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Hybrid clouds offer more flexibility and reliability than using a single cloud environment.Īlso read: How the Cloud and Mobile are Changing Professional Services Reduces the necessary amount of hardwareĪn advantage of public cloud computing is the reduction in hardware costs. With a hybrid environment, companies can place their sensitive or regulated data on private clouds, while keeping everything else on a public cloud. To offset the higher costs of private clouds but still adhere to compliance requirements, some organizations opt for hybrid cloud or multicloud environments. This also means that the organization itself is responsible for maintenance. Because there is only one company per cloud environment, the cost is often higher than with public clouds. There is no data from other companies on these clouds, which is often required for businesses in highly-regulated industries to meet compliance standards. Private clouds, on the other hand, are hosted by the company storing their data on the cloud. Additionally, public clouds are maintained by the vendor, reducing operating costs for the company purchasing cloud space.
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The data is segregated to keep it organized and secure, but this multitenancy keeps prices low. Public clouds are hosted by providers like Amazon or Microsoft, and each one can host several different companies. When moving your data and applications to the cloud, you need to decide between a public or private cloud environment. Reduces the necessary amount of hardware.Saving money with cloud computing services After answering a few questions about your cloud needs, you’ll get a short, customized list of products. Looking to migrate your business to the cloud? Check out our Product Selection Tool for the best cloud backup and storage solutions. In fact, companies can save an average of 15 percent on all IT costs by migrating to the cloud. Even though it’s a time-consuming process, the cloud can provide extensive financial benefits like budget savings and increased workplace productivity. Cloud computing is booming across a variety of industries, especially with the growth of remote work.