Derek LaFever Explains Why Businesses are Switching to Cloud Computing
The rate at which companies are adopting cloud computing initiatives is staggering and outpacing even the most optimistic predictions of where the industry would be at in 2019. Approximately 90% of companies are now on the cloud and they are increasingly migrating their entire workloads to these convenient virtual spaces according to cloud computing and migration expert, Derek LaFever.
It is estimated that by the end of 2019, 60% of workloads will be running on the cloud, an increase of 1500 basis points in just a single year. That figure is now estimated to reach 94% by 2021. Needless to say, there is a seismic shift going on in the business world as companies of all sizes rush to take advantage of the many benefits of cloud computing.
Having managed the IT landscape and technical operations of companies big and small over his 25 years of experience in the industry, Derek LaFever lays out a handful of the most prominent reasons for why companies have their heads in the cloud in record numbers.
Cloud Computing Saves Businesses A Lot of Money
By storing their data and/or conducting much of their operations remotely via the cloud, companies greatly reduce their reliance on expensive hardware and facilities, as well as the need to employ a large staff of able IT technicians to oversee and maintain them. Along with reduced costs comes additional savings from limiting costly downtime, as cloud computing is generally far more stable than in-house systems.
Cloud Computing is More Secure
Cloud computing is not only more stable, it is also far more secure. The data centers of top cloud service providers (CSPs) like Amazon, Microsoft, and Google are a veritable Fort Knox compared to how IT equipment is guarded by most companies (think a locked door; not exactly the kind of defenses that will frighten potential data thieves).
CSPs have multi-layered levels of defense that include armed guards, barbed wire fencing, and security cameras, while their cloud infrastructure is under constant surveillance by skilled IT professionals to ensure there are no breaches.
The Cloud Allows for a Mobile, More Productive Workforce
By being able to access important files and data from anywhere using just about any device, employees are able to stay connected and productive no matter where they are. This allows companies to be more flexible as far as when and more importantly where their employees do their work. Such added flexibility not only boosts employee retention, it also makes them far more productive, as remote workers are more effective, take less downtime, and get sick less often.
Businesses Are Able to More Efficiently Scale Their Operations
Another big benefit of the cloud is that its scope can be scaled up or down instantly to meet the current and future needs of companies. Derek LaFever notes that easy scalability is a particularly big benefit for companies whose operations are highly cyclical and thus have wildly different bandwidth demands throughout the year, such as companies that are extremely busy during the holiday season but relatively quiet throughout the rest of the year.
These are just a few of the reasons why businesses are migrating to the cloud in droves and allocating more of their overall IT spending on cloud computing, with the market expected to surpass $600 billion in value by 2023 as a result.