Cloud computing has been around for more than a decade, but the term still seems to be shrouded in mystery. While it was introduced as a means of storing data, cloud computing has evolved into much more and can now be used to store programs and services, as well as data. In addition to the traditional cloud computing business, there are also private clouds, which are operated exclusively by one organization; public clouds, which are open to all; and hybrid clouds, which are combinations of both public and private clouds. Here are five financial benefits of cloud computing that you should know about if you’re interested in using the technology.
Cloud computing saves on hardware costs
While some organizations struggle to keep their data centers running, others are moving to a cloud environment. With cloud computing, hardware costs may be significantly reduced for companies because virtual servers can run on only a portion of an expensive server. Instead of buying and setting up large machines with high processing speeds, companies can rent shared computers in the cloud from vendors like Rackspace or Amazon Web Services. It’s also possible to use virtualization software such as VMware that allows you to run many operating systems on one machine. This helps reduce power costs as well as cut down on unnecessary hardware. More importantly, it reduces space costs because fewer large machines are needed.
No need to purchase or maintain servers
Depending on how many employees you have, one or two servers may be all you need. With cloud computing jobs, there is no worry about keeping them maintained; everything is handled by a provider that specializes in handling servers. Many cloud providers offer server options in a range of shapes and sizes, so chances are you can find something that matches your needs exactly. Not only do cloud providers handle any hardware needs, but they also manage server software updates and maintenance as well.
Data is secure online
Because data is stored in one place, it is much easier to maintain security over sensitive information. If a hacker or other threat gains access to your data through traditional methods (e.g., your hard drive), that means they could possibly gain access to all of your documents at once leaving you vulnerable in ways that would not happen with cloud computing. Furthermore, each user has their own private online space; unlike traditional servers, there are no shared spaces where one person’s actions can affect others’ accounts and files. This enables every user to remain confident that their own information will remain safe no matter how many people share an account with them.
It’s cheaper in the long run
With cloud computing, you can keep your attention on growing your business instead of wasting time on maintaining and troubleshooting computer systems. The idea is to focus on doing what you do best, running your business. Leave any maintenance and technical headaches behind with a cloud computing solution from FireHost . In fact, you’ll be able to scale up as fast as you want without ever having to invest in new hardware or software licenses. Just turn a dial or two, and boom! You have all the storage and computing power you need for less than it costs for an office lunch once a month. It really is that simple. If there are problems, they’re managed by FireHost’s expert team 24/7/365 so it’s not your headache anymore.
Business owners can focus on business growth
When an organization has fast, responsive, and secure data storage and applications running on a cloud-based platform, its employees can focus more intently on growing their business. The technology will allow you to leverage your human capital in a way that will result in more revenue for your business. With a more robust infrastructure undergirding everything you do, your users will be happy with less downtime and a higher quality user experience than ever before. All that translates into larger profits for you as well as happier customers who stick around longer because they like working with you so much better than they did when things were slower or less reliable.