Cloud computing technology has freed businesses and general users from the bondage of limited memory storage that computers and external hard drives impose, and has brought around many more advantages – including lower costs and augmented production—especially to small businesses and start-ups. In the modern age of global IT/Cloud/AI technology expansion, we are now able to store, secure, access and share infinite volumes of data of any format on online servers hosted by Public Cloud/IaaS (Infrastructure as a Service) providers—or choose to have a Private Cloud server installed directly in the company’s IT/database infrastructure with the aid of security experts and IT/Cloud computing technicians provided by a Private Cloud service. Some services also offer both Public and Private Cloud deployment, as in the case of Microsoft’s Azure Hybrid Platform which can handle tasks simultaneously on both the Cloud server and the client data center, and is mostly used by companies who do not want to do away completely with their data center but migrate only some of their data to the Cloud.
General Cloud Advantages
The Cloud really has optimized every business across every industry: Transportation, Education, Agriculture, Health, Travel all have benefited by migrating to the Cloud and drawn enormous advantages. These include but are not limited to reducing bureaucracy,reorganizing the company infrastructure so that all levels can access the same data simultaneously and in real-time across all their smart devices (laptops, smartphones, Tablets, digital cameras, etc.), save time with AI applications that can process and filter valuable business data through text mining and semantics/cognitive processes, and use AI applications that can recognize human behaviour, mass consumer trends, and predict any fluctuations in customer demand/satisfaction to offer business solutions or strategies well ahead of any future crisis.
Lowering People Costs
All other benefits aside, the benefit we will be focusing on in this article is that cloud computing can cut costs, and allow businesses to use their finances to improve other areas of their company. There are three basic ways to save money through the Cloud. The first is that cloud computing can lower people costs. Within a company, staffing costs for technology can become on of the largest costs in this area, since you need to recruit the right people with the right expertise, and also make sure they get a decent salary with benefits. When the cloud is implemented into a company, IT employees can diversify and acquire extra skills (even in Cloud technology) after you migrate to the Cloud, and can contribute their valuable services and expertise to many other aspects of the company infrastructure. There may not be a need to have employees focus on data storage. In effect, staffing fees charged by your Cloud provider for the services of its technicians are significantly lower than the salaries you pay to your IT people.
Lower Power Costs
The second financial benefit of cloud computing is lower power costs, since you won’t have to rely on 20 or even a hundred external drives and computers, and the myriad of electric cables that can fill up an office. This not only saves you money on the electricity bill, but the added advantage is that you can also transform your company into a ‘mobile office’ so that employees can work remotely through their smart devices (and thus you can save on office space rent as well!). Amazon’s AWS has been highly successful worldwide (over one million clients in over 190 countries) because it delivers high computing power capacity which is 10 time higher than that of the other 14 big competitors. Processing speed and power capacity is a factor that influences power consumption, so that is another factor to keep in mind, and Cloud providers charge less for electricity than you spend on your data center and server.
Zero Capital Costs
Thirdly, there are zero capital costs when it comes to cloud computing, as opposed to running your own internal server which requires an up-front capital investment; that investment is lost money that cannot be put back into the company and wasted on maintaining your server. However, in the world of cloud computing, someone else will be handling/worrying about the capital investment. Cloud costs are also scalable, and you can start small then progress to higher memory storage as your business grows
Handing over your private data to be deployed and managed by an external party (IaaS) can seem dangerous to some companies due to security concerns, but the fact is that Cloud computing services have highly skilled and competent professionals who deal with every aspect of Cloud technology, including cyber security: in fact there is a very high demand by companies and providers for Cloud computing experts nowadays, and plenty of jobs in the Cloud computing/IT/AI industry conglomerate. However there is a lack of skilled experts and so this is why, as advancements in technology and upgrades continue to increase progressively, careers in Cloud Computing are expected to boom in the near future. If this looks like a potential investment for your company, you might think about training your employees and IT department directly in Cloud computing technology so they can gain the right skills to manage and implement the Cloud system and varied applications (or use free services if you are small and want to start to invest at a minimum before then incrementing as your business and data volume grows). There are numerous courses offered by accredited institutions such as Cloud Academy that offer cloud certification for the major cloud platforms on the market today (Amazon Web Services, Microsoft Azure, Oracle, IBM, and more), but it is essential to identify first what specific Cloud services and applications you need for your business and for what purpose.