5 Ways Cloud Computing Is Boosting the Technological Success of the Financial Community
3 min read
September 10, 2015 • Block Advisors
Talk of “The Cloud” is everywhere. Whether you’re a booming corporation migrating to Office 365, a financial company moving to a private virtual server system, or a college student using Cloud-based file storage, today’s tech world is elevating to these cloud computing infrastructures.
In our time in the Cloud space, we’ve seen 5 main ways that cloud computing is boosting the success of various types of businesses in the financial sector. Whether you’re an accounting firm that needs their QuickBooks programs hosted in the Cloud, or you’re a medium-sized corporation that wants to plan for future fluid scaling of your operations, the Cloud is the place for you.
- No Onsite Server Support Necessary
With the data-centric nature of the financial sector, database use is through the roof, along with server storage requirements. Having sufficient onsite server infrastructure can be extremely difficult to manage and labor intensive to support. Hence, small to mid-sized financial companies, such as accounting firms and tax resource businesses, are moving to private virtual servers for their application hosting and data storage needs. Moving to the Cloud creates numerous advantages, not the least of which is making the need for onsite server support positively obsolete.
- Streamlined Support of Multiple Applications
Cloud hosting infrastructures are able to host multiple applications simultaneously. Generally, this support infrastructure is referred to as Desktop as a Service (or DaaS). These cloud computing capabilities streamline application installation and update processes, and many cloud-hosting services provide automatic updates and application management, absolving the need for consistent patching, updates, or upgrades.
- High-Level Security of Critical Information Systems
No one wakes up in the morning planning for a major data disaster, but there are days when the worst does happen. Also, for financial companies that handle business-sensitive or even confidential data, high-level security is at the top of their list. Cloud hosting services provide consistent backups, virus and hacker protection, and detailed disaster recovery plans. There’s no safer place for your data than in the Cloud, managed by a professional cloud hosting service.
- Around the Clock Mobile Access to Systems
Busy employees and traveling executives need consistent access to their data and systems on a regular basis. Cloud hosting makes this mobile access possible to a greater extent than onsite server systems would allow. Moving systems to the Cloud offers 24/7/365 access to applications, data, and servers. It’s as simple as finding an internet connection.
- Cross-System Compatibility
There’s nothing worse than working on a PC at the office, only to return home to your Mac and be unable to access your work environment remotely. Cloud computing technology has expanded to include cross-system compatibility, so employees are able to get their work done on whichever system that they prefer, or that is most readily available.
At our Cloud9 Real Time office, based in San Diego, California, we assist small to medium-sized businesses integrate their business operations with our highly cost-effective cloud hosting solutions. We handle our client’s moves to the Cloud, and we manage their Cloud-based technology services on their behalf. Our expertly executed cloud hosting infrastructure is what makes us one of the best in the Cloud space, especially in the financial sector.