Cloud Computing Benefits Productivity, Reduces Costs, Study Shows

March 19, 2015 Off By David

Grazed from MidsizeInsider. Author: Kelley Katsanos.

Increased productivity and cost reductions are the most-valued cloud computing benefits, according to a recent global study of 1,000 senior IT decision-makers conducted by Tata Communications. "The cloud has lived up to industry hype," according to eWeek. Eighty-three percent of organizations have realized additional cloud computing benefits that they did not initially expect, such as increased productivity and cost reductions. Though these cloud benefits have been consistently touted, midsize firms should also consider the cloud for data storage and streamlining processes to reap additional rewards.

Cloud for Data Storage

"By 2024, off-premises storage will have overtaken on-premises alternatives," eWeek reports. Further, the study shows that in 10 years, 58 percent of organizations will have their data stored in the cloud, as compared to 28 percent today. Midsize firms with limited resources may find it difficult to ensure consistent, on-premises data security and processes…

The built-in features of cloud storage services, such as automated backups, may offer additional security. Decision-makers should conduct a thorough analysis of their organization’s state of security to determine if a cloud service can further mitigate risks. For example, midsize businesses without solid on-premises business continuity or disaster recovery plans may stand to benefit from cloud computing solutions…

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