Cloud computing has become a new rage in today’s fast paced economic scenario. Recent developments in the information technology are compelling all size businesses to exploit the benefits of cloud-enabled hosting solutions, such as resilience, data privacy, and efficiency. By moving their IT infrastructure to the cloud, conglomerates can bring agility to their business while achieving auto scalability, location independence, and cost effectiveness.

Today, companies are no longer obligated to allocate their resources for peak periods. The anytime anywhere feature of the cloud storage solution facilitates them to automatically access systems through the Internet, without any time and space constraints. In addition, the technology allows firms to improve data security by centralizing the critical business data and applications.

Let’s have a closer look to understand the major characteristics of cloud data storage solutions and how organizations are capitalizing on the benefits offered by this cutting –edge technology

According to a recent survey conducted by one of leading research houses, McKinsey, deploying cloud computing technology to create networked enterprises can foster better collaboration among customers, employees, and business affiliates. It is positively correlated with a company’s increase in market share.

The cloud-supported systems are known to enable enterprises to effectively manage their service delivery across manifold clouds simply from a distinct and integrated point of control. It also supplements businesses to have their own on-premises resources to meet additional capacity demands, leverage state-of-art infrastructural service offerings, and extend their geographic reach. The other characteristics include:

Elasticity: Cloud capabilities can be swiftly and flexibly provisioned in line with an organization’s changing business requirements. In addition, it can optimize a business by paying only for the IT resources it has utilized over a period of time. This, in turn, reduces its upfront capital expenditure and operational expenses.

Resource Pooling: This is one of the main advantages of deploying cloud solutions. The service vendors can pool computing resources like storage, network bandwidth, virtual machines, and memory to serve a wide range of customers with diverse virtual and physical resources that are vigorously assigned & reassigned in proportion to the user demand. In this scenario, subscribers have not much knowledge or control over the precise location of the resources provided.

Wide Network Access: Cloud computing capabilities are accessible over a wide range of networks. They are available via standard mechanisms, which promotes use of multiple client platforms, such as and personal digital assistants, laptops, mobiles, etc.

Moreover, the emergence of cloud technology has empowered enterprises to safely automate their data storage across remote locations while ensuring faster accessibility and better security.