We are living in an age of technological innovations which have come to revolutionize the way we interact, communicate, socialize and work. Change is the only constant in such a scenario and with every breakthrough, new challenges are born. One such challenge faced by global industry today relates to efficient management of data arriving from different sources. Technological advancements have made it possible to gather real-time data related to business processes, financial transactions, business-to-business interactions and customer interaction data among other things. To store and process these massive amounts of data is simply not possible with the help of conventional methods.
Usually, cloud-based services are offered by vendors who manage the physical infrastructure and provide online access to specific software or other computing resources to its customers. This remotely located physical infrastructure includes a network of servers and other physical resources, sometimes even spread out geographically. Anyone can buy limited access to specific software through cloud and scale up or down the resources in keeping with their needs.
This allows corporations to do away with the need to manage extensive physical resources and focus on the operational aspect and spend more time on improving their efficiency. Today, an increasing number of businesses prefer utilizing cloud-based services instead of managing on-premise infrastructure for meeting their specific needs. Cloud computing affords a host of advantages to users including increased levels of flexibility, scalability, ease of access and cost-effectiveness among other things.