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Storing your data in the cloud: Heavenly or stormy skies?

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These days, people work on the go. Given that we work out of traditional workplaces, home offices and even on our phones, cloud computing might make sense for your business. 

What is cloud computing?

Cloud computing is the practice of using a network of remote servers hosted on the internet to store, manage, and process data, rather than a local server or a personal computer. Basically, your data lives farther away, but you can access it just as quickly. 

Cloud computing can help your business by:
 
•    cutting costs by reducing the need to spend money on information technology infrastructure; 
•    potentially eliminating the need to maintain hardware & software licenses;  
•    allowing employees to access data from anywhere on multiple devices; and
•    facilitating data sharing among team members in real time. 

On the other hand, cloud computing could pose risks unless you are confident that:

•    the service provider meets your required privacy standard;
•    procedures are in place to keep your data secure;
•    you have considered a backup in case data is lost or deleted;
•    your are aware how your data could be made available to others for tracking or advertising purposes; and
•    you understand the details of the service contract or you have reviewed the terms with your legal professional before you go all in.

For additional information, we recommend the Privacy Commission’s Cloud Computing for Small and Medium Sized Businesses. Here you can read in detail further considerations about privacy, security and legal implications.

Cloud computing can not only make your business run more efficiently, it has the ability to help secure your information when done right.