Top 5 Cloud Computing Challenges and How to Overcome Them

In the present scenario, unlike conventional methods of accounting, businesses are looking for new and advanced technologies to gain the desired speed and efficiency. In order to remain ahead of peers, it is of super most importance to adapt to the latest technology and new innovations. To dispense advanced level services to customers, cloud computing is one of the highlighted technologies in the line. Cloud computing is one of the fast-developing technology. In simple terms, Cloud computing can be defined as, the use of various software and hardware services, to deliver a service over the internet.

There are numerous benefits of the cloud that includes scalability, cost-effectiveness, round-the-clock accessibility to the data, seamless collaboration, and more. Although the cloud provides a number of benefits to its users, there are many issues that may harm the hosted data of its users. These bones of contention may include security issues, cost, and IT support. To avoid any of the above mentioned or related issues, we have come up with this article that will help you to use the services of the cloud more effectively. 

Security is one of the essential aspects of the existence of the business, especially for the accounting and finance business. Earlier, lack of expertise or technology was an issue, but now data security has become a hot topic of debate. Cases of security breaches are on the rise and with the cloud, you don’t know where exactly your data is stored. This, as a result, raise many questions on hosting and data management. So, what exactly, businesses can do to make sure that privacy and security of their data is intact while hosting their data with a third party? 

It is recommended to verify that, whether your cloud vendor is following the required security measures, and complying with the required regulations. You can also check the reviews of already existing customers of the hosting provider, check whether they are experienced or not. 

A large number of companies waste around 40% of the cloud storage which can be easily reduced by careful planning. Often, IT workers or developers sign-up for cloud, which is meant to be used for a short period of time such as for tax season and forget to turn it back off. Therefore, to save your money and to utilize the cloud effectively, it is suggested to acquire space that you need to fulfill your business needs.

After security and expense management, a lack of resources is the third main issue that the company faces with the cloud. With time, companies are rapidly increasing more workloads to the cloud. To keep up with the technology and tools, companies are facing a tough time to adapt to these changes. However, many companies are taking steps to train their IT personnel and can also add cloud experts in their team to learn the new tools and to get more out of the cloud technology. 

Moving your business software to the cloud, shift the dependency of the company to the third-party service provider. Although, the cloud provides an innovative and fast way to grow the businesses, utilizing the services of the cloud implies that your performance is tied with your cloud vendor and in case of faulty services, performance of your business will also suffer. In the past few years, many companies have experienced outages. So, to avoid these problems it is suggested to make sure that the service provider has the right mechanism in place. Real-time access to data is also important to upload all information simultaneously. To check the quality of services that your technology provider will supply, it is suggested to go for a trial period, provided by most of the leading hosting providers.

Most of the companies are using more than one cloud, which may add-up confusion in the company’s already existing cumbersome processes. Companies are pursuing more than one cloud platform to fulfill their diversified business needs. To overcome these problems, it is suggested to train the IT team, train employees, manage the relationship between the cloud-vendor and your IT team, actively plan and maintain to avoid any type of confusion. 

In spite of the above-mentioned issues, the cloud still come-up as a technology that helps businesses to enhance their productivity. These issues can be easily resolved with the help of the right planning and an experienced hosting provider. So, simply navigate thoroughly about your hosting provider, before making your final decision to host your precious data to the cloud. As, with the right hosting provider, you can seamlessly run and grow your business.