Cloud computing allows companies to utilize enterprise software without the need to invest in new hardware or software. This can save time and money as well as effort. This allows businesses to transition from operations to innovation faster and gain an edge over competitors.

Servers aren’t cheap and unless you’re investing in redundancy (like a redundant array of independent disks), there’s a good chance that at the very least one of your servers will shut down at any point. Moreover, the maintenance of servers and the space needed to set them up could add up quickly. You’ll also have to pay for the continuous cooling of servers.

With a cloud provider, you can get access to your data and applications wherever you have an internet connection. This allows your staff to work more efficiently on road, in the office or on mobile devices.

Cloud also allows you to scale up storage and virtual resources quickly. You can quickly and easily add capacity to meet sudden increase in demand, and you can scale back down as quickly when things slow down. This is called elasticity, and it is one of the major benefits of cloud computing.

Amazon Web Services (AWS), Microsoft Azure, and Google are the three major cloud providers. The other top contenders are VMware and OpenStack. As the cloud continues to evolve we are seeing more and more people embracing multi-cloud strategies. This is largely because it reduces the risk of vendor-lock-in, but also because working with multiple providers offers more flexibility.

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