Why cloud computing is effective for companies handling large data analysis projects

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Why cloud computing is effective for companies handling large data analysis projects

Deciding whether or not a business should deploy a managed IT service to remotely handle data via cloud computing can be a difficult process. While the benefits of using the cloud are clearly abundant, a wise business owner has to be very careful that shifting data services to a third-party server is the right choice for the company. For example, in certain situations a company may lack the resources to see significant benefit from remotely managed data or experience other obstacles that prevent cloud storage from being used to its full potential.

However, regardless of how trying this decision may be for some businesses, there are several types of companies on the marketplace that would undoubtedly experience marked benefit from deploying cloud services.

Companies that process large pools of data are one often-cited example. In a 2009 article featured in Inc. Magazine, Michael Fitzgerald, a technology and business expert, describes the circumstances under which TC3 Health, a claims management solutions company located in Irvine, California, moved their operations to a managed IT service.

According to the article, TC3 was asked to use its own internal resources to analyze more than 20 million dated records for an insurance company on a one-off basis. After TC3’s staff discovered they could save their client $20 million, other similar projects began to turn up. However, the article mentions that had TC3 attempted to process all that data internally, it would have needed to spend $1 million to expand its in-house IT network.

Due to this high estimated cost, the article reports that TC3 decision makers instead opted to store the data remotely for roughly $200,000, which allowed the company to process large customer projects faster while using the same interface.

For companies that similarly have to process large data banks, business owners and decision makers should consider speaking with a provider of VoIP telephony systems. Many of these businesses are able to offer cloud computing solutions and can help a business conduct a cost-benefit analysis to determine whether remotely managed data is appropriate.

Article on: Why cloud computing is effective for companies handling large data analysis projects

by CTI Technology

Deciding whether or not a business should deploy a managed IT service to remotely handle data via cloud computing can be a difficult process.

By | 2012-02-13T16:27:46+00:00 February 13th, 2012|Data Solutions|0 Comments

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As Chief Executive Officer of CTI Technology, my responsibility is to create an organization that transcends in employee culture, vision, and market positioning in a rapidly-changing technology industry. My passion is to guide and come alongside new leaders, helping them become tomorrow’s rock stars. My life’s mantra is to MAKE IT HAPPEN; I will do just that.

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