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How Can Cloud Storage be the Future of Crowded Marketplace?

By CIOReview | Friday, August 14, 2020

In the twists and turns in the current business environment brought about by the pandemic, the shift towards cloud services might be the one to stay.

FREMONT, CA: Cloud computing helps businesses bypass onsite infrastructure costs by hosting databases or software on distant servers instead of accessing the internet. Coupled with the everything-as-a-service economy (XaaS), working in the cloud has become a hallmark of the virtual age. Companies want to ensure that business continuity without the need to invest in additional hardware is done; this is where cloud services come in. Even in the occurrence of an unfortunate event to the data center kept on the premises, cloud services can help the business continue functioning without having to make an expensive call to rebuild their on-premises infrastructure or deal with the loss of data.

Matters of Security

The most crucial concern with cloud solutions is data sovereignty and cybersecurity. As data is a business asset, companies need to protect access to it. Cloud platforms are vulnerable to various security risks like data breaches, malicious software, phishing, or identity theft. This might put sensitive data in the hands of the hackers or crash the cloud systems. The policies and data protection system may vary from provider to provider, and it is the job of the company to find a way to align this with their security protocols.

Complexities of Cloud Migration

While shifting to cloud migration, companies will have to navigate the operational and data complexity carefully. Businesses run through teams, and these teams have to work in sync with each other. Data complexity poses another challenge to the companies as they host data on-premise, or public cloud, or a combination of both known as the hybrid cloud. They can also leverage cloud services from multiple service providers, known as multicloud so that their data is distributed throughout vendors and not locked by one. The companies can also combine these two frameworks to employ a hybrid multicloud approach for data management.

Choosing the Right Cloud Vendor

Every cloud option available cannot be perfect for business, and finding the right combination, which is cost-effective, secure, and solves business problems, needs balanced decision-making.

See Also: Top Cloud Consulting/Service Companies