on 11 January 22
Cloud Storage: The New Way to Cut on Business IT Costs
Businesses are concerned about the affordability of information storage. For one, hard-disk-based storage solutions are not viable in light of the large volumes of data that companies produce. Also, high investments in on-site storage solutions face a risk of natural disasters and physical intrusion. However, the continued affordability of telecommunication costs has made the concept of storing data in off-site facilities more feasible. Furthermore, cloud storage providers have come up with numerous offerings that allow the small- to medium-sized enterprises to enjoy data backup models that were traditionally a preserve of the large corporations. Accordingly, the cost savings that are realizable from this emergent technology touch on a broad range of IT functions, such as capital investments in IT infrastructure, security, and data management.
How cloud storage architecture provides for cost savings
Cloud storage enables a business to store its data in virtual locations. The company only pays for storage space it requires per time. The business’ applications can also serve their customers round the clock because cloud storage solutions provide hosting facilities, which remove the need for software applications to run on on-site computers.
Because cloud storage for business serves multiple clients, it can afford to provide cost effective packages to its customers. Subsequently, the organization does not have to deploy sophisticated data storage in its offices. The savings accrued from employing a lower number of IT specialists affects the business' bottom line directly as it focuses a higher volume of its resources to its core business objectives. On the other hand, while IT experts continue to command high salaries in the developed countries, non-IT outfits have to incur massive human resource costs to reward and sustain computing experts who are infamous for their high turnover.
Cloud technology and telecommuting
An organization can offer its workforce access to its cloud-based resources, hence facilitating a remote-based model for its employees. Similarly, the data on the cloud expands the location footprint that a business can cover. The workforce does not have to acquire a direct connection to the business’ offices to execute their work; they only require a device with a web-based interface to access, manipulate, and update data. Thus, through this approach, small startups have the ability to scale their operations quickly since establishing field operations is easy as procuring minimal office space with the requisite data connections. Such a technology is being confidently used by online businesses, like HandMadeWritings.
Improved data security
Cloud storage services protect the data of their clients using the best security standards. While business would have to procure expensive information security policies to manage its on-site data, cloud storage solution maintains the data integrity without demanding a technical involvement of the firm.
Ultimately, recent developments in cloud technology point to the development of IT services to a level where it is both affordable and straightforward to establish a startup. For instance, when a firm requires additional storage space, it does not have to initiate lengthy hardware procurement processes if it stores its data in a cloud-based solution. Cloud storage options deploy virtualization technology that enables them to expand the space available to a client without any additional capital costs. As a result, the business only invests in periodic storage expenses, compared to the amount of upfront investment that on-site storage solutions require.
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