One of the main benefits the cloud computing technology brings is the flexibility. All the data is internet based and you can access it anytime from anywhere in the world. You can access this data from any device – computer, mobile, tablet etc. The security is provided via Multi-factor Authentication.
Next advantage is the cost. Using cloud computing technology is far cheaper than any other technology. You pay only for the resources used within the platform on a monthly basis. The reports showing usage are also available providing full transparency of resources consumed.
For more information about the Cloud Computing advantages read here.