How Managed Storage Services Can Impact Your Business Growth?

Businesses are turning to secure cloud storage, a computer data storage method in which a hosting company or application provider stores digital data on external servers in record numbers. Every business has its own unique reasons for moving, but we bet they don't know all the benefits of Managed Storage Services.

We've compiled a list of five of these benefits to show businesses, both Managed Storage Services users and those still struggling, that business growth is often directly related to the benefits of Managed Storage Services.

1. Safe storage for backups

Do you follow the 3-2-1 backup rule? This rule encourages companies to create three copies of their data, with the first two stored in two different types of storage and the third stored off-site. The idea is that even if a disaster like fire destroys two copies on-site, there is still a third copyleft to use.

Before cloud storage, these third-party copies were often stored on removable hard drives and stored in garages or storage lockers. While this is better than not having an external copy at all, it was not a reliable method of exposing data to theft or damage.

With cloud storage, the third copy of your data will be stored in a safe place outside the office. With just a few clicks to drag a copy of your files to cloud storage, you're done. No matter what happens to your computer, server, or office building, you will always have a reliable and trustworthy copy of your data.

2. Greater Security

Ensuring secure file sharing for businesses is critical. Take a look at the following statistics.

• 21% of the company's files are not protected.
• 41% of companies have more than 1,000 confidential files unprotected, including medical records and credit card numbers.
• 43% of cyberattacks target small businesses.
• The number of ransomware attacks grows by more than 350% every year.

In other words, companies have vulnerable files. They are being attacked. And the frequency of attacks is increasing.

But cloud storage can bring you closer to protecting against cyber attacks. The most secure file sharing platforms will provide an additional layer of trust. By taking care of your credentials, you can be sure that only you, approved team members, and clients can access files stored in the cloud.

3. Remote work

One of the most unique benefits of cloud storage is that employees can work remotely. When all your work files are stored in the cloud, they can be accessed from anywhere with an internet connection. This includes using your smartphone in the tropics, on a plane in the middle of the night, and from your living room couch on Tuesday afternoon.

Does remote work affect productivity? A Stanford study found that home-based workers actually showed productivity gains over traditional employees of the same company. They were also less distracted and less likely to get sick.

A remote work permit can increase the attractiveness of a company to new job applicants, reduce employee turnover, and boost morale, which is one of the many benefits of cloud storage.

4. Higher productivity.

Cloud storage frees up a ton of space on office computers, allowing them to run much faster. Even if you save a minute a day during latency, a company with 500 employees can suddenly get more than 2,000 hours of work a year by increasing the speed of the computer with cloud storage.

But that might just be the tip of the iceberg. The survey found that employees at companies with more than 10,000 employees spent an average of 38 minutes searching for a single document, asking their colleagues questions, using a company directory, or sending an email to the entire company.

With cloud storage, a simple search can find a document in seconds, creating a sudden flood of free time within the company.

5. Cost savings

The cost of managing back-end servers can add up quickly. There are three costs to consider. First of all, this is the direct cost of the server itself and any additional equipment. Direct costs also include the electricity, heating, and cooling necessary for the equipment to function properly. You also need to consider indirect costs, such as IT staff and technicians. The last cost to consider is the loss of performance in the event of a server failure.

It's hard to say what the average cost of running a server is, as there are several variables to consider. But when you store your data in the cloud, you always have the exact number that the accounting department will record. The ease of paying a storage fee is a relief, especially when it is less than the total cost of storing data internally.