases or reduces your cloud needs to correspond with your needs. In this way, if your data needs change, the cloud adjusts to give you just the amount of space you need.

Cloud providers will even allow you to pay as you go. This means you only pay for what you need and nothing more. In in-house data solutions, there is the tendency to have more space than you need. This is costly to your business since you are paying for the maintenance and management of hardware and software that you don’t really need.

All of these benefits make the decision to move to the cloud easy for most. All businesses need to reduce costs and make bigger profits, so the cloud can clearly help.

What aspect of cloud computing do you think would make you choose the cloud over an in-house solution? Share your thoughts with us in the comments sections.

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