How Much Budget should you invest for Cloud Technology?

Cloud-computing-money

Cloud computing is the newest buzz with business practitioners nowadays. Majority of businesses big and small are maintaining their online storage via Google Drive, Dropbox, SharePoint and the likes. In this article, we will take a brief look into the pros and cons of cloud computing and decide whether or not it is truly worth investing on.

PROS and Cons of Cloud Collaboration

First, let’s weigh-in on the pros and cons of cloud computing.

PROS:

1. Cost effective Collaboration

Cloud computing requires a lower start up cost than the traditional server and software methods. Every single tool that a business would need to operate is potentially online already.

Most of everything related to document creations is processed digitally. With cloud, documents may be stored online ridding us of the need for physical printing and manual filing of documents. It cuts material expenses that are paperwork-related.

2. Less IT Reliance

Cloud computing is simple and easy to utilize. You may need a few people to act as administrators to make sure that everything is going smoothly, but aside from that you won’t need more in the form of an IT team; this cuts costs and improves efficiency.

3. Reachability

The cloud is like the Mainframe from back in the day. It is a central hub where all information is stored and processed. What makes this so great is the fact that every bit of information is accessible to every employee in the company at any given time of the day, in any location in the world and with practically any device with an internet connection

Cons:

1. Privacy

Cloud companies are bombarded with tons of data, many of which are extremely confidential. How can a business be sure that storing critically important data on the cloud is going to be safe from the prying eyes of competitors?

2. Security

If a company chooses to opt out of cloud service, will the information previously stored be given backw not without leaving copies behind? Can it be assured?

3. Reliability

Outages are not uncommon occurrences for data banks. Even the most established network providers experience such incidents. The question that begs question though is how reliable are the backup measures of cloud companies if ever an outage occurs? How safe are the data they are holding on to?

cloud budget

How much budget should you allot for your company’s cloud computing needs?

How much you should spend on the cloud as an investment observes the same basic principle of any other investment; it depends on what you need. Cloud companies are very flexible when determining what tools are needed to your business get up and running smoothly on the cloud. Computing tools will vary depending on your needs and thus so too shall be the cost. One good thing about cloud computing is that you don’t have to pay for anything that you will not be using. Pin point exactly the needs are that your company needs and your investment on the cloud will definitely be worth every penny. However, if you understate your needs by holding out on purchasing necessary computing tools that are crucial to your business just to save money, you might be bitten right in the back! you, so be careful. Remember the number one rule in buying anything: that you will always get what you pay for.

Things to consider:

1. Platform

Before investing in cloud you must first asses the computing and storage needs of your business. Once you are sure about the cloud services that you will be needing you may set up and choose which platform you would like to use.

2. Internet Speed

Being on the cloud will require a business to have an ultra-reliable and fast internet connection. If a company is unable to maintain a good connection chances are cloud computing will not be of much benefit, this much should at least be obvious.

3. Long-term

Cloud services are long term commitments, monthly or yearly subscriptions, and though may be cheaper than other methods of data storage still requires regular maintenance meaning there will be charges on a regular basis. If you are not ready for monthly obligations then you might want to re-think investing in cloud.

Cloud computing definitely has its advantages all worth investing your hard earned money on. Proven to be efficient yet effective, cost effective and easy to utilize, investing on cloud might just set a small company soaring! It is definitely gives a big bang for the buck!

Vanessa Parks is a Freelance Systems Analyst with 5 Years of solid experience. She has been an advocate of cloud computing and collaboration for improved work efficiency and performance. She also has a passion in dancing, cooking and playing golf.

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