Benefits Of Using Cloud Technology In The Banking Industry

These benefits allow small and mid-sized businesses to implement cloud technology solutions and operate on the same technology foundation as enterprise level corporations. But while there may be no way for you to prevent or even anticipate the disasters that could potentially harm your organization, there is something you can do to help speed your recovery. While 20% of cloud users claim disaster recovery in four hours or less, only 9% of non-cloud users could claim the same.

Benefits Of Cloud Technology Solutions

Outsourcing cloud-managedservices to a technology firm like Bridgehead IT will ensure you only pay for the services you need rather than paying a full-time salary. Hiring full-time staff requires a business to have the funds to pay for a salary, benefits, retirement plan, and PTO. Versatility is one of the top Cloud-based solutions advantages due to its increasing demand. Cloud services can be used to communicate, improvise and work at the same time. Technology is both curse and boon for both organisations and individuals.


The key to this amped-up security is the encryption of data being transmitted over networks and stored in databases. By using encryption, information is less accessible by hackers or anyone not authorised to view your data. As an added security measure, with most cloud-based services, different security settings can be set based on the user. While 20% of cloud user claim disaster recovery in four hours or less, only 9% of cloud users could claim the same. In fact, most people already use a variety of cloud computing services without even realising it. Gmail, Google Drive, TurboTax, and even Facebook and Instagram are all cloud-based applications.

Magento Cloud A Managed Magento platform from experts with built in security, scalability, speed & service. Managed WooCommerce A dedicated platform for WooCommerce stores with an incredible bundle of features. Private VPS Parent Dedicated cloud server that allows you to deploy your own VPS instances.

Benefits Of Cloud Technology Solutions

Security & compliance – Meet your compliance regulations with full control over your underlying infrastructure. Private clouds are dedicated to the needs and goals of a single business. With cloud computing, it has become a lot easier to optimise the way they operate and understand how they are performing. According to GoodFirms, Google Drive is the most used for personal cloud storage with 94.44%. According to Arcserve, by 2025, there will be over 100 zettabytes of data stored in the cloud.

Gps And Coordinate Services

You’ll no longer have to worry about server updates and networking questions as the cloud handles all of those tasks on your behalf. As-a-Service” delivery model of the cloud places the responsibilities of connectivity, electricity, networking, and uptime on the cloud provider, not on you or your IT team. For example, cloud backups and firewalls can benefit any business, but how they are used is likely to differ depending on your use case. Additionally, the storage-area network service can provide capacity and security for any business looking to protect and leverage data.

  • No matter what the plans for the future of your business are, cloud-managed services can help get you there.
  • Maintaining a strong security posture can help your business to achieve the benefits of cloud computing.
  • There are various benefits of Cloud-based solutions and connecting with professionals lets you enjoy to the right extent.
  • When you hire Bridgehead IT, you fill in the expertise gaps with an entire team of specialized experts.
  • Contact us today about a network assessment and customized cloud-based solutions for your business.

Kimberly is one of the company’s first and most valued contributors, she now mentors your professionals in becoming great tech culture editors.

A recent Verizon study showed that77% of businesses feel cloud technology gives them a competitive advantage, and 16% believe this advantage is significant. Half of all CIOs and IT leaders surveyed by Bitglass reported cost savings in 2015 as a result of using cloud-based applications. If you are a software developer, then cloud technology provides massive benefits for your application.

Increased Collaboration

Businesses deploy applications between private and public environments to meet their computing needs. When people think of cloud environments, they are most likely thinking of the public cloud. Contact us to learn more about private cloud instances and dedicated cloud deployments. Our team has the expertise and experience necessary to properly provision, manage, and support your cloud needs. It is important to recognize that cloud technology takes many forms and what your business needs is likely to be different from other businesses.

Recently, there has been more discussion regarding the savings that cloud-based platforms can offer developers. With a managed cloud service provider, you’ll receive updates and constant monitoring. These professionals will monitor your cloud infrastructure to ensure there are no safety breaches.

Cloud solutions offer a wide range of services that help you in storing data to deliver based on the necessity. PQubeis one of the reputed companies that has been offering custom cloud services that are perfectly suitable for your operations. Many companies position the low initial costs and pay-as-you-go attributes as a very significant cost savings.

Cost savings is one of the primary advantages of cloud computing because of obvious reasons. Saving time and money is focussed extensively from any successful company because it gives more room to find growth Benefits of cloud computing regularly. A large number of IT companies are known to provide services with the help of data. Storage is one of the essential aspects to consider and enable quick access to the data at any time.

Increased And Easy Collaboration

While cloud computing is increasing in popularity, there are still those who prefer to keep everything local. That’s their choice, but doing so places them at a distinct disadvantage when competing with those who have the benefits of the cloud at their fingertips. If you implement a cloud-based solution before your competitors, you’ll be further along the learning curve by the time they catch up.

Benefits Of Cloud Technology Solutions

Security is a high priority when learning and embracing any modern and or new technology. This is especially important when using this security to protect the sensitive data of financial firms. There has been a year-on-year increase in the number of data breaches and cyberattacks on banks.

They’ll note the considerable cost of building and operating data centers and argue for avoiding that to save money. Maintaining a strong security posture can help your business to achieve the benefits of cloud computing. From better connectivity between applications to new ways to leverage data, cloud technology transforms more and more businesses every day in new and meaningful ways. Whenever you and your business are on your cloud journey, there is near-endless potential to realize.

You can choose a plan that best suits the needs of your business, which will allow you to predict how much you spend each month. Bank accountants and other employees are required to process and store massive amounts of data and sensitive information daily. A cloud-based storage solution can allow for a large amount of data to be stored securely while still being accessible at any time or location. Employees who need to access this data must have defined user permissions.

The Benefits Of Cloud Technology For A Software Developer

As technology is advancing, it is imperative to flow on because it helps in increasing productivity. Check out the benefits that have offered both individuals and companies in different kinds of operations. This technology reduces the total maintenance cost as a third party can do software maintenance. And, as a third party provides the cloud system, the hardware required in the organization is minimal.

Benefits Of Cloud Technology

At the same time, Dell reports that companies that invest in big data, cloud, mobility, and security enjoy up to 53% faster revenue growth than their competitors. As this data shows, an increasing number of tech-savvy businesses and industry leaders are recognising the many benefits of the cloud-computing trend. But more than that, they are using this technology to more efficiently run their organisations, better serve their customers, and dramatically increase their overall profit margins. As this data shows, an increasing number of tech-savvy businesses and industry leaders are recognizing the many benefits of the cloud-computing trend. But more than that, they are using this technology to more efficiently run their organizations, better serve their customers, and dramatically increase their overall profit margins.

This lowers the risk of data loss should any one backup fail or be destroyed by a disaster. Cloud providers can restore the data from another copy maintained in their cloud storage, which is continuously updated with every piece of data added. IaaS providers offer customizable programs so you are not paying for space or services you won’t use. They will work with you to determine which resources are best for your business operations and you pay for only the IaaS technology solution options you use. A software-as-a-service provider may discuss the savings from paying for application access versus purchasing off-the-shelf software. Software providers will add those « cloud attribute » benefits to the specifics of their software.

Many technology solutions are “all or nothing” or it costs more to have certain services excluded. Most often you can’t pick and choose exactly which channels to have on your plan, and you are technically paying for some channels you will never watch. Although not a perfect example, we hope this gives you the general picture. Another great thing about managed cloud services is that you can control how much you want to pay each month.

Cloud-based applications automatically refresh and update themselves, instead of forcing an IT department to perform a manual organisation wide update. This saves valuable IT staff time and money spent on outside IT consultation. PCWorld lists that50% of cloud adopters cited requiring fewer internal IT resourcesas a cloud benefit.

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