On-premises computing resources have now become a thing of the past. Instead, the growth in digital services has made the cloud a big deal, nudging enterprises worldwide to shift to cloud services. In addition, the pandemic, playing a massive role in the cloud revolution, has underscored the sheer benefits of cloud computing across various use cases, from finance and banking to education and healthcare.
Gartner estimates over 95% of digital workloads to see cloud deployment by 2025, with more than 85% of organisations adopting a cloud-first principle. The research body further expects the global cloud revenue to hit 474 billion USD in 2022, up from 408 billion USD in 2021.
The stats and figures lead one to speculate: What makes global enterprises shift to the cloud?
The answer lies in the benefits of cloud computing.
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What is cloud computing?
Before we talk about the advantages of cloud computing, understand what cloud computing is and what it entails.
Cloud computing refers to the on-demand delivery of computing resources over the internet on a pay-as-you-go basis. These resources include storage, servers, databases, networking, analytics, software, intelligence and more, hosted at a remote data centre and managed by a cloud service provider (CSP). The CSP provides the computing services either on a subscription fee or bills them through usage.
Instead of buying, owning and maintaining physical servers and data centres, cloud computing grants access to IT resources on a need basis from a cloud provider. Since you only pay for the cloud services you use, cloud adoption significantly lowers operating costs. It enables businesses to run their infrastructure efficiently while scaling and flexing with the changes.
Key Benefits of Cloud Computing
Here’s a list of the benefits cloud computing enterprises can expect to reap by adopting cloud infrastructure:
With cloud infrastructure, enterprises can market applications quickly without worrying about maintenance or underlying costs. Moreover, cloud-based data and applications are accessible from almost any internet-connected device, saving valuable time and resources. Moreover, since cloud computing relies on remote resources, organisations do not need physical servers and other equipment for data storage.
With cloud computing, enterprise users need not allocate resources in advance to handle surges in business activity. Instead, users can provision resources and scale up or down to support fluctuating workloads. Cloud computing also offers ample flexibility in storage. Users can choose from public, private, and hybrid cloud storage offerings.
3. Cost Reduction
Cloud lets enterprises save on capital expenses and only pay for IT services you use. By using cloud infrastructure, users need not spend on buying and maintaining physical equipment or facilities. Cloud also reduces the costs of supporting large IT teams required to maintain data centres. Also, since cloud systems rarely see downtime, costs related to downtime reduce significantly.
4. High Speed
Dependency on on-premises hardware facilities and slow procurement processes is time-consuming. With the cloud, users access an extensive range of technologies within seconds or minutes, reshaping software development agility. In addition, the cloud enables technology deployment faster, making room for experimentation and innovation.
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Cloud allows complete control and visibility over data. Organisations can determine the level of control and choose the degree of access to cloud data with as-a-service options, including infrastructure-as-a-service (IaaS), software-as-a-service (SaaS) and platform-as-a-service (PaaS). In addition, the cloud helps organisations streamline work since users quickly know what documents they can access and collaborate on.
6. Better Collaboration
Cloud environments enable teams to collaborate from widespread locations since everyone operates with the same infrastructure. From developer and operations to QA and security, departments can function together without stepping on each other’s toes. Cloud encourages transparent collaboration and avoids conflicts by offering better monitoring and visibility into roles.
7. Data Security
The increased use of digital services has led to a parallel surge in cybercrimes. Hence, data protection and security concerns remain paramount for businesses irrespective of size and industry. The advanced security features of the cloud ensure safe and secure data handling and management. Moreover, protection measures such as encryption, authentication, and access control enable organisations to tighten control over sensitive cloud information and reduce possible cyberattacks.
8. Data Loss Prevention
Data loss is a serious concern for organisations worldwide. This is where cloud-based services come to the rescue, providing quick data recovery and helping with data loss prevention. Traditional on-site systems store data locally, increasing the chances of data loss due to technical malfunctions and human errors. On the contrary, storing data on the cloud guarantees data availability at any time and on any internet-connected device.
9. Backup and Disaster Recovery
The cloud offers unlimited storage capacity, assisting data backup and restoration. Deploying applications on multiple cloud availability regions ensures that if one location goes down, the traffic can automatically switch over to the working areas without causing any inconvenience to the end-user. Likewise, the cloud deals with bugs in new software releases and minimises damage by enabling quick rollbacks to previous, more stable versions.
10. Strategic Value
Competitive edge and strategic value are significant advantages of cloud computing. Cloud adoption enables flexible and faster functionality in organisations to be more agile than competitors relying on physical resources to manage their IT infrastructure. Moreover, enterprises can stay up-to-date with technology through regular, updated offerings from cloud providers.
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With more and more enterprises recognising the benefits of cloud computing, cloud adoption sees an increase every year. It is not surprising to see why the cloud has garnered immense popularity. The cloud impacts almost every business aspect with cutting-edge enterprise technology, from production and revenue to collaboration and security. Moreover, shifting to cloud services eliminates organisations’ problems with high-maintenance on-premises infrastructure.
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What are the four types of cloud computing?
The four main types of cloud computing are public clouds, private clouds, hybrid clouds and multiclouds. Additionally, the three main types of cloud computing services are software-as-a-service (SaaS), infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS).
Why is it called cloud computing?
Cloud computing means information is found remotely in the cloud or a virtual space. Cloud service providers let users store applications and files on remote servers accessible via the internet.
What are the benefits of cloud computing?
Some of the key benefits of cloud computing include flexibility, efficiency, high speed, scalability, cost reduction, improved collaboration, access to automatic updates, unlimited storage capacity, data security, backup and disaster recovery