If your company isn't using cloud computing, it's living in the past.

Is your business still downloading software or running applications from a physical computer or server in your building? If so, you're living in the past. While this strategy was commonplace and widely accepted several years ago, it's no longer the most efficient way to run a business. In 2013, worldwide spending on cloud computing reached approximately $47 billion. By 2015 that number is expected to reach $70 billion, according to industry research analyst company IDC.

Why is cloud computing growing at such a rapid rate? In part one of our two-part series, we'll look at several reasons why:

1. Inexpensive

At one point, when you wanted to implement a new application, your company often had to purchase new equipment and licenses. It also had to spend on integration and consultants. With cloud computing, most of that is either obsolete or much less expensive. In most cases, you pay a monthly fee to operate in the cloud, which leads us to our next point.

What is this thing? Exactly. It's a computer. Make sure your company isn't living in the past. Upgrade to cloud computing.
What is this thing? Exactly. It's a computer. Make sure your company isn't living in the past. Upgrade to cloud computing.

2. Fast implementation

If you not only want to save money but make money quickly, turn to cloud computing. It used to take months to get a new application up and running. With cloud computing, you can begin to use the application almost instantly.

3. Flexible scalability

Pay for what you need and nothing more. With cloud computing you can increase or decrease the number of people using an application almost instantaneously. This makes it much easier to keep track of costs and get the most out of your application.

According to a study by cloud automation vendor RightScale, of roughly 1,000 individuals, 82 percent of enterprises have a hybrid cloud strategy. That's up from 74 percent in 2014. That number is expected to rise in the future, as well as those companies who solely rely on just cloud computing. Don't miss out on the cloud computing bandwagon. Make sure to transition your company today.