Most of us are aware that technology can transform the way we do business. In the fast-moving world of today, the hard part often is first understanding which technologies do what, before we even think about incorporating them in our work lives.

Entrepreneur, investor, and tech-enthusiast Vinay Trivedi is here to help. In his new book “How to Speak Tech: The Non-Techie’s Guide to Technology Basics in Business,” the Harvard University-educated author demystifies a number of essential technical terms and technologies.

Read the following excerpt for Trivedi’s deeper dive into nine different benefits of cloud computing.

1. Wide accessibility and independence

You can access the application or data on any device connected to the cloud, so you are no longer tied to your physical computer to get what you need.

2. Backup

Because your data are stored securely in the cloud, if you drop your laptop in the bathtub or lose your tablet in the subway, the data is safe and sound.

3. Prorated pricing

Pricing is metered or based on usage.

4. Lower hardware costs

A lot of the computation is taken care of by the computers in the cloud, so you do not necessarily need the fastest computer with the most up-to-date hardware. All you need is a computer with reasonable Internet speed. You also don’t need to store all the information yourself, because it can all live on the cloud. 

5. Better performance

Because the cloud reduces the need for you to install feature-redundant programs, your computer has more free memory to work faster at other things.

6. Fewer maintenance issues

Because software lives on the cloud, you are a lot less likely to have problems of installed software conflicting with other software or newer versions of the same software.

7. Always have the latest version

When you visit a website, the version of the application you will be accessing will always be the most up-to-date version.

8. Easier group collaboration

With everyone on the cloud, groups can collaborate more easily. Think Google Drive and document collaboration.

9. Increased computing power

The computation power of a single computer is limited. On the cloud, however, processing power can be spread across the entire network.

Learn how a cloud-powered CRM can help transform your business by downloading this free e-book.