6 Facts About the Cloud Computing Industry You Might Not Know

For those of you still wondering what the cloud is exactly, think of it as a metaphor for the Internet. Cloud computing is simply a way of storing and accessing files online. One’s cloud can be accessed via multiple computers as long as you are connected to a network. The information is then stored on remote servers. The cloud makes accessing data easier, and allows for the storage of large quantities of information. Therefore the future of business is no doubt cloud based.

6 Facts about the Cloud Computing Industry You Might Not Know…

  1. Companies like Amazon and Microsoft are receiving an ever growing portion of their revenues from the cloud. In 2017, Amazon generated 3.2 million from their public cloud computing infrastructure division known as Amazon Web Services.

  2. Security concerns about cloud computing are waning as more and more IT experts feel confident in trusting the cloud with sensitive data. A reported 60% feel adequately safeguarded against the potential risks of their databases being hacked.

  3. According to Forbes, “More than 50% of IT spending will be cloud-based by 2018.” An increased investment in cloud computing will likely be seen across all industries as the cloud helps businesses save money by using staff more efficiently.

  4. Almost half of the agencies within the U.S. Government utilize the cloud. In fact, the government is thought to be the largest user of cloud computing technology.

  5. Banks are the most active users within the cloud as a result of mobile banking apps, virtual transaction services like Paypal, and developing currencies like Bitcoin.

  6. For most companies, the cloud is used to store files and as a means for backup and recovery. Currently the cloud is being utilized for storage more than it is used for things like application deployment. However, this could change as the demand for cloud services grows and enables new business models.

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