Companies need computing power. They may not have the funds for this, which is where cloud computing comes into the picture. Companies are also able to save money, even if they can buy their own equipment. Using the cloud allows companies to save on salary costs, as they do not need to hire additional people to keep the equipment running. Storage, additional computing power, and centralized retrieval areas are all helpful in a growing company.
Imagine developing a company app, but the people who can help with this are all over the place. One part of the team might be in Las Vegas. This is why cloud storage helps. They can work on the project, while using version control, and everyone still has access. This can work on all types of software. It allows companies to not have to have a centralized area for their development department.
Companies these days are getting into big data. They need good computing capabilities to be able to run the software for this. If they are unable to buy the equipment necessary, they can reach out to a company to compute via the cloud. This will allow them to bring in additional power they might have to worry about finding. They do not have to worry about taxing their system this way. It opens doors to companies with smaller budgets.
Cloud computing opens doors that companies did not always have. They were slowed because they did not have the resources of their bigger competitors. With companies able to to do this, there is a parity that is starting to happen. Computers and the internet have allowed for small businesses to have access to markets they did not have the money for before. Cloud computing allows for these same companies to store and work with data and programs that would have cost them far more then what they spend.