Global
data generation has increased at an unprecedented pace over the last couple of
years. With growing digitization expected to further accelerate this growth,
storing critical business data physically can pose several challenges to
enterprises. Physical devices can only store a limited amount of information
and frequently require a costly and time-consuming upgrade of the storage
infrastructure before any more information can be saved. Business information
stored in physical storage is also vulnerable to security breaches,
cyber-attacks, tampering, theft, and device malfunctions, which can lead to
data being lost, damaged, or compromised.
Online storage services offer a much-needed
alternative to physical storage infrastructure by enabling enterprises to store
as much business data as they want, directly on the cloud. This does away with
the limitations of, and the dependence on, physical hardware for storage
purposes. By eliminating the need to frequently upgrade their in-house physical
infrastructure, online storage services enable organisations to circumvent
associated business disruption and cost overheads. Leading online storage
service providers also employ robust cyber security measures to ensure that the
information stored on the cloud remains well-defended against potential attacks
and breaches.
Furthermore, since data is stored across an
interconnected pool of shared computing resources, data remains protected
against loss or damage caused due to something as common as device malfunction.
One of the biggest advantages of availing online storage services is that
information is accessible and available to authorised business users at all
times, across multiple devices and platforms. All of this provides a big boost
to enterprise-wide productivity and profitability.
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