Cloud computing is the delivery of computing services over the internet. It provides access through the web to different resources such as development tools, applications data storage, and networking solutions. The difference uses of cloud computing also ensure that everyday business life is covered.
In 2021, “cloud” data centres processed 94% of all workloads suggesting that traditional data centres are becoming less attractive to businesses and cloud computing benefits outweigh those of traditional computing methods.
Cloud computing provides the speed, flexibility and tools to help businesses innovate and grow. The cloud allows businesses to meet the challenges of a complex and fast-paced landscape securely. Currently, around 67% of enterprise infrastructure is cloud-based, and as a population, we spent approximately £331.3 billion on cloud computing worldwide in 2021.
We have more than 15 years of experience working in the financial sector and cyber security has always been and remains our top priority. As technology continuously evolves, we use the latest technology to keep your business safe. In order to do this, we offer a number of services and tools to defend against a breach of important and sensitive information.
What is Cloud Computing?
Cloud computing refers to the delivery of computing services via the internet, the most common data storage. For businesses, the advantages of cloud computing include being more scalable than in-house infrastructure; it makes collaboration and team working easier by allowing all to access the cloud from multiple devices and providing a secure environment for documents and files.
There are different types of cloud computing depending on what the desired outcome of using it is; these include private cloud services (such as a company dedicated cloud) and public cloud services (such as Microsoft Azure). Commonly used cloud services that may be familiar are Amazon Web Services, Google Cloud, IBM Cloud, and Microsoft Azure.
Additionally, there are different types of cloud computing services, such as SaaS, PaaS, and IaaS. Which type of service you use will depend on how much control you want/need over your cloud computing. IaaS provides the most control and usually requires an IT administrator to operate. PaaS services represent a hosted cloud environment that is externally managed. SaaS services provide the least control but are the most popular type of cloud computing. You may be familiar with cloud computing services such as Office 365, Dropbox or Salesforce.
Due to the variety of cloud computing types and services, the uses of cloud computing (such as data storage and/or hosting) are vast and provide a variety of benefits to businesses. We will explore these later in this blog.
So, we’ve established that it’s big business, but what are the uses and advantages of cloud computing?
What are the Uses of Cloud Computing?
Cloud computing has many practical uses, more than most cloud users realise. One of the most common uses of cloud computing is to store, back up, and recover data as it provides assurance that your data will be highly secure. You can also use cloud-native applications which are optimised for peak productivity, resilience and rapid change as it allows for the change of individual areas of live applications without a full update.
Cloud computing is now rapidly becoming the ideal medium for testing, developing and delivering applications on demand. It provides many tools for continuous integration which make testing quicker, and cheaper. For more information on the uses of cloud computing, take a look at our Cloud Computing Guide.
What are the Advantages of Cloud Computing?
Flexibility
Flexibility is one of the key cloud computing benefits when services need to be scaled according to their needs, applications and access.
- Scalability: Businesses require the ability to scale whenever there is a change in workload. With the cloud, this can be done instantly.
- Security Features: Different storage options mean that you can choose and manage public, private and hybrid according to their security needs.
Cloud computing provides different security features such as encryption, API keys and virtual private network (VPN) to ensure that the data is secure.
Efficiency
The efficiency of cloud computing allows you and your team to achieve maximum productivity without underlying costs and maintenance.
- Accessibility: If you have internet access, you can access cloud-based applications and services from anywhere. This allows for easier collaboration, especially if the team is worldwide.
- Disaster recovery: Most SaaS applications will have their own Disaster Recovery built-in. However, it’s important you understand this prior to fully engaging with a product to ensure it fits with your overall Disaster Recovery plan or expectations.
- Savings: Cloud computing can be more cost-effective than building your own infrastructure. However, you do need to understand the true cost of any solution before signing up. Many cloud-based services are usage-based, so understanding your usage requirements is critical.
Strategic Value
Cloud computing allows for a competitive advantage by providing the most innovative technology. This is one of the key cloud computing benefits as it can improve the standing of your business.
- Productivity: Cloud Service Providers (CSPs) manage the underlying infrastructure and take tasks away from IT teams so that they can achieve other goals.
- Competitive edge: Organisations can move more efficiently than competitors who have to focus on infrastructure. With the power of new technology, you can take advantage of faster innovation without a team of data scientists.
Tribeca Provides Quality IT Support for Financial Services.
Businesses are transitioning to cloud computing to run their infrastructure and workloads, and it’s easy to see why. There are many advantages of cloud computing, and it can be helpful in improving efficiency, securing your data, saving costs, and much more. With the right cloud provider, you can innovate faster, increase productivity and deliver new services.
What does cloud computing mean for your business? With all its uses and benefits, cloud computing can be incorporated into your business with our help. Tribeca can give you a thorough understanding of cloud computing and the services available to help you improve the management of your data. We will make sure that you understand the best cloud computing service for your business.
You can also check our comprehensive guide to Cloud Computing to give you a basis for our plans.
Tribeca also offers IT support services tailored to businesses in the Alternative Investment sector. From Hedge Fund IT Support to Private Equity IT Support. We operate as your business partner and want to be seen as an extension of your business, providing consistent quality and proactive assistance to help you grow and protect your business.
To learn more about cloud computing, take a look at our What is Cloud Computing page. Or for more information on how we can help you with Cloud Computing, check out our Cloud Computing Services.
