In today’s digital age, leveraging cloud technology has become the need of the hour. And as a business owner, you have to critically exploit this technology to gain the needed traction and accelerate your digital transformation journey.
Many companies have already started storing, managing, and processing their data by using a cloud computing service.Independent research by Gartner says that more than 45% of spending on traditional IT solutions would shift to cloud computing by the year 2024. These stats truly define how cloud-first policy adoption shall influence a wider market and create numerous business opportunities in the coming times.
But what does cloud computing exactly mean? Let’s take a look.
What is Cloud Computing?
An imperative that propagates on-demand delivery of required IT resources over the internet is known as cloud computing. It represents the complete infrastructure and systems that permit a computer to process information, build an environment, or complete production. With such a service in hand, computing power, data storage, and database management can surpass the limitations of an on-premise server.
There are various experienced players in the market including Google Cloud Platform, Amazon Web Services, and Azure that are offering different types of cloud-based services for business. Let’s understand them in a better manner.
1. Software as a Service (SaaS)
With this type of cloud computing technology, you can access databases, networking, and computing resources by using your own servers instead of installing any software on your device. It’s an on-demand software distribution model that helps companies to integrate SaaS apps with other software via APIs.
2. Infrastructure as a Service (IaaS)
This cloud service model offers complete control of infrastructure services, including storage solutions, remote servers, and networking. Also known as Hardware as a Service (HaaS), it enables multiple users to share the same physical infrastructure and dynamically scale the hardware configuration to match the changing requirements.
3. Platform as a Service (PaaS)
This kind of cloud computing effectively regulates an operating system, an execution environment for coding, and database management. It gives enough room to the developers to run, test, and deploy various web applications alongside providing support to manage back-end scalability.
4. Serverless Computing
This cloud computing service model helps in building and optimizing cloud-native apps in a simpler, cost-effective way. It’s an on-demand execution model that eliminates the hassle of operating and managing common infrastructure tasks that include provisioning, scaling, patching, scheduling, etc.