Why SMBs Are Moving Data Storage to the Cloud
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The Growing Use Of Cloud Data Storage By Small And Medium Businesses
Businesses are moving to the cloud in order to keep up with the growing amount of data being created and replicated; in 2021, 70% of data was stored in the cloud and 30% in conventional, on-premises environments. From 2021 through 2026, spending on storage and compute infrastructure is anticipated to increase at a compound annual growth rate of over 14%, surpassing USD $145 billion.
The cloud provides immediate, reasonably priced storage capacity that you can scale up or down as necessary - without the need for new infrastructure or equipment investments. Additionally, the cloud automatically incorporates data and system redundancy, ensuring that data is still available to applications and authorized users.
We will highlight some benefits of storing data in the cloud for small and medium-sized businesses (SMBs). Businesses that have adopted cloud-based storage have seen various benefits, especially in four areas: cost, capacity, security, and continuity. Lets look at some of these benefits -
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Advantages Of Moving Data Storage To The Cloud
Cost-Efficiency
The company outsources the storage issue by utilizing only the cloud storage service. The business lowers the costs of internal resources by utilizing online data storage. With this technology, the business does not require any internal resources or assistance to manage and store their data; the cloud storage provider takes care of everything. A win-win offer for small businesses and individual users, certain cloud storage services offer lifetime cloud storage at an affordable price.
Digitalization
Businesses have always faced a lot of difficulties when trying to go digital, despite the fact that it is the need of the hour. But when there is cloud cover, sailing may be simple. Any business' ability to operate depends greatly on the information that is made available to it. Information should be available on a global scale, especially for businesses that operate internationally. Through appropriate user authentication, data or information can be accessed using cloud technology, enabling a smooth process flow.