Estimated reading time: 2 minutes, 24 seconds

Ways Cloud Computing Technology Is Changing

Ways Cloud Computing Technology Is Changing Photo by 贝莉儿 NG on Unsplash

Cloud computing is a major buzzword in the business world today. It has significantly impacted how we do business in a variety of ways. From banking, agriculture, education, and healthcare, it has managed to change how we use data and has given many firms a competitive edge.

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:

  1. 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.

  1. 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.

  1. 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.

  1. 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.


Read 729 times
Rate this item
(0 votes)
Scott Koegler

Scott Koegler is Executive Editor for PMG360. He is a technology writer and editor with 20+ years experience delivering high value content to readers and publishers. 

Find his portfolio here and his personal bio here

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.