Cloud Computing has been ranked number one in Gartner Research’s list of Top Ten Technologies two years in a row (2010 and 2011). The list outlines the ten technologies that Gartner believes gives businesses the most value for their investment — technologies that businesses can’t afford to ignore.
Cloud computing is a hot technology for a good reason — economics. During challenging economic times more businesses are turning to cost-effective IT solutions to expand the functionality and capabilities of their existing network infrastructure. Keeping up with growth means ramping up technology — and hardware and software upgrades don’t come cheap. This is where cloud computing makes a big impact on the bottom line.
Many businesses are opting to move their mission-critical processes to the cloud primarily to benefit from the cloud’s economy of scale and flexibility. According to IDC, cloud computing is expected to grow at a rate of 5-times the rate of traditional IT and small and medium-sized businesses are expected to lead the cloud computing movement.
What is cloud computing?
Essentially, cloud computing refers to hosting a service or software application in a web-based repository — “the Cloud”. The Cloud can support a large portion of day-to-day business applications including CRMs, data management software, accounting systems, and much more.
With cloud computing, instead of having all your data stored on a dedicated server hosted by your business, applications are hosted by a third-party and accessed over the Internet. Unlike traditional infrastructures, where the business is fully responsible for its IT needs, cloud computing transfers responsibility to the third-party provider. Businesses are no longer tasked with managing updates, installs, and dealing with other technical issues, allowing them to focus on core business functions.
Over the next month, the ACE IT Solutions blog will focus on cloud computing, its benefits, security issues, the differences between private and public clouds, and other issues that businesses need to consider when moving to the cloud.