What your firm should know about cloud computing

Clouds [EXPLORED]
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Cloud computing is all the rage in the IT industry, but some businesses have simply not realized the advantages of the technology or are not educated in how to use the solution. A recent Hosting News report highlighted some of the terms that prospective cloud users should be familiar with moving forward.

The news source explained that cloud backup is one of the most important terms associated with hosted environments. This means that on-site data is backed up to the cloud or information is moved to a remote location. This type of deployment is often used by companies to safeguard their most important assets from disruptions, including natural disasters.

Cloud storage is another aspect of cloud-based environments that companies should know about, according to the report. This type of deployment is generally to house big data, for backup or content delivery purposes.

Companies looking for ways to improve operational efficiency without going over budget can do a lot worse than cloud computing. Businesses no longer have to invest in on-site infrastructure that requires an upfront investment. Instead, the cloud is backed by a subscription-based model.

Does the cloud offer any more benefits?
In addition to enhanced efficiency and cost-effectiveness, the cloud includes many other functions that make it a useful technology. Dimensional Research recently conducted survey of corporate executives and found that 80 percent believe the cloud is a valuable solution, while 53 percent of CIOs answered similarly. Nearly 60 percent of CIOs said cloud computing helps meet compliance requirements and 51 percent cited it as a competitive advantage over rivals.

“Our survey findings show business value is an overwhelming driver for cloud adoption among business executives, while CIOs cite a range of reasons for moving to the cloud,” said Dimensional Senior Research Analyst and study author Diane Hagglund. “Better compliance and increased competitive advantage were also identified as key drivers.”

Companies that continue to wait on moving their data and applications to the cloud may regret it in the long run. It is clear that more executives are becoming comfortable with the idea of hosting critical infrastructure in the cloud. While some firms are struggling to operate without going over budget during the current economic crisis, the cloud can help organizations address this situation with its impressive functionality.

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