For instance, with cloud computing, banks are better able to not only store transactions but also securely manage records as well. Similarly, healthcare record management services have improved significantly due to the efficient management and storage of patient data obtained from different parts such as lab reports and wearable devices. Stakeholders are able to take advantage of applications that the cloud offers rather than setting up a physical on-site data center. Listed below are four ways in which cloud technology is likely to change in the coming days:
- Technology companies will establish themselves due to the rising demand for cloud computing by businesses
As internet connectivity continues penetrating different parts of the world, startups are likely to increase and so will the demand for storage and other cloud-based services. According to Nasdaq, the number of internet users has increased by about 82% since 2012 which means that about 1.7 billion people have been connected since then. This number increases demand for cloud space and cloud computing companies. The flexibility offered by cloud computing lets companies opt for remote storage instead of more costly local data centers that have expensive infrastructural demands and maintenance.
- Businesses are moving away from ownership to sharing of resources
Before the cloud became widely available, companies were doing everything in-house. As such, they were forced to invest hundreds of thousands or even millions of dollars to build their own data centers, develop their own CRM tools and programs to store data. However, the cloud has taken over most of these services at significantly lower cost and better quality. Many companies are finding it easy to delegate these services at a substantially reduced cost. With the sharing of servers, cloud companies ensure quality enterprise services and companies can replace costly in-house tools.
- Enable a Flexible Workplace
Among the most important benefits of cloud computing is that it allows flexibility and enhances how teams work. This means that whether you are seated in one office with your colleagues or you are far away in another country, you can still access the organization’s resources and work any time and any day. Changes can be made live with little or no disturbance. This trend is going to continue to the extent that the number of fixed offices is being reduced in favor of virtual workplaces.
- Store data safely
As companies, both big and small begin embracing cloud-based services, security becomes critical. However, some people have remained skeptical about the security of cloud storage even though security in the cloud has been shown to be better than what individual companies can deliver for themselves.