By Anna Kucirkova, technology writer

Today, millions of people are inevitably familiar with the term cloud computing. Many businesses, on the other hand, are using the cloud for storage, running applications, and as servers. It is a convenience and affordability wrapped into one. Organizations of all sizes are using cloud computing innovations to cut down operational costs. However, the term is still broadly misconstrued and its use misunderstood across some markets.

Cloud computing means business

Cloud computing is the child of faster internet connections and an extensive network of computers. In the early days, internet connection was slow and costly to use. Today, a free Gmail account can enable the sharing of important documents at lightning speed, and it can enable clients to access numerous applications ranging from Google Docs and Spreadsheets to storage.

The bottom line is that your business no longer has to put up with expensive disconnected software and hardware to facilitate business operations. Cloud computing can allow smooth operations from a central point, and businesses get a plethora of amazing applications for accounting, inventory management, administration and so on.

How cloud computing works for business

Before the onset of cloud computing, memory was the biggest problem businesses faced with servers. Installing, maintaining and renewing software was costly—CD ROMs had to be run on every single computer. Security was a disjointed and inconsistent.

That has changed. Today, every business operation from creating or saving a Word document to installing and running software happens through the system of interconnected computers. Efficiency security is bolstered since company documents now live in the cloud as opposed to hardware that can be damaged or targeted with attacks.

Benefits of cloud computing

The cloud comes bearing numerous gifts for many organizations. The advantages stem from unity and super-interconnection of computers that make everything possible. Before jumping into the cloud, however, businesses need to strategically plan and execute a smooth move to keep the company running even during the transition. Below are the reasons why you need to make a move.

Cost Savings

Cloud computing can spare your business from incurring unnecessary costs. For starters, you will have access to every business application that you need, together with regular updates. You will also no longer need those expensive servers and their hosting fees, hard disks and software licenses; all you will need is a single subscription to access all these functionalities at a unique place.

Extra office space

As mentioned earlier, with cloud computing you will no longer need servers, so that means that you will have additional space in your office. Sever rooms take up a lot of floor space. You can convert that to an extra office room or kitchen.

Security

The cloud ensures that your information is stored safe and sound. First, calamities such as fire, floods, hurricanes and many other disasters need not cripple your business. All your business life will be safe and secure on the cloud. Cloud computing can also keep your information and documents safe from hackers and other cybercriminals.

Fair competition

Membership models and flexible arrangements enable organizations of all sizes to get superior quality software that they may not have managed to afford before. For this reason, even smaller businesses can reach a level playing field with more prominent corporations. Small ventures will have an increased capacity for growth in the market.

The advantages are many, and the future is approaching at an unstoppable speed. Businesses that delay adapting to this change might find themselves on precarious grounds of huge operational costs, storage costs, data loss, and cyber-attacks.

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Anna Kucirkova