As the Artificial Intelligence ( AI) is gaining its popularity day by day, small, medium, and large organizations are increasingly moving data to the cloud. With a lot of applications being exclusively developed for storing and managing data in the cloud, it is now everywhere.
However, there is still a huge section of naysayers, who think whether cloud data management is a good idea or not. This is because while cloud computing offers the advantage of being completely scalable and highly cost-effective, it poses some hidden costs and risks too. Therefore, it is essential to analyze the pros and cons of data migration and then strike a balance between the risks and rewards before migrating data to cloud according to your business requirements.

Advantages of Migrating Data to Cloud
Opportunities of migrating data to cloud are multifaceted and several organizations are already reaping the benefits of data migration to cloud. Following are some of the major benefits of data migration project.

Save Huge Data Storage Costs
Companies can forgo huge upfront investments on servers, PCs and other data storage devices by migrating data to the cloud. Therefore, when businesses move data to cloud they can safely store large amount of data without investing in IT infrastructure, which needs significant capital.

Increased Collaboration and Flexible Scalability
Data migration to cloud can offer immense benefits when businesses need to collaborate on a project. Data shared on the cloud can easily be accessed by various project participants and they can also work simultaneously on shared documents. Besides, cloud computing enables team members to log in and work from anywhere in the world.

Reliable Backup Facility
When data is on local servers or PCs, busy businesses often tend to neglect the task of taking regular back up of all the stored data. However, data migration to cloud offers a good backup behavior. Cloud providers offer superior data backup solutions and data management applications in cloud to ensure that the data is backed up regularly and is carried out to prevent any accidental loss of data.

On Demand Billing Model
Businesses can pay for exactly what they use and how much they use after migrating data to cloud. Further, companies can also benefit from timely upgrading software without any extra costs, as it is often done by the cloud service providers.

Superior Disaster Recovery
Data migration to cloud will make disaster recovery much easier, as the cloud systems are often set up to automatically back up data at regular intervals and recovering all the updated information in case of emergencies.