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Jumping on the Cloud Computing Bandwagon

The cloud industry has a lot to offer both large and small businesses. From software systems to cloud hosting, the market provides a tempting array of services for executives looking to optimize corporate operations. Of course, with the advent of a new technology, skeptics are bound to express caution before adopting an entirely different solution. 

However, increased investment in cloud computing has prompted new innovations and developments within the industry. According to a study released by IHS, an economic information provider, global spending for infrastructure and related cloud services will reach $174.2 billion this year, a 20 percent increase from 2013. The organization estimated that the cloud economy will reach $235.1 billion by 2017.

The study claimed that the scalable, dynamic framework of  cloud servers is ultimately what is driving up demand. Jagdish Rebello, senior director and principle analyst for the cloud at IHS, also noted that the low maintenance associated with the technology is what's very appealing to small and midsize businesses possessing a limited IT budget. 

"The vast amounts of media now being consumed on mobile devices like smartphones, tablets, and computers require larger storage solutions, which now the cloud can provide," the report stated. 

Taking everything into account
Despite the incredible value associated with cloud storage and its affiliated technologies, there are still three key questions that need to be asked before business executives make the transition to the environment. Computer Dealer News reported that a number of IT professionals have explored the following considerations:

  • What applications will be used? Some solutions may be practical for a business to make, and others may seem extraneous. For example, if a company executive wants to enable its employees to work from home, then a public cloud may be able to accommodate this desire. 
  • Executives and sole proprietors are taking into account security assessments. A small business keeping archived material on a cloud server will most likely have different surveillance needs than a financial institute that conducts millions of monetary transactions in a single day. 
  • How adaptable is the company's IT department? Seasoned IT veterans are used to acclimating themselves to a variety of new technologies approximately every 5 years, but the cloud is dramatically reducing the number of in-house data centers. For this reason, many CIOs properly acknowledge the team's capabilities and limitations to assess how the company should transition. 

As the next big thing, cloud computing may seem like an intimidating technology, but many professionals in the industry have embraced it to respond to consumer needs. 

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