Nowadays organisations are seeking new and better ways for their business to maintain cost, disaster recovery, consolidate building, availability, and all these can achieved through cloud computing. cloud computing increases efficiency, improves cash flow and offers many more benefits. If you are not using the cloud technology then definitely you are in beyond. According to Statista, 63% of medium and small-sized industries are already using cloud computing, while 32% are planning to implement or analyse how could these technologies are used for your organisation. Especially for small and medium scale organisations cloud computing provides numerous benefits. It has been contributing an immense growth to different sectors like IoT, AI, etc.
To meet ever-changing business needs, organisations need time and budget to scale IT infrastructures such as software, hardware and other services. In a un premises IT infrastructure, the scaling process is slow, and organisations are unable to achieve the utilisation of infrastructure frequently. Cloud computing is a pride and safe as they provide computing with the internet. It consists of highly optimising virtual data services providing various software, hardware and service for use we needed.
What is Cloud Computing?
Since from last ten years, we are observing traditional software models have been moved to the internet as well technology moving towards the cloud. Looking forward to cloud computing, it will provide new ways to collaborate through mobile devices everywhere.
Cloud Computing is a kind of virtual data storage, which is used for storing and accessing the data over the internet instead of system hard drive. Cloud is just a replica for the web. Before the cloud, we used to save our data and run programs from the computer hard drive which is a local storage computing.
In the present day scenario, we are using the cloud-based applications in every step of our life. Using cloud solutions, Using cloud, you can send a mail to a friend via the web, play an online video game, use a mobile phone and download an image easily in no time. All these services are kept in cloud and store somewhere in digital space.
Image credit: Statista
Benefits for small and medium business
The cloud computing technology is providing enormous benefits and information processing tasks to all size of companies. Likely it opens more doors to the small and medium scale enterprises as per requirements helping them grow in all aspects with its versatile applications.
Below discussing are Top Five significant ways of enterprises are benefiting from the cloud computing technology in 2024.
- Cloud-based office systems
In 2024, every business organisation looking towards the collaborate work environments. For the group based projects Microsoft office 365 and Google G suite are well suited than traditional, and they allow a group of peoples to work simentuously, and changes are reflecting in real time across all devices.
- Remote Work Spaces
The cloud-based office systems are also called location-independent office environments. It provides flexibility and allows employees to work remotely while they are on trips and conferences. Other cloud-based applications like skype retain for communication between employees and management.
By 2024, surveys estimate that closely 80% of workforces will work remotely. With the implementation of remote workspaces, your business is stepping ahead of your competitors.
- Scaling infrastructure
In 2024 cloud technology, scaling infrastructure is one of the rapidly growing applications. In cloud computing, scaling is one of the essential feature that automatically scales the infrastructure horizontally and vertically without impacting running applications. The main benefit with the scaling is you can pay only to the used resources while it is different in non-cloud approach. It provides more economical solutions to the small and medium scale business enterprises.
- Big data Analytics
In the present day scenario, nearly three-quarters of the small and medium scale businesses use big data. Cloud computing gives the processing power for accessing and using the large quantity of big data. But more no.of business owners overestimate the challenges associated with big data. The efforts you will put forth it will be worth it.
With this, you can make better decisions based on customer data and offers more relevant information to customers and also provide the wants and needs of the customer in real time. Nearly all companies are shifting towards the user-friendly data analytics interference, for handling a large amount of data open source tools Hadoop and HPCC are very useful to the small business.
- Backup and Recovery
Security is a significant problem for small-scale businesses, and with cloud technology, we can overcome this. According to the Better Business Bureau survey in 2024 40% of Businesses agreed that cloud technology is more profitable if they lost the access of any critical data.
The cloud-based data storage helps us overcome security concerns through building redundancy of company’s information management approach. A hybrid system is the best backup for local data into the cloud, and they offer real-time protection against security breaches, and it allows companies to reduce its backups and physical infrastructure.
Summary
Cloud Technology is not only for improving the storage and security but also gives accuracy in making business decisions. The potential benefits offered by cloud technology in 2024 drive new baseline to the Information Technology.
Sandeep Reddy, Science graduate and been
into a technical content contribution for Mindmajix from past one year. He is passionate about
learning new things about the technological advancements that help mankind for
a better living. His articles focus more about latest trends happening around
the world.