As it continues to gain ground over local data storage, cloud computing gives individuals and businesses the ability to easily store and share data over the internet. And while a public cloud has better served the majority of businesses in the past, utilizing a private cloud has been shown to have tremendous benefits for certain types of industries.

For instance, companies with a bevy of sensitive data might be more interested in a private cloud because of its increased security. Public cloud, however, is much more cost-effective.

But what if you could reap the benefits of both private and public cloud?

Enter: hybrid cloud

Gone are the days when businesses were forced to choose a data storage system that could potentially limit them.

A hybrid cloud allows a company to leverage the economical qualities of a public cloud against the confidentiality of a private cloud.

In fact, some industries have already begun to take advantage of hybrid data storage.

Many in the legal, health care, financial, and retail sectors use this type of cloud deployment more often than other industries.

Here’s why:

Hybrid cloud structures offer the privacy needed to protect resources like stock trade data, patient information, legal documents, and sales information, while also giving companies the ability to safely expedite the transfer of the material if needed.

Also, as heavily regulated industries, such security is necessary to maintain compliance with governing associations like the HIPAA and the SEC.

So what about other industries?

Does a hybrid cloud benefit them as well?

According to research conducted by Rackspace, companies have the potential to lower overall IT costs by an average of 17% by connecting on-premises data to cloud components.

Additionally, hybrid cloud models help businesses grow through access to more resources.

This, in turn, allows companies to implement new technologies faster and stay innovative in a competitive market.

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