With the popularity of remote working, cloud for business quickly became the new norm. Work from home hours were extended, vacations and sick days were eliminated, and employees discovered creative ways to make mobile office spaces at home. Spending on cloud unexpectedly increased by 37 percent year over year, to more than $ 29 billion in 2021. The cloud has even been able to make some predictions come true, such as predicting that in three to five years all online data will be stored on the cloud for use by employees, customers, and governments. While there are still some major challenges to overcome, cloud for business is quickly gaining traction.
Cloud for business is simply a service provider application that provides businesses with storage, processing, collaboration, analysis, and other cloud computing services. Rather than purchasing or maintaining expensive software applications, cloud computing uses a common, standardized interface to deliver and consume common business applications. This eliminates the initial costs involved in purchasing the application and allows businesses to share and replant many previously established IT systems. Many businesses have already begun to use cloud computing for their day-to-day operations, such as providing employees with secure shared storage systems that allow them to access their email, documents, calendars, and even perform work-related tasks via remote access.
Businesses are able to save money by avoiding purchasing additional hardware and software, by expediting business processes, and by saving on management costs. When using cloud computing for business, businesses eliminate the need for costly storage and IT staff. Cloud-based backup solutions are also inherently scalable, which allows companies to add more storage and servers as needed. Using cloud computing for business gives organizations immediate savings on IT costs, while relieving managers of the burden of constantly replacing old equipment and software. Cloud computing is poised to continue growing and expanding as more businesses realize its unique value proposition.