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Finding financial solutions in cloud technologies [Video]

At this point, cloud technology professionals are completely confident cloud technologies are here to stay. Not only have cloud-based technologies provided solutions to businesses in nearly every industry, the number of uses for cloud-based solutions is still growing. In addition to the sheer convenience of accessing business information from virtually anywhere, cloud technologies can help businesses streamline infrastructure processes, which can be extremely helpful when it comes to lowering business costs.

Big savings in the health care industry
Cloud technologies can help businesses in virtually every industry save on costs, but the health care industry serves as a great example of the successful use of cloud platforms. Not only do providers stand to save by using cloud platforms, but patients can as well. That’s why cloud technologies have taken off in the health care sector.

According to research professionals at MarketsandMarkets, the adoption of cloud computing in health care is likely to expand rapidly in coming years. This is expected as the cloud market in relation to this field has already increased dramatically of late. In 2015, health care organizations spent roughly $3.73 billion on cloud solutions, according to the source. In the next few years, Market researchers are predicting that number will triple, so that by 2020, cloud technologies in the health care industry will be worth almost $9.5 billion.

Providing smaller facilities larger opportunities
Due to budgetary confinements, there can be drastic drop-off in technologies available at medical facilities of different sizes. Cloud technologies, however, can help to level the playing field. With the increasing use of electronic medical records to store patient data, smaller facilities are having difficulty saving such information. According to the National Center for Biotechnology Information, the addition of cloud technologies can eliminate additional infrastructure and maintenance costs associated with housing medical data.