Moving to the cloud saves the upfront cost of purchasing, managing and upgrading the IT systems. Thus using cloud model converts capital expenditure to operational expenditure. Using one-time-payment, ‘pay as you go’ model and other customized packages, organizations can significantly lower their IT costs.
Businesses will no longer require file storage, data backup and software programs which take up most of the space as most of the data would be stored in remote cloud servers. Not only cloud frees in-house space but also provides unlimited space in the cloud.
While using own servers, you need to buy more hardware than you need in case of failure. In extreme cases, you need to duplicate everything. Moving to cloud eliminates redundancy and susceptibility to outages. Thus migrating to cloud not only adds reliability to the systems but also keeps information highly available.
Using cloud computing, businesses can easily expand existing computing resources. For start-ups and growing enterprises, being able to optimize resources from the cloud enables them to escape the large one-off payments of hardware and software, making operational costs minimal.