As we know, the cloud is a platform that allows you to store and process data away from your personal device. The resulting information can then be presented to that or other devices.
This is not a new concept. It’s the way computing originated. Programs originally ran on mainframes, mirroring sessions to terminals throughout an organization. But these were expensive options. In the very early days of personal computing, businesses could only afford to provide CFOs and controllers with spreadsheet applications and $10,000 PCs.
Over time, technology improved, speed increased and costs fell. And just as these lowered costs helped usher the PC into the modern office, so too has the falling cost of cloud storage led to its widespread adoption. Since 2005, the cost per gigabyte of cloud storage has fallen from fifteen cents to less than a penny (see graph below). And the cloud has become a ubiquitous part of our lives, both personal and business.