About a decade ago, the could computing market was worth about $24 billion. Today, in 2022, the market has surpassed $150 billion.
This exponential growth can only mean one thing: more and more organizations are using the cloud. Unfortunately, a high number of small enterprises aren’t leveraging the power of the cloud. It’s mostly the mid-sized to large organizations that are the big consumers of cloud technology.
If you’re the owner of a small business that hasn’t started using the cloud, what are you waiting for? Need some convincing?
Read on to learn the powerful benefits of cloud storage and how it will help make your business more competitive.
Data Backup and Security
Even if your business isn’t using cloud technology yet, you’ve certainly digitized some of your operations. This means you’re collecting and storing data that’s useful to your business.
Consequently, data storage and security is one of your biggest priorities, especially considering the fact that data breaches are becoming more common among small businesses. A key element in safeguarding your data is creating backups, such that if it’s compromised, you still have copies.
Before cloud technology, creating data backups meant copying the data to physical hard drives and other storage devices. But with cloud tech, you now have a data backup option that doesn’t need you to purchase any physical hardware.
Many companies now offer cost-effective and secure cloud storage services. All you need to do is purchase adequate storage space and backup your data. Unlike physical hard drives, you can access data in the cloud from anywhere in the world.
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Promotes Workplace Collaboration
If you’re using digital collaboration tools in the workplace, that’s cloud technology in action. Tools like slack give you the power to store documents that anyone on your team can access. They have reduced the need to email documents and other pieces of data among coworkers.
Cloud storage enhances your company’s collaboration capabilities. Teams can access and share information that’s stored in the cloud quickly and efficiently. This improves productivity and even employee satisfaction.
As your business grows, so do its data storage needs.
Without cloud storage, expanding your business’s data storage capacity would mean purchasing more data storage hardware. This comes with other cost implications, such as finding more space to install or store the hardware. Clearly, this can pose big challenges when your business wants to scale.
When storing data in the cloud, scaling is as easy as making a few clicks of the mouse. You just need to purchase more cloud storage space, which is way more cost-effective than purchasing additional IT hardware.
Reap the Benefits of Cloud Storage
Cloud technology is revolutionizing how we do business. There are many ways your organization can make use of this technology, but it doesn’t get better than cloud storage. Now you can store, access, edit, and share your data without spending a ton of money – which is one of the many benefits of cloud storage.
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