What is Cloud?
Cloud, or “the cloud,” is a network of remote servers, hosted on the internet, that store and maintain data. Users can store data in these remote servers that are maintained by a provider and access it via the internet on a variety of devices and by many people.
How is data stored in the cloud?
Data storage in the cloud is defined in three ways: private, public and hybrid. A private server is one that a company owns and maintains itself. A public server is aa third-party provider that hosts multiple companies’ data. A hybrid is a combination of both, in which a private server uses public services.
Why should a company consider cloud as opposed to an on-premise solution?
There are a variety of reasons a company might choose a cloud solution over an on-premise one. However, these reasons will be determined by the characteristics of the company itself. Several aspects a company must take into consideration when debating between a cloud or on-premise ERP solution are:
- Return on investment