15 September 2011 16:48:06
As economic hardship continues to plague many businesses, executives look for new and creative solutions for cutting costs and streamlining efficiency practices. Cloud computing has moved into the forefront of money-saving practices for many businesses and federal agencies, while small businesses stand to gain most, Business Insider reports.
According to the website, cloud computing offers a practical and manageable solution for data storage and management, as this procedure is incredibly important for the continuity of a business. The news provider cites the common cloud pay-as-you-go model as one of the best ways to save money, as managing an in-house data storage facility can be extremely costly.
Accessibility, efficiency and user-friendliness are among the other perks that cloud computing offer small businesses, the website asserts. Small businesses would be especially smart to use cloud-based data backup methods, as many businesses that have experienced serious data loss have not survived after.
In an article published by eWeek, experts explain how the average cost of a data breach has been consistently rising. According to Ponemon Institute, as of March, 2011, data breaches cost $7.2 million per incident on average, a figure that could spell the end for many small, mid-sized and even large businesses.
-McAfee Cloud Security