Both aspects of a list of cloud computing costs and benefits could be summed up with just two words: "Lots, potentially." While hosting your application in the cloud does come with a ta...
What are the cost benefits of cloud computing?
Cloud computing can significantly reduce costs for businesses, especially for start-ups and small companies. By leveraging pre-built infrastructure from cloud vendors, companies can save time and labor costs associated with setting up on-premises servers. In fact, 39% of companies report achieving their cost savings goals through cloud adoption. The pay-as-you-go pricing model allows businesses to pay only for the services they use, making it a more affordable option compared to traditional software licensing.
How does cloud computing enhance security?
Cloud computing can enhance security by distributing data across multiple servers, making it harder for cybercriminals to compromise the entire network. This approach can help mitigate the financial impact of data breaches, which averaged $9.44 million in the US in 2022. Additionally, cloud vendors often provide automatic updates and maintenance, reducing the risk of human error and ensuring that security measures are consistently applied.
What should businesses consider when migrating to the cloud?
When migrating to the cloud, businesses need to assess their current network infrastructure to ensure compatibility with cloud services. It's essential to practice careful capacity planning to avoid unexpected costs associated with storage. Utilizing automated usage trackers and optimizing cloud costs can help organizations balance their data storage needs effectively, preventing overspending on unnecessary services.
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