While cloud computing has been around for approximately two decades, many businesses still operate without it despite its efficiencies, cost-benefits, and competitive advantages. 69 percent of companies already use cloud computing in some capacity, and 18% plan to implement cloud computing at some point in the future, according to a study by International Data Group. According to Dell, companies that invest in big data, cloud, mobility, and security grow revenue 53% faster than their competition. The cloud-computing trend togglebox.com is increasingly being recognized by tech-savvy businesses and industry leaders as it offers many benefits. Furthermore, they are utilising this technology to increase their overall profit margins and run their businesses more efficiently.

1. Savings on costs

20% of organisations are concerned about the cost of implementing a cloud-based server, so you are not alone if you’re concerned about the price tag. However, when weighing the advantages and disadvantages of using the cloud, it is necessary to consider more than just the initial cost. In the cloud, it will be easier for you to access your company’s data so that you can start projects more quickly and efficiently. Most cloud-computing services are pay-as-you-go, which means you won’t be paying for features that you don’t need or want. Therefore, even if you do not use the cloud, you will not have to spend any money on it if you do not take advantage of it. Data storage space is also pay-as-you-go, meaning you’ll get exactly the amount of space you need, and not be charged for any space you don’t need. In combination, these factors reduce costs and increase returns. As a result of using cloud-based applications, half of all CIOs and IT leaders surveyed by Bitglass reported cost savings in 2015.

2. Protecting your data

The adoption of a cloud-computing solution raises security concerns for many organisations. Without secure onsite storage, how can you know that your files, programs, and other data are secure? What’s stopping a cybercriminal from accessing your data remotely? Actually, quite a bit.  In addition, cloud hosts monitor security full-time, which is significantly more efficient than conventional in-house systems where organisations must divide their attention among a multitude of IT concerns, with security only one of them. The truth is that a staggeringly high percentage of data thefts happen internally and are committed by employees, even though most companies are unwilling to openly consider the possibility. This makes keeping sensitive information offsite much safer. Let’s consider some solid statistics, since all this is very abstract.

3. A flexible approach

Business owners need to divide their focus between all of their responsibilities within a finite amount of time. You won’t be able to reach business goals and satisfy customers if your current IT solutions require you to devote too much time to computer and data storage problems. In contrast, outsourcing all IT hosting and infrastructure to an outside company will free up more time for you to focus on other aspects of your business that directly impact the bottom line.As opposed to hosting on a local server, the cloud offers businesses more flexibility. A cloud-based service can be accessed instantly if you need extra bandwidth, rather than having to undergo an expensive (and complex) upgrade. A company’s overall efficiency can be significantly enhanced when it has more freedom and flexibility. A survey by InformationWeek found that 65% of respondents cited “the ability to meet business demands quickly” as the main reason to move to the cloud.

4. Affordability

The play clay company also providing cloud computing facilitates mobile access to corporate data via smartphones and devices, ensuring that no one is left behind due to the fact that over 2.6 billion smartphones are being used worldwide today. Using this feature, employees who live far from the corporate office or who have busy schedules can keep in touch with coworkers and clients. Travelling employees, freelancers, and remote employees can access information conveniently through the cloud. Employee satisfaction is associated with up to 24% higher cloud adoption rates for organisations that prioritise it.