First of all, let's define what is meant by the term cloud asset management. There's…
Businesses and IT enterprises alike are transitioning more from on-site IT systems to the cloud and are likewise making more use of cloud computing consulting services. The global pandemic has added more momentum to the cloud migration trend, with businesses spending 36.4 billion on cloud-based solutions in just three months in 2020.
But what is the cloud, exactly? Traditionally, business owners and managers have invested in buying IT hardware for their business’s IT infrastructures, such as servers and storage, that are kept and managed on-site. When we talk about the cloud, we are talking about access over the internet operated by dedicated cloud hosts and cloud computing consulting groups.
The job of the cloud hosts is to keep the servers and each client’s business infrastructure running efficiently with the latest data security protocols. Migrating to the cloud isn’t a complex decision when you’re working with a dedicated managed cloud service provider because they function like your own in-house IT department.
Why Companies are Moving to the Cloud
So why are so many companies moving their data and business infrastructure to the cloud?
The main reasons include:
- Lowering IT Costs
- Improving Business Agility
- Better Security
- Improving Scalability
- Storage Space
Below is a little more detail regarding these points.
Lowering IT Costs
Moving IT infrastructure to the cloud allows businesses to stop wasteful spending on hardware that they may not need. Rather than estimate the future hardware requirements of their business’s IT infrastructure and then purchase or lease the required equipment, migrating to the cloud gives businesses much more flexibility.
Cloud providers can provide the right amount of IT resources based on the business’s real-time requirements as they migrate more data and infrastructure to the cloud instead of relying on preliminary estimates. This also means that last-minute adjustments are extremely easy to make, and a business’s infrastructure capabilities will not limit its growth in the future.
Improving Business Agility
The global economy demands that businesses run at peak performance without interruptions. And when a problem occurs, companies can no longer afford to wait days, weeks, or even months on new hardware or a hardware specialist.
Migrating to the cloud improves a business’s agility because when an issue occurs, there is a fully qualified IT professional on the other end of the cloud who can diagnose the problem and provide instant fixes. This accessibility reduces unwanted downtime and interruptions for a more agile and resilient system.
One of Deloitte’s latest surveys of over 500 IT executives showed that security and data protection were the number-one reasons businesses migrated to the cloud. 58 percent of their respondents ranked security and data protection as a top priority, which is understandable since the cloud allows companies to:
- Modernize IT infrastructure for better protection.
- Implement the latest best practices in data protection.
- Gain access to 24/7 monitoring services from their cloud provider.
- Customize their IT security based on their particular operation.
- Leverage the latest technologies as new security innovations appear.
Business Scalability and Storage
Business growth relies on organic expansion, mergers, or acquisitions, and infrastructure must keep up with increasing demand. New investments need to be integrated into existing business platforms. Cloud computing consulting groups and cloud storage makes growth processes seamless and can also provide businesses instantly with additional storage space as they need it.