Top Document Management Companies: Choosing the Right Partner for Your Business
Nov 08, 2024
Over the last few years, technology has grown exponentially and has kicked off everything under its hood. Cloud technology picked up wings somewhere around five years back and has soared higher with every passing year. Cloud storage provides a new architecture for businesses looking to improve efficiency and agility. Yet, new isn’t always better. While cloud storage certainly offers benefits to many businesses, some still are of the opinion that using local storage – or a hybrid mix– is a more effective solution. Here in this article, we will discuss how the pros and cons of cloud and local storage and how to choose which is the best choice for your business.
Cloud Storage: Pros And Cons
1. Data Retrieval: With the use of cloud storage, an organization can access its data from anywhere anytime support work from home initiatives and business agility.
2. Collaboration: It allows teams to work together with higher efficiency.
3. Disaster Recovery: Cloud storage serves as a backup for data protection during disasters and calamities.
4. “Green” Business: Businesses that switch to cloud computing can eliminate energy consumption by up to 70%
5. Increased Capabilities: Virtualization, web applications, collaboration tools, disaster recovery solutions, centralization, data protection, and security protocols are all available to cloud users.
Challenges of Cloud Storage
1. Security: IT teams are yet not able to use cloud storage services for small business to ensure the complete security of sensitive data.
2. Host Trust: Risk management experts have a view that teaming up with a cloud provider makes you rely on them for availability and security.
Local Storage: Pros And Cons
Benefits
1. Speed: Accessing data stored on local storage is quick when compared to uploading and downloading it to and from the cloud.
2. Security Controls: You have complete control over how the data is stored, who has access, and information security protocols.
Challenges
1. Accessibility: Complete control over data storage interferes with accessibility which impacts usability and collaboration.
2. Cost: Local Storage is not cost-efficient as hardware infrastructure is not cheap and upgrading just increases the same.
3. Backup/DR: Local Backups have the potential to be destroyed in an on-site disaster leaving an organization vulnerable to risks of data loss and sabotage.
Decisions of technology choice for your business can be only made in alignment with your business goals. Many organizations thrive with Cloud storage services for records management since it is easy to use and maintain, but a good number of businesses out there feel a hybrid IT solution fulfills most needs. Using on-site local storage for certain tasks and backing up to the cloud is a particularly useful hybrid storage deployment.
