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The Future of Cloud Computing Looks Bright

The Future of Cloud Computing Looks Bright

Due to the onset of the COVID-19 pandemic, businesses around the world are feeling a sense of urgency to begin a digital transformation, and cloud computing will play a significant role in it.

Before the onset of the pandemic, many businesses were looking at cloud computing to accelerate their digital transformation but were held back by multiple barriers.

But the COVID-19 pandemic has transformed our economy into a remote working one virtually overnight. Many business sectors had to welcome this conversion to retain their space in the world economy.

The adoption of cloud computing played a critical role in this transformation. Cloud computing wasn’t new, and platforms like Microsoft Azure, Amazon Web Service, and Google Cloud had already established their position in offering scalable, flexible, and cost-efficient services to businesses.

While many businesses are finding it difficult to adapt to the new conditions, companies that had chosen to invest in a cloud computing infrastructure ahead and during the pandemic are functioning well.

Now let’s look at some of the perks of cloud computing and its importance in the coming years.

Benefits of Cloud Computing

Reduced Cost

Organizations that adopt cloud computing drastically reduce their cost of purchasing hardware and software. These companies no longer had to buy local servers that took up physical space, required maintenance personnel, and consumed power 24/7.

Businesses no longer had to depend on hosting teams to deliver their computing needs. In fact, cloud computing has the ability to eliminate downtime, a period when your computer system is inoperative due to maintenance, failure, or other reasons.

Security

Many organizations have security concerns regarding cloud computing. How can you trust a business to protect your most valuable assets that can be accessed remotely?

But in reality, implementing a cloud platform for your enterprise can bring a higher security standard that your in-house IT team is unlikely to achieve.

Cloud computing platforms invest heavily in security and machine learning to detect any online threats, ensuring that your business remains protected 24/7 at an affordable cost. Their data centers are continually being upgraded for maximum protection, speed, and performance.

Scalability and Flexibility

One of the key advantages of using cloud service is scalability. Cloud service allows organizations to scale up and down according to their interests.

These multiple pricing plans allow you to scale your business without any expensive infrastructural changes in your current IT system.

Moreover, cloud computing allows your business to be more flexible than ever. Your employee can access files using their devices such as smartphones and laptops from anywhere around the world.

Cloud Computing is here to dominate

According to a report, more than 90 percent of businesses around the world use public clouds, while 72 percent use private ones. In contrast, most enterprises utilized both options, with 69 percent opting for hybrid cloud solutions.

Moreover, the cloud computing industry is anticipated to grow from USD 371 billion in 2020 to USD 832 billion by 2025.

All these forecasts point to the same thing-cloud computing is here to stay. Cloud Computing is more affordable, secure and faster, and will play a significant role in the post-pandemic recovery stage.

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