Cloud computing is undoubtedly one of the biggest buzzwords in the technology world today, yet 29% still think the cloud is associated with the weather. For those of you who are still not quite sure what exactly cloud computing is and the value it provides, Fast Company created this quick video to break through the cloudiness.

According to Fast Company, the cloud is “a vast network of low-cost, high-availability computing resources.” Thousands of businesses are making the switch from on-premise to the cloud.

According to recent research, almost 60% of companies are already in the cloud and an additional 20% are planning to do so within the next 12 months. Why? Here are the benefits that are enticing businesses to adopt cloud computing:

  • Reduced costs by only paying for the resources you consume
  • Increased protection against computing failures and network outages
  • Flexibility and scalability, so you don’t have to purchase hardware that you won’t use
  • Helps you go green by lowering carbon emissions and the use of electricity and infrastructure
  • Increased speed
  • Helps you gain a competitive advantage by “innovating, collaborating and experimenting at a low cost.”

To sum it up, cloud computing helps businesses of all sizes compete at a higher level than ever before. If you want to learn more about cloud computing, here are some more great articles to check out:

Cloud’s Outlook For 2020

How To Build A Cloud Strategy In 10 Steps

Cloud: Studies, Stats, and Trends