In order to navigate today’s challenging economic climate, businesses are constantly looking for ways to do more with less, to increase productivity while minimizing costs. And that’s precisely why more of them are migrating their computing resources to the cloud.

In fact, recent research indicates that global end-user spending on cloud computing could grow to $180 billion as soon as next year. On top of that, U.S. businesses alone are projected to spend more than $13 billion on cloud computing and managed services this year.

Both figures point to the same conclusion: The cloud is no longer an emerging technology. Rather, it’s the technology of today, and more importantly, the technology of the future. Here are three reasons as to why that is:

• The cloud allows businesses to transfer CAPEX to OPEX. Cloud computing allows you to forego forking over precious capital dollars to purchase the equipment and infrastructure necessary to power your business. Instead, you’re able to receive that equipment and infrastructure delivered as a service through the cloud, treating them as operating expenses.

• Cloud computing provides businesses with versatility. We live in a world where business is increasingly done outside of the typical hours of 9 a.m. and 5 p.m. But you can’t be in the office forever, and you can’t expect your workers to be either. The cloud allows your employees to access the tools they need to do their jobs no matter where they happen to be, so long as an Internet connection is available. That versatility enhances productivity immensely.

• With the cloud, you pay for what you use, and you use the latest technologies. The cloud is extremely scalable, meaning that your organization will never have to pay for more computing resources than it needs. You’re also able to constantly leverage the latest technologies, as you won’t have on-premises infrastructure that you feel compelled to use for the entire duration of its useful life. Rather, you’ll be renting that technology from a provider.

The power of the cloud doesn’t stop there. Curious to learn more? Setup a no-risk free consultation with an Axiom Team Member here.