Cloud technology is the process of delivering on-demand IT services, including analytics, databases, networking, servers, and storage via the internet. These virtual services offer faster innovation, ease of scalability, and better resource flexibility.
Majority of cloud models need you to pay only for the resources you use, making it a cost-effective method of incorporating IT into your business without investing in an in-house data center.
Cloud technologies include virtual services such as software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS), to name a few.
The Advantages of Cloud Technology
There are several advantages to using the cloud, such as:
1. Cost-efficiency. Customers don’t have to buy equipment or pay the salaries of an entire IT department to maintain and upgrade infrastructure and related software
2. Speed. Cloud providers provide their consumers with swift, on-demand self-service.
3. Elastic scaling. Elastic scaling gives the customer access to the right amount of resources only when they’re needed through automation.
4. Increased productivity: With the cloud provider dealing with time-consuming, mundane chores like software patches and hardware setup, the customers can have a streamlined, efficient IT department free to handle the more strategic business needs.
5. Security: Cloud providers know that if they want to stay in business, they better provide excellent security. Fortunately, they do.
6. Business continuity. Cloud computing can back up and mirror useful data on many redundant network sites.
The Disadvantages of Cloud Technology
If cloud technology had been perfect, everyone would be doing it. And although cloud technology is a prevalent and continuously growing platform, it brings along its share of drawbacks that prevent it from being universally embraced.
1. What was that about the cost? Just like renting a living space isn’t necessarily cheaper than buying a house outright, cloud computing platforms aren’t always a great bargain..
2. Migration can also be expensive. In some situations, migrating from an in-house system to the cloud may incur excessive expenses and pose a significant difficulty.
3. There are still trust issues. Some businesses balk at the idea of their confidential information stored on the same servers as their competitors’ data, potentially crippling a competitive advantage.
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