The cloud is quickly gaining traction as one of the major players on the tech scene, and is expected to become a $236 billion market by 2020. Nearly 18% of U.S. and U.K. business applications are already running on cloud platforms. With the cloud moving to the forefront of business technology, savvy businesses will be left to determine whether cloud storage or cloud computing best serves their needs.
Cloud computing uses processing power to complete digital tasks and reshape the way business is done. From managing servers to virtualization, 74% of Tech Chief Financial Officers realize that cloud computing will play a major role in their business success. Cloud computing allows businesses to expand their audiences through the uses of websites and applications. As more businesses transfer information and applications from their hard drives to the cloud to cut costs and enhance security, cloud computing is trending upward, with an annual growth rate of 19%.
The cloud can be used to store data in lieu of an internal hard drive. External storage helps keep your data safe against internal system meltdowns, and syncs it across devices so that teams can access or share information from anywhere. Cloud storage is typically used by businesses to save and share documents and files. It’s typically more cost-effective than hard drive storage, and much to executives’ delight, is more flexible to a business’ changing needs.
Both cloud computing and cloud storage have paved the way for future data usage and storage, providing a cost-effective, consolidative, streamlined way of doing business. To learn more about the different types of Cloud Computing, start here.