Benefits of Cloud Technology In the IT world, cloud computing is fast evolving from a future solution into a viable alternative for many small to medium-sized businesses. For a growing business, one of the most difficult things to do is to keep capital expenditures under control. Cloud computing is a way to access enterprise-grade IT that would otherwise be too costly to purchase and maintain.The following is a brief list of some of the benefits of cloud computing:1. Cost SavingsIn the present economy, businesses need low cost and high production. Cloud solutions is a step in that direction. It reduces expenses without losing productivity. With the cloud, there are no upfront investments for hardware or software. Because the cloud platform is utility based, you only pay for what you use. Cloud services can save you time and money as well as give you a competitive advantage.2. Access to your Data – Anytime, Anywhere and with Any DeviceThe users can access their data and applications from any device, anytime and anywhere in cloud computing technology. Because data is accessed over the internet on your cloud provider’s servers, management and employees have 24/7 access wherever and whenever they need it. The cloud allows a user to access their vital business information while a person at a hotel, business meeting, on vacation or working in remote area as long as they have an internet connection.3. ScalabilityScalability is the major reason for which companies move their business smoothly. There are some seasonal business processes that go through periods of extreme activity, but then this activity slows considerably when the busy season is over. Cloud-based services can expand as a business needs the resources.4. SecurityThe cloud technology is secure from hackers, accidents and bugs. It can easily afford all types of defensive measures like filtering, patch management and cryptography techniques. Cloud technology protects your data and maintains you as a long term customer.5. Levelling the playing fieldCloud computing have a significant role for levelling the playing field between large and small companies with a “pay-for-what-you-use” model. Small to medium sized companies no longer need to shell out big bucks in order to buy IT infrastructure that is comparable to large companies. Now they can just rent what they need in the cloud.6. Management controlThe cloud based technology helps to enable managers for better monitoring in their company and with their employees. The managers can access information what their employees are working and he can evaluate the work much quicker with more efficiently. Cloud based applications make it much easier to extract the right information at the right time.7. Greater Functionality, Efficiency and InnovationWith cloud computing technology you don’t need to wait for years for the next upgrade. You can start running new applications within days or even hours.8. Disaster Recovery and BackupWith the help of cloud technology you can store your company’s data safely on secure data centers instead of your server room. While losing power due to hurricanes, earthquakes or a construction worker cutting the power lines, you are back at work as long as you have an internet connection.9. SimplicityRemoving the need to buy and configure new hardware and software allows your employees, and your IT department, to concentrate on the tasks that will directly increase your profits and grow your company.10. FlexibilityCloud computing helps your business to choose only what your company needs, when you need it. You can select a CRM tool, select the intranet as your platform, purchase an email marketing tool, a financial services tool or a host of other options for you company.11. The FutureIn the present scenario most of the companies fight for market share within their industry, and as they search for opportunities that give them a competitive advantage, cloud computing is quickly becoming the technology choice for small to medium sized businesses.12. Enhanced Capability Cloud computing can help you better manage reduce your environmental impact and creating more time for ICT staff to focus on critical projects.We also know that highly-secured data storage and access control are crucial for governments. This is why we are designing cloud computing services to meet and exceed internationally-recognized standards.13. Device and location independenceDevice and location independence enable users to access systems using a web browser regardless of their location or what device they use. As infrastructure is off-site and accessed via the Internet, users can connect from anywhere.14. Business continuityProtecting your data and systems is an important part of business continuity planning. For access your data quickly, it allows you to conduct business as usual, minimizing any downtime and loss of productivity.15. Collaboration efficiencyCollaboration in a cloud environment gives your business the ability to communicate and share more easily outside of the traditional methods. If you are working on a project across different locations, you could use cloud computing to give employees, contractors and third parties access to the same files.16. Access to automatic updatesAccess to automatic updates for your IT requirements may be included in your service fee. Depending on your cloud computing service provider, your system will regularly be updated with the latest technology.17. Software as a Service (SaaS)SaaS is the most common form of cloud computing for small businesses. You can access internet-hosted software applications using a browser, rather than traditional applications stored on your own PC or server.18. MaintenanceMaintenance of cloud computing applications is easier, because they do not need to be installed on each user’s computer and can be accessed from different places.19. Multi-tenancyThe multi-tenancy feature offer by cloud computing enables sharing of resources and costs across a large pool of users.20. Almost unlimited storageWhen you store information in the cloud, you get to access unlimited storage capacity. For this reason, there is no longer a need for you to worry about running out of storage space.21. Quick deploymentCloud computing allows you to benefit from quick deployment too. The moment that you opt for this method of functioning, your entire system can be fully functional in a matter of a few minutes. However, there still remains the fact that the amount of time required here will depend on the sort of technology that you require.