Cloud computing – the use of computing resources that are not on your premises – can bring many advantages. However, it also presents some risks and challenges. It is important to understand cloud computing – and decide if it is right for you.
The benefits of cloud computing include:
- cost savings – reduced upfront investment in physical products and infrastructure, such as servers, storage and expensive applications
- ease of use – can be accessed any time and from any location
- efficiency – can bring improvements in workflow, automation and collaboration
- flexibility
Potential risks or challenges include:
- the overall cost of cloud computing – subscription, licenses, maintaining service – can exceed a traditional on-premise setup and should be properly considered
- increased management will be needed as cloud computing is integrated into existing services and configured to your firm’s requirements
- staff training and education will be required
Cloud computing guide
It is important to understand cloud computing - and decide if it is right for you.
