Cloud computing refers to the on-demand provision of computer resources, most often computer processing power and storage, without direct user control. Large cloud networks often have numerous functions operating over multiple nodes, each node is a data center. The most common form of cloud computing is a shared web service such as Twitter, Yahoo, eBay, or Google Maps. However, a smaller business may use a Synology cloud backup as well.
Cloud hosting can either be Public or Private. Public cloud computing services are hosted publicly, while private clouds are kept confidential for specific organizations. They make use of servers that are geographically dispersed over a large area and therefore have lower costs. Therefore, a business can save on infrastructure costs, but it cannot be guaranteed that critical applications are constantly available.
Reduce the Cost:
The biggest advantage of cloud computing services is that they reduce the cost of IT infrastructure. These savings are mainly due to the fact that they use a serverless computing model. A server is not required so that applications can be accessed from any internet-connected computer. Since there is no hardware investment involved, the overall infrastructure cost is reduced. Thus, it is much cheaper than traditional computing infrastructures like servers, desktops, printers, and phones.
Public cloud computing services tend to be expensive since a considerable amount of IT manpower is required to operate them. Nevertheless, the benefits include flexibility, reliability, and scalability at a very low price. Companies that use these cloud services are able to gain access to their computing resources while the infrastructure stays dedicated to the business. This reduces costs because only a small amount of resources are required.
On-site hosting tends to be more expensive than cloud hosting because on-site hardware is required for the operation of a business. The costs include staff expenses, rent, electricity, bandwidth usage, and others. However, cloud computing models allow you to gain access to your own infrastructure without having to pay the costs of on-site IT support. This reduces the overall cost of IT infrastructure to the business.
On-Site and Off-Site Computing:
Businesses can also take full advantage of the cloud computing model by saving money that would have been spent on buying software and hardware. The money saved can be used to cover other business expenses. Companies can also access business data from remote locations, which can be termed off-site computing. It is much more secure and reliable than local or on-site computing. Since your business data and applications are stored in a separate location, remote access is easier. Therefore, businesses can save lots of money when using cloud computing models.
Public and Private:
There are two different kinds of cloud computing: public and private. Public cloud computing refers to the set of public Internet resources like e-mail, data storage, videos, and others that are making available to anyone for consumption. Private cloud computing, on the other hand, refers to data storage in servers that are solely owned by one user. The user will have to pay for the service but will be able to use the server exclusively. These two types have different pros and cons.
Private data storage can provide excellent protection to valuable files from being hacked. However, it comes at a high price. Businesses have to spend lots of money in setting up an environment for off-site data storage and maintaining it. Whereas, cloud computing models allow users to easily access data storage that is hosted off-site, at very minimal costs.