Many people think of cloud computing strictly as a solution that involves entrusting third parties to manage their business data, but this is only one aspect of the cloud. When you pay for an Office 365 subscription, for example, you are using a public cloud solution and trusting Microsoft with your data.
The Benefits of Cloud Computing for Local Businesses
As a business owner, you certainly want to embrace cloud computing, but your choices are not limited to public cloud services. Private clouds, also known as self-hosted cloud networks, are often used by companies that manage sensitive information. Law firms, private investigators, providers of financial services, private security agencies, and concierge desks are some of the companies known to adopt self-hosted solutions, and the reason they do so is because they want to have full control of their data.
Other companies that often opt for self-hosted cloud solutions include medical and dental clinics as well as vendors that fall under the compliance purview of the Health Insurance Portability and Accountability Act. The detailed audits that are part of HIPAA are easier to comply with when health records and other patient data are kept on premise and secured with file locking, encryption, and access control features.
Another reason some California companies choose self-hosted cloud solutions is related to the new General Data Protection Rules of the European Union. If your business deals with European customers, vendors or employees, adopting GDPR security measures may be easier when you have full control of your private cloud network.
Cost Factors to Consider With Cloud Services
Depending on your business IT requirements, the cost of running your own cloud could be less expensive than a public solution such as Dropbox for business. Data storage is determined by the cloud server installed, and you can advantage of advanced features such as file sharing, online collaboration, two-factor authentication, remote access by means of mobile devices, smart backup support, strong encryption, commenting on files, customization of workflows, synchronization, and more.