Advantages and disadvantages of cloud computing
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Cloud computing technology is the provision of computer services offered remotely and in real time, so that companies can access various tools from anywhere in the world through their computer equipment without the logistics and expenses of having a local data center.
The cloud computing paradigm provides a wide variety of services, from those traditionally offered to new ones such as networks, storage and processing. The main service models of this technology are: infrastructure (IaaS, Infrastructure as a Service), platform (PaaS, Platform as a Service) and software (SaaS, Software as a Service).
Cloud computing has multiple characteristics and, fortunately, it has more advantages than disadvantages. Below, we present them.
In 2020, the cloud storage market grew by $30 billion and, with a solid 10% annual increase, it is one of the main current investment trends. We tell you about its advantages and disadvantages in this article.
- You can reach new and remote geographic regions and deploy solutions on a global scale in a matter of seconds.
- The technology is compatible with any Internet-enabled device such as cell phones, tablets and computers of any kind.
- The user pays for the resources only as long as he/she uses them, which translates into savings at all levels.
- Reduces the costs of purchasing computer equipment and paying for licenses for each of the required software.
- Reduces electricity consumption costs, due to the reduction of equipment in use.
- In case of any loss of information, its recovery is easy due to the cloud storage service.
- Companies can turn security into services and solutions, optimize IT maintenance, modernize business approaches and free up capital,
- Easy access to a wide range of tools that make it easier to innovate.
- The service seeks a bilateral provider-user benefit.
- It is not necessary for the customer to know the physical location of the service provider.
- Having the service basically depends on having a good Internet connection.
- There is some vulnerability of sensitive data, which always represents an exposure to a possible cyber attack.
- There is a risk of information loss due to the large volumes of information handled.
- It creates dependency on the part of the user towards the service provider, due to the conveniences it offers.
- Free services that store data in the cloud do not offer as many security and privacy options as paid services.
According to data from the International Data Corporation (IDC), global cloud spending is expected to double in the next few years. Growing from a rate of $229 billion in 2019 to nearly $500 billion in 2023.
The IDC report identifies SaaS as the largest spending category, concentrating more than half of all public cloud spending; IaaS is the second and in turn the fastest growing with a projected five-year Compound Annual Growth Rate (CAGR) of 32 percent. Meanwhile, PaaS is the lowest spending category and has the second highest five-year CAGR at 29.9 percent.
Digitization drives the cloud computing industry
Global spending on public cloud computing infrastructure and services is expected to grow from $229 billion to nearly $500 billion by 2023. As for public cloud end-user spending, it will grow globally by 18% by this 2021.
The cloud, from an intangible idea to an entire industrial sector
Perhaps the most intangible product invented by man, so much so that its name carries it, the cloud, is a market that despite being very large continues to expand and has very important upward projections, around $129,000 million dollars in preliminary revenue in 2020.