While you hear the term cloud computing frequently and see the images of puffy whiteness illustrating the concept, you may still be wondering, “What is cloud computing?”
Despite being a standard technology solution for many years, it’s still a good time to understand the basics of what the cloud is and how the benefits of cloud computing can help your business.
What Is the Cloud?
Simply put, the cloud is a global network of servers accessed via the Internet. Many people incorrectly assume the cloud is a non-physical computing solution, when in fact the cloud consists of physical locations that house hardware, software, applications and services. Cloud computing delivers on-demand computing services on a pay-as-you-go basis.
There are three basic types of cloud computing services:
How Prevalent Is the Cloud?
The cloud is becoming increasingly common in business today. According to IDG’s 2018 Cloud Computing Survey:
What are the Benefits of Cloud Computing for Your Business?
Cloud computing has multiple advantages for businesses of all types. With the cloud, multiple users can leverage the infrastructure and services available in the shared space. At the same time, businesses can control and customize what is used and how it’s used.
Here are some of the major advantages of cloud computing:
The cloud is likely to continue to be a source of innovation, efficiency and productivity for businesses large and small.
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”