Pros and Cons of Cloud Storage
Now, as the trend continues, companies are no longer hesitant to invest more in buying or renting virtual storage space. Whether an enterprise or an organization, if you are considering adopting cloud services, it’s also worth considering the Pros and Cons of Cloud Storage.
Whenever there is a new change, the IT Sector is the first one to undergo one. The pandemic came as a wake-up call that every 6 out of 10 companies moved to Cloud storage services.
What Cloud Storage Means?
Cloud storage is a type of data storage that uses the internet to store, manage, and access your files. These files can be media, documents, programming codes, and scripts, software, etc. It's an excellent way to keep your files safe from hardware failure since it does not use physical disks or tapes.
There are numerous advantages of cloud storage over traditional hard drives. For businesses, the cloud presents a way to store data securely online. Cloud computing offers significant benefits over regular storage and makes data available to everyone who needs it while keeping your information secure.
You don't have to worry about setting up dedicated servers or computer systems in a cloud-based architecture. All you have to have is a cloud storage service and internet connectivity.
Today, about two-thirds of businesses have at least one app or a portion of their infrastructure in the cloud. What are the benefits of cloud storage for enterprises? The answer is as simple as it should be, to save money and boost productivity.
Some Pros of Cloud Storage Everyone should know
According to the latest reports, 94% of enterprises across the world have adopted cloud storage services, and there is a reason for it. The pros of cloud storage are more numerous and significant than you might believe. So, let's dive into what cloud storage can do for you and understand why you should migrate your business to the cloud.
1. Savings on operational expenses
Cloud storage services are either free or easily affordable for a small or medium-sized company. If you own a medium or small enterprise, this could eliminate your yearly operational expenses from maintenance and utilization.
There are even more savings because it does not require electricity as the servers remotely located are managed by the vendors.
The cloud vendor assumes many equipment and software management tasks, from servers and networking gear to cloud storage. That also includes applying software updates and security patches.
2. Disaster-proof Systems
All businesses should invest in a backup continuity plan, and cloud storage can be the best answer to such issues. With all your official data stored on the cloud, your important files are safe from any workplace hazards such as fire outbreaks, quakes, or floods.
Another major issue for businesses in the US is data breaches, which have resulted in a loss of $7.91 million on average each year. Cloud-based storage provides significantly more security than having an on-site data center.
Organizations that keep their information on site experience 51% more security issues than those using cloud storage.
3. Cloud Storage is Convenient to use
Regardless of the device, you can access your files anywhere as long as there is an internet connection. This means you don't have to waste time scouring misplaced files shuffling through computers' drives.
What you are looking for resides on the cloud, which is easily accessible once you connect to it via phone, tablet, or personal computer. This fact compels many to consider pros of cloud storage over conventional storage systems.
4. Scalability is one of the commendable pros of Cloud Storage
All you have to do is increase how much you spend to accommodate the data storage needs that arise from your company's growth. If your firm expands, the vendor can assist you in leveling your increased data storage demands.
All you have to do is select how much storage you need and choose a suitable plan. This also works if your company downsizes in terms of storage use.
5. Speed and Productivity
You can access files from the cloud from anywhere with a stable internet connection. This allows you to get past the time zone and geographic location issues.
It's the vendor's responsibility to invest in the latest in-use network equipment to provide the quickest access to data and apps for consumers once they log in.
Storage providers may easily boost service capacity to meet customer workload demands by expanding resource capacity for individual services.
Cons of Cloud Storage for Business and Personal Use
While cloud computing has been beneficial to IT organizations, it isn't a cure for all IT operational issues. It would help if you also prepared yourself to weigh some of the following cons of cloud storage against the pros.
1. Cloud Storage Service is an expensive affair
Cloud storage is potentially a cost-effective solution to your growing data, but it's vital to know when to switch to the cloud. It's critical to develop a strategy, examine all systems throughout your business, and scale your budget accordingly.
For particular cloud storage needs, there are multiple subscription tiers and pricing schemes. These variables make pricing and total cost of ownership analysis tedious and time-consuming. Doing so typically requires software assistance from built-in or third-party tools.
2. Data Management Issues
Managing data in the cloud can be a hassle because cloud storage systems have their structures. Your business's existing storage management system may not always integrate well with the cloud vendor's system.
Unprofessional or inexperienced vendors can add further to the cons of Cloud Storage when you are looking for one quick solution without prior research.
To ensure expert professionals handle your data, you need to search the vendor's background regarding the service they offer and the support they provide to businesses.
It's often seen that offsite service providers are difficult to reach and may take time to give a response. As a result, many companies hire a third-party cloud management and support partner.
3. Customers have a limited control
Because the cloud infrastructure is owned and managed by the vendor, businesses may not have an idea about whether they have enough control over the service or not.
This is where the provider’s end-user license agreement (EULA) can help you out. It describes what limits the provider can place on your use of the deployment.
All legitimate cloud storage providers allow your organization to exert control over your applications and data, even if it doesn’t allow you to upgrade or downsize the infrastructure in any way.
4. Internet Reliance is one of the minor con of Cloud Storage Technology
From accessing to storing files, every process takes place on the Cloud, one of the minor but considerable cons of cloud storage. Since there is no inclusion of saving files locally on hard drives or tapes, in case if the internet is out, your business process hangs in the middle.
You won't have access to data stored in the Cloud if your Internet connection goes down for some time. Let's not forget that you are not the only one accessing the cloud storage; there may be a hundred others writing their data on the cloud simultaneously.
If you deal with voluminous data, it may take longer to process due to grown congestion. These problems usually affect small businesses as they opt for budget internet and storage services. The bandwidth and storage space allotted by the vendors are also crucial determiners.
5. Security & Privacy Issues are debatable drawbacks of Cloud Storage
Your company's data is the root of all your business; there are problems when important and sensitive data is kept remotely. You give critical business information to a third-party vendor before adopting cloud storage technology.
This might put your firm at risk, which is why it's crucial to select a dependable and trustworthy service provider to keep your information safe.
Make sure your service provider knows the latest threats and possible preventive technology to avoid data breaches. The internet is not entirely safe, and because of this, your sensitive data may be exposed without your notice.
Final Comments on the Cloud Storage Pros and Cons
The pros and cons of cloud storage services indicate that the former outweigh the latter. The risks you may face down the road are manageable. Almost every organization recognizes that cost-savings, convenience, and disaster recovery are more important than the cons of Cloud Storage.
This is why around 95% of global businesses have adopted Cloud Computing services already. However, for medium and small-sized companies, it's worth considering the infrastructure and the available budget.