Business spending on cloud computing infrastructure is forecast to top $1 trillion for the first time in 2024, according to research firm IDC.
Companies are flocking to cloud computing for on-demand computing resources that enable their businesses to respond more quickly to market changes, scale resources up or down as needed, and reduce the cost and burden of maintaining physical IT infrastructure.
Additionally, IDC says organizations with cloud foundations benefit from the ability to rapidly adopt new technologies like generative artificial intelligence (AI) at scale as they roll out new products and services and drive cost and resource efficiencies across the business.
Benefits of Cloud Computing
Cloud computing provides your business with access to servers, storage, databases, networking, software, and analytics as a service instead of buying and hosting these resources in your own data centers.
Cloud computing also offers your business many benefits that make it an ideal foundation for innovation, including:
- Scalability – With cloud computing, your business gets on-demand access to advanced cloud technology that you can scale up or down easily as your strategies change and evolve.
- Cost Efficiency – Cloud computing is delivered as a service so you can tap into powerful technologies without a hefty upfront investment in IT infrastructure. Moreover, infrastructure updates, maintenance, and troubleshooting fall to the cloud service provider, freeing additional in-house resources.
- Speed and Agility – Cloud computing is flexible, which enables your business to rapidly deploy resources to accelerate innovation and overall efficiency.
- Focus on Core Business – By outsourcing IT infrastructure to cloud service providers, your business can focus on developing new products and enhancing existing ones.
- Cutting-Edge Technology – Cloud computing providers offer affordable, easy access to advanced technologies like AI, machine learning (ML) and Internet of Things (IoT) solutions so you can put them to work in your business.
- Powerful Data Analytics – Cloud computing empowers your business to quickly gather and analyze vast amounts of data, leading to better-informed, speedy decision-making and innovation.
Innovate with Cox Business Managed Cloud Solutions
Want to accelerate innovation with cloud computing but don’t know where to start? You’re not alone. According to IDC, 60 percent of companies employ professional services for delivery and management of their cloud services.
Cox Business provides a range of managed cloud solutions to move your business to the next level, including:
- DaaS – Desktop as a Service
- IaaS – Infrastructure as a Service
- DRaaS – Disaster Recovery as a Service
- SECaaS – Security as a Service
- BaaS – Backend as a Service
- Microsoft 365 – Office Productivity Software as a Service (SaaS)
Cox Business also offers professional services, including:
- Solutions Design
- Cloud Migration
- Monitoring
Cox Business is with you every step of the way – from design and testing through migration and management – so you can focus on innovation and driving revenue.
