The old expression “having your head in the clouds” used to mean that you did not know what was going on and were confused by your surroundings. These days, that phrase has taken on a new meaning.
If your head is in the cloud today, it means that your business has fully embraced or is undergoing a digital transformation that involves transitioning to cloud computing and cloud-based data management.
Choosing cloud data management gives your business access to enhanced data security and data storage capabilities that extend far beyond those of an on-premises data center.
In this article, we’ll take a closer look at cloud data management services, discuss what they are, and outline some of the benefits of data management in the cloud.
What is Cloud-Based Data Management?
Simply put, cloud-based data management involves storing critical business data in the cloud.
This is most often done by using off-site storage servers that are owned and managed by a third-party provider that offers cloud-based data storage services.
In addition to hosting your data, your vendor will also provide several helpful services as part of their cloud data management strategy.
These services typically include:
- Data security
- Data governance
- Automated data backups
- Disaster recovery services
On-Premises Data Storage vs. Cloud Data Management
When it comes to data storage, many businesses prefer the traditional model, where their data is stored in an on-site data center. Companies that rely on on-premise data storage handle management of the data center internally with the help of their IT staff, or through an IT services provider.
The on-site model does give you control over the management of your data center, but there are some cons to this method. First of all, on-site data storage is a large-scale investment, with many costs and fees involved.
Some of the things you’ll need to budget for include:
- Upfront costs
- Licensing fees
- Server space in your office
- Purchasing and installing the hardware
- Hiring third-party IT support (if necessary)
Relying on a cloud data management system eliminates the costs outlined above. Instead of worrying about finding space for data warehouses or potentially exceeding your IT budget, you’ll pay a monthly subscription fee for the service. Your cloud vendor will handle tasks like software updates, ongoing maintenance, and data security to reduce the burden on your IT staff.
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Exploring the Benefits of Cloud Data Management
Cloud storage is becoming increasingly lucrative, with the public cloud service market expected to be worth $623.3 billion by 2023. Additionally, 94% of businesses are already relying on cloud data management services, while 30% of IT budgets now account for cloud computing.
With statistics like these, it’s easy to make a case for cloud-based data management, which is helping to propel many companies forward. Before you begin a digital transformation of your own, let’s take a look at some of the benefits of cloud data management.
1. Cost-Effectiveness
As previously mentioned, there are no upfront costs for cloud-based data management, and you only pay a monthly fee for your usage. If you operate a smaller business and have a limited budget, you won’t have to spend extra money on hardware installation or additional IT management.
2. Scalability
Unlike on-premises data management, cloud data management services are completely scalable. This is perfect for growing businesses, who can easily scale their cloud storage up or down as needed.
3. Data Security
Ensuring the protection of your critical data is vital, regardless of your storage method of choice. A cloud data management system is arguably the more secure option, as cloud storage is purely digital and does not rely on physical devices. As a result, you won’t have to worry about hardware damage or failure that could put your data at risk.
4. Seamless Backups and Disaster Recovery
Cloud-based data storage vendors prioritize the safety and security of their users’ data with fully automated backups and disaster recovery services. Real-time disaster support gives users peace of mind by expediting the post-emergency data recovery process. This leads to significantly reduced downtime while avoiding data loss and corruption.
5. Automatic Updates
An on-premises data center requires your IT staff or third-party provider to manage updates and upgrades. This is as time-consuming as it is expensive. Cloud data management eliminates these costs by automating them, allowing your business to continue working without missing a beat.
6. Building Collaboration
An effective cloud data management strategy will help improve collaboration across your business by giving your team access to data that is essential to their jobs from anywhere. This powers various collaborative efforts, such as sharing information, working on the same data set, and so on.
7. Enhanced Data Quality
Cloud data management services eliminate data silos while creating a single source of truth (SSOT) for your business and its data management practices. This helps to improve consistency throughout the organization.
Your Reliable Source for Cloud-Based Data Management Services
A digital transformation might sound like a complicated process, but it doesn’t have to be.
With a proper cloud data management system in place, you can reduce your concerns about data storage and data security while saving time and money on on-premises solutions.
As a leading cloud services provider, Power Consulting’s experts can show you the advantages that cloud computing can bring to your organization. We offer affordable cloud hosting and have partnerships with the industry’s top vendors, to ensure you get the best cloud solutions for your business.
Don’t leave digital storage up to chance. Contact us today to learn how our cloud data management services give your company an advantage.
