10 Benefits Of Data Storage In A Cloud

According to Statista, from 2015, the amount of organizational data stored in the cloud has risen from 30% to over 60%. This remarkable growth indicates how businesses are progressively adopting cloud storage for seamless operations, increased productivity, and exceptional growth. 

Moreover, according to another study, the global cloud computing economy will reach $947.3 billion by 2026, with a 16.3% CAGR since 2021. This increasing number of organizations that adopt the managed cloud services reflects the advantages provided by cloud storage, like easy access and cost-effective scalability.

Organizations and individuals can reap many benefits from cloud backup. These cloud computing services are transforming the world by providing adequate information protection while enabling lower infrastructure cost management. Here are some benefits of cloud storage for business and why it is viewed as a keystone in data management these days.

Here are 10 biggest benefits of online data storage in the cloud:

1. Usability And Accessibility

Users can easily drag and drop the files in the cloud storage. One of the key advantages of cloud storage is that no technical knowledge is required to store all the files and data in the cloud. The stored files can be easily accessed from anywhere in the world with just a few clicks and an internet connection.

2. Disaster Recovery

It is recommended for every business to have a backup plan in case of any emergency. After all, losing important business data can cause huge losses to any business. Cloud storage is the perfect backup plan for businesses. Companies can capitalize on the advantages of cloud backup, like storing the files at a remote location and retrieving and accessing them at any time.

3. Security

Business owners can be sure that once the data is stored in the cloud, it is safe. One of the best advantages of using cloud storage is that server data is distributed across redundant servers and the data stored in the cloud is safeguarded against any type of hardware failure. Cloud servers also provide automated backups and snapshots in order to make sure that your data is safe.

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4. Cost Savings

Businesses and organizations can reduce annual operating costs by utilizing the advantages of cloud storage. Affordability can be ensured if data is stored online in the cloud. Users can ensure additional cost savings because internal power and resources are not required separately for storing the data.

5. Easy Sharing

Data stored in cloud storage can be easily shared with clients and colleagues in an easy and secure way. You can easily share access to a particular cloud environment or to the complete account with some other user, which is another crucial benefit of using cloud storage for businesses.

6. Automation

One of the biggest issues that most of the business owners face is creating data backups and scheduling the backup in a way so that the daily operations don’t get hampered. By leveraging the advantages of cloud storage technology, the tedious task of data backups is simplified through automation. You simply have to select what you want to backup and when you want to backup and your cloud environment will take care of the rest.

7. Collaboration

Online cloud storage is also an ideal platform for collaboration purposes. One of the important benefits of using cloud environments is that they enable multiple people to access, edit, and collaborate on a single file or document. People can access the cloud environment from anywhere in the world and collaborate in real-time.

8. Scalable Service

Cloud hosting enables vertical as well as horizontal scaling and the best thing about cloud hosting is that you only pay for the resources that you actually use. You can scale your cloud hosting environment whenever required and you can also define the attributes of scaling the cloud. This ensures more flexibility and a large storage space with cheap cloud hosting.

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9. Synchronization

While using a local file storage you can only access your data from a certain location. With the advantages of cloud storage for businesses, the daily devices can be your access points, like your PC and your smartphone. Accessing files and synchronizing them can be done easily with any device through an internet connection. Therefore, the stress of transferring the documents from one devise to another is reduced as it can get complicated at times. Moreover, the files stored in the cloud storage remain the same across all the devices and they can be automatically updated after making any changes. You can always view the latest version of the updated file through a cloud storage.

10. Convenience

The amount of convenience and peace of mind offered by utilizing the advantages of cloud storage systems is amazing! Even if you store data on transportable devices like external hard drives or flash drives, some kind of manual intervention and physical handling is required. The data that is stored in a cloud is backed up online and it can be accessed from anywhere. Information is automatically saved as it streams in. There is no need for you to save, label or track information. The convenience of online cloud storage enables you to completely concentrate on your work without getting stressed about data loss.

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11. Regulatory Compliance

As technological development can encourage growth, convenience, and accessibility, however, it simultaneously gives rise to different concerns related to accidental or deliberate misuse or abuse. 

As the regulatory frameworks are evolving continuously, they now govern data storage and privacy using diverse rules. The larger and more global the organization, the stricter compliance is required. 

For instance, organizations that process credit card information must ensure compliance with Payment Card Industry (PCI) standards. Businesses should follow complex PCI compliance that runs to hundreds of pages and also undergo thorough compliance inspections at their own cost.

Also, storing personal data adds to the complexity as requirements may vary from state to country to region. Some rules may include the restriction of certain data from being stored in certain territories. Thus, a global company wishing to store data locally will be under pressure to obtain data centers worldwide.

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Cloud storage providers have to abide by these rules and facilitate means for customers to comply effectively with these aspects. They also have to uphold the highest standards in compliance with regular auditing to remain competitive in business.

12. Archives and backup data

Archival data and backup data are among the most important assets of any organization. Various strategies exist to store archives and backups, from onsite storage within normal mediums in data centers to the replication and storage of removable media in a remote location. Each strategy has its advantages and disadvantages, but since a backup or an archive will often be required to be available, speed of access is always a factor of critical importance.

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Apart from data redundancy, cloud storage providers also satisfy the disaster recovery requirements by distributing copies of data across several remote data centers. In addition to risk mitigation, using a cloud storage provider for the storage of archives and backups can help to minimize expenditure while at the same time maximizing accessibility for failover restoration whenever required.