Going completely to the cloud, is it worth it?

In recent years we have seen a sharp boost in the use of cloud computing. Almost every big company like Netflix, Instagram, Xerox, Apple, etc. is using cloud computing. But still many people don’t get the main idea of cloud computing.
Cloud computing allows you to access applications and programs through the internet. Due to an uncanny increase in the use of cloud computing, everyone is trying to adopt this method for their business.
However, the critical point is although we have stories like General Electric, which become successful after turning to cloud computing; but still, it is not for every business.
Thus, we will explain the main benefits and risks of migration to cloud computing. Then you will decide whether going completely to the cloud is worth it?
Benefits of Cloud Computing
The main benefits of cloud computing are:
● Scalability:
The best thing about cloud computing is you have to pay for the space you use only. And if your business grows, then you are free to accommodate your increased space in the cloud storage.
● Disaster Recovery:
Cloud computing frees all your worries of losing data in case of a disaster. Because it can save a backup copy of your data and important files, you are free to store them in a remote location and access them when needed.
● Accessibility:
Cloud computing makes it much easier to access all the applications in contrast to the hardware-based programs. Besides, it also gives more collaboration between teams, and more than one team can access data at the same time for their projects.
● Low Cost:
An important factor that motivates businesses to choose cloud computing is its low cost. With its SaaS subscription, you can get all the functionality of the IT staff.
Risks of Cloud Computing
The main risks attach to cloud computing are:
● Downtime:
The main risk of cloud migration is its downtime. Because cloud computing offers internet-based services; thus, there is a high possibility of downtime. Therefore, you should think about whether your business can afford this or not. According to statistics, AWS costs public traded companies up to 150 million dollars due to the downtime.
● Security and Privacy:
There is no doubt that cloud computing strives to provide the best security. However, data and files stored in the external server are always prone to risk. The biggest example of this is Code Space, where hackers get access to their AWS EC2 console and delete all the important files.
● Vendor Lock-In:
Cloud computing is still in its phase of evolution and development, thus resulting in vendor lock-in. Due to incomplete resources, it is difficult to migrate all data from one vendor platform to another cloud platform.
● Limited Control and Flexibility:
Cloud services are owned and managed by the provider. Thus, it gives you limited control. Besides, most of the time, the cloud provider also stores your data in their servers and doesn’t give customers complete control and access.
Final Words
Migration to cloud computing has its own risks and benefits. Therefore, it entirely depends on your resources and condition, whether going completely to the cloud, is it worth it? Because of its benefits outshine risks than going for it otherwise not.