While not exactly a new technology, the speed with which cloud computing is transforming business models and efficiency seems to have accelerated over the past few years. As the world of data and information continues to expand, the cloud grows with it.
Cloud computing has many benefits and holds the potential to dramatically change the businesses that adopt it.
Cloud computing enables businesses large and small to move some of their operation to third-party servers, which allows for variable data packages, rapid expansion, and mobility without the fear of downtime, crashes, or permanently lost data. This allows a small business to access resources that would have been cost prohibitive for them in the past. These operations can also compete against corporations with far more funding, causing small and medium-size businesses to go from being constrained to certain geographies because of budget limitations to having the ability to scale globally with significantly reduced overhead costs. All of this can happen without building a physical data centre at a new location. Instead of deploying on-site infrastructure to run their operations, companies can access infrastructure as a service, via managed service providers. Cloud technologies enable larger companies to create a modular organisation. Cloud technology permits better participation in small teams, which allows organisations to be more modular and less hierarchical, lessening the risk of the collapse of any department or its unit.