For many companies, cloud computing has become an integral component of digital transformation efforts. With the proliferation of cloud service options like Software as a Service, Infrastructure as a Service, and Platform as a Service, the cloud has never been more popular. In fact, according to a recent report, most IT leaders are planning to migrate their entire environment to the cloud by 2025.
However, despite widespread adoption of cloud computing, some enterprises have been slow to move their data to the cloud. As data breaches continue to plague top companies, data security has been a barrier to cloud migration for some.
To increase confidence, cloud providers have invested in SaaS protection to ensure the data clients entrust to the cloud is kept safe. This has led to a shift in attitudes around cloud migration for data as more and more research demonstrates the security benefits of cloud computing.
As a result, reports indicate an increasing number of companies are starting to eye cloud migration for their data. According to one report, enterprises are poised to accelerate migration from data centers to the cloud. The report also indicates that companies are becoming increasingly confident about putting their sensitive data in the cloud.
Let’s take a look at the benefits of cloud computing, migrating your data to the cloud, and what you need to know to ensure that data is protected.
In today’s data-driven economy, there is an increased need for businesses to be able to quickly adapt their business models. This requires the increased responsiveness, scalability and flexibility that cloud computing provides.
Cloud computing solutions offer users the ability to easily scale their businesses. One of the main draws of migrating your data to the cloud is that you can adjust your use according to demand. As your company’s data storage needs grow, you can expand your cloud data storage without the need for a major infrastructure investment. Conversely, companies who use on-premises infrastructure often need to invest heavily in physical servers, networking equipment and software licenses to scale up in the event of growth.
In one survey, 85% of small and medium sized businesses said cloud technology enables them to scale and grow faster. That’s because, according to the survey, 83 percent of the companies surveyed said cloud technologies enable them to access tools and technologies they would not be able to afford otherwise.
One of the main benefits of moving to the cloud is the potential for reduced IT costs. That’s partly because migrating to the cloud can eliminate the need for obsolete and costly legacy infrastructure, the cost of which can force companies to accumulate technical debt.
The high cost of maintaining data centers and other data related expenses like IT operations can be reduced when companies migrate to the cloud. Additionally, cloud computing can lead to cost savings because it provides on-demand capacity without forcing companies to spend money upfront to build capacity for future needs.
There are also cost savings associated with cloud services like SaaS’ pay-per-use model. With cloud platforms, companies can reduce the amount of money they spend maintaining physical data infrastructure. In a recent survey, 45% of respondents reported lower infrastructure and storage costs and 27% reported using the cloud eliminated compliance and legal fees.
While initial concerns about cloud security kept some companies from moving their data to the cloud, recent investments in SaaS protection have increased confidence. In fact, one survey found that IT leaders and executives are now citing security and data protection as their top driver for cloud migration.
Storing your company’s data in the cloud is a great way to protect it from accidental and malicious deletions. Ransomware attacks are on the rise and data loss can cost companies dearly, resulting in downtime, lost productivity, and regulatory fines.
Having a SaaS backup of your data in the cloud is the best way to protect it. Migrating your company’s data to the cloud can ensure your company has a failsafe when data recovery is necessary. A cloud-to-cloud SaaS protection solution like Backupify adds an extra layer of security in the event of data loss due to hardware failure, software failure, power outages, and natural disasters. These kinds of cloud solutions are equipped to guard against human error, external hackers, and viruses or malware.
Want more information on protecting your data in the cloud? Contact us.