Smart business leaders understand the value of utilizing the cloud. As data storage needs grow, as they have been growing exponentially for decades, the means in which we manage that data grows as well. For nearly any business a simple filing cabinet or two doesn’t get the job done: that’s where the cloud comes in.
Today 93% of corporations use the cloud in some form or another; the savvy ones can even attribute 50% or more of their business growth to cloud-based apps and services. Nearly every industry has taken notice as global spending on cloud technology is expected to double by 2020 at $162 billion from $67 billion in 2015. Coincidentally, this is a growth rate six times faster than spending on IT department development, as demand for onsite technicians wanes. Businesses involved in cloud usage show 2.3 times the revenue growth when compared to counterparts and are more likely to use this as a competitive advantage.
How does your corporation benefit from the cloud? Take a look at this infographic for more on the rise of cloud computing, how it’s changing the way we view and understand data, and why it has become an indispensable business tool for sustained growth.