The global revenue generated from cloud document storage has gone up from 0.64 billion US dollars in 2010 to 4.04 billion dollars in 2016. The demand for such solutions is increasing all the time, with 21 percent of European companies already relying on enterprise cloud solutions. On a global scale, the cloud computing market has grown by 21 percent and 17 percent of enterprises run more than 1,000 virtual machines in the public cloud.
There’s a reason why cloud document storage and cloud-based solutions in general have become so popular. Here are a few of the key advantages over more traditional storage methods.
One of the biggest benefits of a cloud-based solution is accessibility from every location that has internet access. Cloud document storage makes business archives available everywhere and at any given time. This storage option is ideal for companies that have multiple offices, businesses whose representatives travel a lot and the ones that cooperate with telecommuting workers.
Cloud-based documents give businesses a lot more flexibility. Employees can work from any location without experiencing a decrease in productivity. Such flexibility can also boost employee morale and increase the commitment level.
Cloud document storage is much more affordable than relying on onsite storage. Many small companies simply can’t opt for onsite hardware due to the associated costs. Having in-house servers can be quite expensive. For a start, the company will have to make the preliminary investment in the hardware itself. In addition, this hardware will have to be maintained professionally. When having in-house servers, businesses will also need to spend on security and upgrades.
Cloud document storage is affordable because businesses pay solely for what they use. On top of being cost-efficient, such solutions are also highly scalable and they can grow effortlessly to accommodate the company’s changing needs.
Better Disaster Recovery
An emergency data backup is recommended for every single business. Cloud document storage is an excellent choice when it comes to the potential recovery of lost documents. In the case of cloud storage, documents are saved at a remote location. Even if something goes wrong with the company’s primary archive, the data will still be accessible from the cloud database.
The data is also much better protected than in the case of a natural disaster or an emergency at the office.
Cloud-based storage can offer many security perks that aren’t available with the creation of a traditional database. Cloud storage allows for multiple levels of security. For a start, there’s encryption that reduces the risk of data loss or hacking whenever you access the database. In addition, multiple levels of access could be set. You can easily restrict the ability of some employees to view or edit sensitive data. This way, you’ll keep the most important documents private and protected.
Cloud document storage offers detailed logs and reports about the people who have accessed the archive and the modifications that they’ve made. Even if something goes wrong, you’ll have a good idea about the individual that could have caused the issue.
Cloud-based solutions for businesses are becoming more readily accessible all the time. With all the benefits that they bring to the table, they’re seen as increasingly attractive for all kinds of businesses. Scalability, cost-efficiency and effortless access come together as the top benefits – benefits that all kinds of businesses will enjoy regardless of their size or the industry that they operate in. Contact us at CASNET to learn more how we integrate with over 60+ ECMs and have our own Cloud-based eSAFE for all your document management needs.