No matter where it is kept, the security of your data is of paramount importance. We’ve weighed these options against each other to help you establish which is the better option for your business’ needs.
The cloud offers quite a few advantages to those who utilize it as a data backup or storage solution. A major one is how cost-effective a cloud platform is, as the costs of maintenance and utility requirements are bundled into the service, and the only costs left are for storage space and the services that the cloud provider offers.
In addition, the cloud offers fully customizable scalability to your needs. Unlike an in-house platform, the space and computing resources available to you are fully adjustable. All you need to do is inform your provider, and they will adjust your service to best fit your requirements. Furthermore, the cloud also provides improved accessibility. Cloud-based storage allows you to access the data stored in your provider’s facility via most Internet-connected devices through either a browser or an app, providing you anytime access.
There are a few disadvantages to cloud storage, but your particular business needs may cause them to not factor in quite so strongly. However, speed can be a consideration, given your circumstances. If, for instance, you have a considerable amount of large files, or your Internet connection isn’t quite up to the task, working with the data you have in the cloud may not be efficient enough for business purposes.
Local storage not only allows you to access your data at increased speeds, but also provides more control over their solutions. For example, this increased control enables you to design and manage your infrastructure in a way that saves more money for your business. For instance, a single server can host multiple virtual machines, and your information can be protected by redundancy.
Nevertheless, the initial costs could be higher because of the need to purchase the hardware and software, and scalability can a bigger concern. Also, if a disaster were to strike your hardware, you could lose access to your data. Finally, every several years your infrastructure will need to be refreshed and upgraded, which would require another upfront payment to deploy the same platform.
Many companies find both on-premise IT infrastructure and cloud hosting to have their own pros and cons. For example, hosting your email in the cloud but your line of business app in-house might be the best solution for your business. Your IT requirements, security compliances, and broadband speeds are all factors that come into play when making decisions about where your infrastructure should go.