Today, we see a rapid increase in the storage needs in businesses with the rise in the information that they have to access, collect and process. Cloud computing technology demand is rising as it provides a plethora of benefits for any organization.

The key functioning of the cloud is data accessibility from anywhere in the world. It helps to boost work efficiency and decrease the costs of operations in long run. Another most important benefit of cloud storage is that remote data backup on the cloud that reduces the budget associated with disaster recovery. Below are major advantages of cloud storage:

Scalability– The cloud storage benefits organizations in saving their costs. They can pay for what they use. There is no need to pay for unused space without the risk of running short of storage. Cloud storage providers assist businesses to achieve better resource availability by allowing companies to scale up easily and give them a competitive edge over competitors.

Mobility— Cloud storage provides mobility to the business user so that they could access applications on any device and in any location with uninterrupted internet access. This lets multiple users to collaborate at the same time irrespective of the place where they are that in turn increases efficiency and collaboration.

Business continuity– It ensures business continuity as it typically costs less than storing it on other mediums such as DVD or other external disks. Cloud storage can be served as a back‐up and business continuity plan for businesses. It plays a key role in any disaster recovery or any hardware failure. The data stored in the cloud is secured and helps in business continuity without any errors.

Security – Cloud storage has a lower risk of than compared to the on-premise server as it combines the combination of latest techniques such as automation, data encryption and password security. This enables maximum security by reducing the number of copies of documents, holding them off site and enforcing encryption.

Cost saving and faster ROI– Cloud storage assists organizations to reduce overburden costs which are associated with storing data internally. The cloud storage service providers distribute the costs related to their infrastructure and services for several businesses thus eliminating the costs which are related to hardware and maintenance.