When you decide to bring a new technology into your business, you’d like to shorten the time it takes between decision and usage of said technology. Here’s a great way to shorten that road: use hardware and other systems that are already set up and fully managed, instead of buying and configuring your own. The Infrastructure as a Service (IaaS) technology model is widely used across all industries in Canada. In fact, the IaaS market is projected to reach US$2.16bn in 2022. Revenue is expected to show an annual growth rate (CAGR 2022-2027) of 14.82%, resulting in a market volume of US$4.32bn by 2027. So why have so many businesses embraced this managed infrastructure model? Read on to learn why:
1. Faster implementation is of the first benefits you notice when you opt for infrastructure as a service (IaaS), but it won’t be the last. Consider these other advantages of putting your hardware in the cloud instead of your office.
2. Highly specialized server expertise
Cloud service providers (CSPs) employ experts who diligently care for servers – and their customers’ data and applications – full-time. They use their expertise to monitor the infrastructure to ensure that nothing fails.
3. Enterprise-grade security
Few companies outside the cyber security field specialize in data security the way CSPs must. They apply best practices to every facet of security, from multiple physical access controls to sophisticated malware defenses. As a result, client applications and data enjoy better protection than they would if they resided in client offices.
4. Enterprise-grade redundancy
CSPs design their infrastructure to ensure redundancy at every level. Redundancy means that, even if a component (a router, a server blade, an Internet connection) in the CSP’s infrastructure fails, customers never lose the services they pay for.
5. Effective backup options
Backups are key to ensuring that your data is recoverable in the event of a ransom attack or even accidental deletion. CSPs offer value-added services such as fully managed Backup and Disaster Recovery, and S3 compatible object storage. It’s a cost-effective way to protect data with a more simplified billing and support model.
6. Disaster recovery
Rather than work from data based in the cloud, certain customers choose to house their disaster recovery solution in the cloud for premise-based servers. Should regular service be lost, the customers can quickly restore infrastructure in the cloud, keep access to critical data and services, and keep their businesses in operation.
7. Reduced IT expenses
Consider all the up-front and ongoing costs of new systems: servers, software, operating systems, electricity and cooling, staff to manage these assets, and so on. CSPs enable you to share many of these assets and related costs with their other clients, subject to your requirements. You pay an amount that more closely matches the computing capacity, storage and expertise you need.
To stay competitive, CSPs continually upgrade their infrastructure to keep their technology current. Their customers benefit from the latest technology with none of the attendant additional capital costs.
8. Flexible capacity
You can quickly add or subtract computing capacity as your needs expand or contract. This technical flexibility means your computing dollars pay only for the cycles you use. This elasticity also allows you to set up trials or demos in the cloud, then tear them down when you no longer need them.
9. Easier budgeting
Fitting recurring fees for cloud services into an operating budget is easier than squeezing a project cost into a capital budget. And unlike project costs that can spiral out of control, monthly fees remain stable and predictable.
How HostedBizz can help
Interested in the business benefits of choosing IaaS over premises-based computing projects? HostedBizz infrastructure services are all based in 100% Tier III Canadian Data Centers. Book a call with us to better understand how IaaS can help you run your business more smoothly and profitably.