In 2020, a study showed that approximately 70 percent of business concerns were using cloud-based technology in the course of daily business practice. With the progressive reliance on information technology and data storage, cloud-based technology is making increasing sense for commercial organizations, regardless of their size and complexity.
Understanding cloud technology
For business management staff, a good cursory understanding of cloud technology and its potential benefits is becoming increasingly important. Despite the relative simplicity of the cloud concept, many business owners report that its function still remains somewhat clouded (no pun intended) in mystery.
In simple terms, the cloud is actually an array of data servers located at various points across the globe. These servers simply store data remotely, which can then be uploaded and retrieved securely by the business via their computer system. Anybody who has stored data through their account on a platform like Gmail or Outlook has already used the cloud!
When it comes to support for the actual migration of business applications and data to the cloud, professional operators like gbsflorida.com advise and customize a cutover depending on specific business needs.
Why should I migrate the business to the cloud?
One of the key benefits of such a move lies in the fact that the cloud replaces the array of office-based hardware – servers and related infrastructure – which becomes redundant. Following data migration, this hardware and equipment can then be decommissioned and disposed of by way of either sale or scrapping. A range of benefits can be enjoyed, including:
- Removal of responsibility for maintenance and upkeep of infrastructure. This responsibility is transferred to a third party – the cloud services provider.
- Freeing up of physical office space, made available by the removal of server equipment.
- Elimination of the problem of equipment aging and obsolescence.
A switch to a decentralized cloud server essentially does away with the traditional problems associated with server hardware, including problems with ‘crashes’ and subsequent downtime. A further consideration is similarly eliminated – the problem of inadequate data storage capacity as business needs grow. The cloud server can accommodate increases in storage needs and reductions in need in the event of a downsizing of the company operation.
A further benefit for the finance controller is that capital isn’t tied up in office-based equipment, as you wont need massive servers to store data.
Reliability and system security
One of the fundamental concerns with the storage of company data and intellectual property on a remote facility is the question of data integrity and security.
Cloud architecture has developed to a level that affords superior protection for data corruption, hacking or theft, and provides a reliable platform to permit business users to access, upload and retrieve data securely and seamlessly.
Remote access to company data and applications is possible with cloud-based technology, which may be a considerable benefit for business concerns where remote working or after-hours access is important.
Cloud technology is rapidly taking over processes that were traditionally operated from office-based servers and network infrastructure. Offering a superior degree of flexibility and reliability, coupled with a high level of security, a migration to the cloud is well worth closer investigation by the business manager.