A significantly large amount of data is generated on a daily basis, a lot of which has pertinent business value. That means the storage capacity required to handle this information needs to be quite large. Many companies are now turning to cloud service providers to take care of these needs. The good news is that the amount of data that can be stored on these deployments is increasing, according to Midsize Insider​ contributor Marissa Tejada.

Another important point for businesses is that there are plenty of vendors in cloud computing, cultivating a great deal of competition among service providers and further reducing the already favorable costs of enterprise cloud solutions. Companies are also able to use the cloud for many things, including storing and analyzing the vast amounts of data that they take in.

"The pace of business is changing due to mobility and the deluge of data with which firms of all sizes must deal to remain competitive," wrote Tejada. "Midsize firms that invest in the right kind of cloud technologies with the help of experienced vendors will ensure that they can store their data securely and at a price point that a growing firm can handle."

The logistics industry is just one area of the commercial sector that is seeing cost-effective use of cloud technologies. SHD​ Logistics editor Peter MacLeod talked about why the cloud can be a boon for logistics companies.

The cloud can reduce the amount of money spent on IT, thanks to robust features that can make computing and storage processes easier. Many offerings also provide self-service capabilities that allow users to make changes to solutions when needed. The scalability of the cloud is also an important benefit, as those companies make provisions for when cloud services need to run at peak performance.