Cloud for business is the integration of multiple services in one centralized platform, allowing companies to reduce costs and boost productivity. Remote working became the new standard. No longer did workers need to commute; many were able to work from home or a remote workplace. Commutes disappearing, and decreased office space became the norm as well. Spending on cloud surprisingly increased 38 percent to over $ 29 billion by 2020 s even with unemployment nearing record levels.
Cloud for business can be defined as having applications hosted on-demand from third parties. Rather than purchasing upgrades and licenses, companies pay for usage based on the hours of usage agreed upon. Companies enjoy cost savings, scalability, security, reliability, and more through remote work. Spending on cloud actually rose 38 percent to reach $ 29.5 billion by 2020, according to forecasts from Frost & Sullivan.
An added attraction of cloud solutions is the ability to easily move applications to any location with improved security. When servers are down, users are unable to access their data and programs on the web. With cloud network, servers remain up and running, thus allowing business continuity solutions to be deployed when needed. This reduced downtime translates into higher profits, improved customer satisfaction, and decreased financial loss.