What Are the Benefits of Shared Storage? A Beginner’s Guide | Synopsys Cloud
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Cloud storage plays an ever-increasing essential role in the daily functions of many organizations. With more and more businesses leaving behind legacy on-premises storage, it is useful to learn the benefits of cloud storage for your organization.


What is Cloud Storage?

Cloud storage simply refers to a model for storing data on the internet through a cloud computing provider. This provider handles operational data storage as a service. Digital data is stored in logical pools in the cloud, which is owned by the hosting provider. The data is also physically stored on multiple servers in potentially multiple locations.

Cloud storage provides just-in-time capacity and costs, ridding organizations of the need to purchase and manage their infrastructure. Although each cloud provider has its own implementation and protocol, the performance, agility, and scalability remain the same regardless of which provider you choose.

On the cloud, you can access data through a computer service. These services can include a web server application API, a desktop application that uses the API, or a cloud storage gateway portal.


How Does Cloud Storage Work?

You can acquire cloud storage for your organization through a third-party cloud vendor that will own and operate data storage abilities. The process ensures your data stays accessible in a pay-as-you-go model.

Cloud vendors ensure the capacity, security, and durability of your data while you access it by relying on an API or traditional storage protocol. Furthermore, many providers offer services that assist in managing, securing, and analyzing your data regardless of scale.


What are the Benefits of Cloud Storage?

Transitioning your organization to utilize cloud storage provides a multitude of benefits:

 

Affordability

With the cloud, you do not need to purchase hardware, allocate additional capital for doomsday scenarios, or worry about additional storage. The provider takes care of these concerns. You can seamlessly add or remove capacity on-demand as opposed to purchasing new hardware. You can also tweak performance speeds and shift rarely accessed data to lower cost tiers, ensuring you pay only for the storage and speeds you require.

 

Accelerated Time-to-Market

Cloud storage enables the necessary storage available at any time during development. Particularly during intense development cycles, IT teams should focus on solving complex application problems rather than managing storage last-minute. 

 

Greener Operating

Instead of utilizing traditional on-premises infrastructure, cloud storage can significantly cut energy consumption by up to 70%.

 

Resource Efficiency

Instead of dedicating personnel and funds to storage maintenance tasks, you can offload issues to the cloud provider and free up resources. 

 

Hybrid Availability

If an organization seeks to retain some on-premises infrastructure, a mixture of on-premises and off-premises cloud storage can also be an option. You might want to implement a hybrid model for a multitude of reasons, including record retention laws, regulations, policies, disaster recovery, or continuity of operations. 

 

Durability

The benefits of cloud storage also include durability. Cloud providers offer storage capacity significantly faster than on-premises environments. They allow you to replicate data between regions at high speeds all while ensuring virtually constant uptime and availability.

 

Redundancy Options

With cloud storage’s ever-growing list of storage bucket locations, enterprises can store data in multiple locations automatically. Redundancy ensures fast response times, solid data disaster recovery plans, and ample backups.


Cloud Storage Requirements

When adopting a cloud provider, it is important to verify that your organization’s data is safe, available, and secure. You should store your data with backups in multiple facilities and on multiple devices. Spreading out your storage geographically prevents you from losing your data to natural disasters, operational errors, or other unexpected faults.

To fully experience the benefits of cloud storage, you must choose an appropriate cloud provider to ensure always-on uptime and accessibility for your data while balancing speed and cost. The provider should encrypt data both when at rest and in transit. Specific-user access and permissions should work just as efficiently as they do on-premises.


Synopsys, EDA, and the Cloud

Synopsys is the industry’s largest provider of electronic design automation (EDA) technology used in the design and verification of semiconductor devices, or chips. With Synopsys Cloud, we’re taking EDA to new heights, combining the availability of advanced compute and storage infrastructure with unlimited access to EDA software licenses on-demand so you can focus on what you do best – designing chips, faster. Delivering cloud-native EDA tools and pre-optimized hardware platforms, an extremely flexible business model, and a modern customer experience, Synopsys has reimagined the future of chip design on the cloud, without disrupting proven workflows.

 

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Synopsys technology drives innovations that change how people work and play using high-performance silicon chips. Let Synopsys power your innovation journey with cloud-based EDA tools. Sign up to try Synopsys Cloud for free!

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