Cloud computing has gained a very strong following not just because it is one of the most modern applied technologies, but it does provide a lot of benefits for businesses and organizations.

The statistics behind cloud-based technologies and its applications are far-reaching. Take, for example, a business supplied with IT support and services in Virginia, can compete collaborate and share documents or storage space with another branch anywhere else in the US.  It enjoys the same level of network security and access limited to restricted individuals, all in the virtual network landscape thanks to cloud technology.

But is it a bad thing or not? Well, let the numbers speak for itself.

Financial group Goldman Sachs estimated that cloud computing infrastructure and systems have a compounded annual growth rate (CAGR) of 30% beginning from 2013 to 2018, which if significantly higher compared to overall enterprise IT of only 5%.

A separate report by industry expert Cloud Security Alliance indicated that 33% of companies have gone embraced the concept of cloud service with 86% of companies spending part of its IT budget on cloud-based services aside from other IT infrastructure services.

UK-based technology research group Vanson Bourne reported businesses have been found to have a 20.66% average improvement on time in the market, with a 19.6% average increase in company growth and an 18.8% average increase in process efficiency.

It also indicated a 16.18% average reduction in operational costs, 15.07% average reduction in IT spending and a 16.76% average reduction in IT maintenance costs.

This is just a small snapshot of the cloud computing service industry and here are a few things to consider in taking advantage of it.

Strategic leverage
If you need to get ahead of your business competition then you just increased your competitive edge by using cloud-based services. Cloud-based services make IT support and service platforms readily available and easily acquired, without having to spend so much for your physical IT hardware and software procurement.

You do not only get to save time, you also get to save up on other IT-related resources.

Cost-efficiency
Because of its virtual accessibility feature, mission critical applications can be launched with the least cost to money and time. You get to save a lot on upfront costs with faster provisioning time. You also get to focus more on other business matters instead of wondering about the reliability of your server infrastructure or personnel time.

Manageability
With simplified and enhanced IT maintenance and management capabilities, you can simply access a networked mainframe remotely. Cloud service providers also take responsibility for providing maintenance and system updates so you can be free from worrying about all these.

Your service level agreements (SLA) only lets you manage operations through a user interface and your provider gets the burden to provide service delivery to a client.