Enterprises around the world would be wise to heed 50 Cent’s mantra ”Get Rich or Die Tryin’” when considering the implications of not “getting” to the public cloud. We at Cocolevio, an implementation partner of Mooor Insights & Strategy, estimate that over 50% of IT spend will be going to public cloud vendors such as Amazon Web Services or SaaS vendors like Salesforce.com Inc. by 2019. This means there is around a $140B opportunity in this space. The cost savings, reduction in capital spending, speed to market, flexibility and global access derived from public cloud mean those enterprises that effectively use the public cloud are better positioned to “Get Rich” than their competitors who have higher cost structures and less nimble IT platforms. This trend is only set to continue as the business case for moving to public cloud only becomes more compelling, with the traditional arguments against public cloud around security and lack of control diminishing. Vendor lock-in will continue to be a concern but we see many companies willing to sacrifice a bit of lock-in for the many, many benefits of public cloud.
With this in mind, it is prudent for any CIO to have a migration strategy to the public cloud. It is now generally accepted that at least some workload and functions of an organization will need to be moved in order to be competitive. Recently, the poster child for Amazon Inc., Netflix Inc. announced that they closed their door on their last datacenter. Although by no
Cloud computing has set a trend in the information technology arena that has sparked the interest of all who utilize the internet on purpose and unsuspectingly. Initially, the primary purpose of cloud computing was to provide a centralized data bank that organizations could use for quick data access. Its use has been quickly adapted, however, beyond business use to become the first option for personal use. The advantages and disadvantages of implementing such a shift from business to personal are varied, yet, statistically, according to the CISCO Global Cloud Index: Forecast and Methodology, 2014-2019 White Paper, its public use is on the rise. The report notes that “by 2019, 56 percent of the cloud workloads will be in public cloud data centers, up from 30 percent in 2014 and by 2019, 44 percent of the cloud workloads will be in private cloud data centers, down from 70 percent in 2014”. Though disadvantages with regard to data security is prominent, users have deemed that its implementation will still promote greater benefits than loss.
Cloud Computing has radically changed the way businesses and consumers leverage technology both professionally and personally. Unlike traditional solutions, cloud-based solutions have not only accelerated the process of IT deployment and process execution but also reduced the burden of ownership to companies. My experience at Infosys Ltd. has acquainted me with this facet of Cloud Computing and given me a chance to work with one of the most innovative company in this field, Salesforce.com.
The majority of us have been found out about the most cloud security disappointments in which all the cloud innovation organizations are kept on developing, despite everything they endure a similar kind of issues in-house infrastructure's. Distributed computing has turned into a greatest market in the present innovation. In a report of 2016, experts at Gartner anticipated that exchanging to cloud will influence $1 Trillion in Information innovation in the following five years. Cloud administrations showcase has developed to a degree level that it was not a striking level of aggregate it is spending, which was creating new innovations and new businesses which are conceived in the cloud. At the point when cloud administrations are going
With each successive generation of computing technologies, the balance of computing power and economics shifts farther to the side of the line-of-business user, away from the centralized Information Technologies (IT) systems departments that have ruled companies for decades. IT Departments and those who lead them, the Chief Information Officers (CIOs) who have had exceptional power of the demand and supply of IT resources, are actively being challenged today by the shift towards abundant supply of computing power cloud computing makes available (Middleton, 2012).
The public cloud is a deployment model where cloud services are provided over a public network, such as the internet, by a third-party provider. Examples of public cloud services include Dropbox, Gmail and Twitter. By definition, most SaaS applications operate under the public cloud deployment model. One of the primary advantages of public cloud is its attractive pricing model. The organisation is typically charged a subscription fee for access to the cloud services, paying only for the number of users required, this removes the need for business to manage software licences (Savvas [Online], 2014). However, security conscious organisations requiring a SaaS solution may opt for a private cloud segregated from public networks. There are obvious security concerns involved in exposing a SaaS application to a public network. However, there are concrete steps an organisation can take to reduce the risk incurred with public cloud deployments. Many public cloud SaaS providers offer two-factor authentication, requiring an additional level of verification before the user’s credentials are accepted. This is typically achieved using an authentication code in the form of a text message sent to the user’s registered mobile number. Furthermore, organisations should develop and maintain a culture of cyber security, enforce best practices such as creating strong passwords and training staff in phishing awareness.
Whether it’s called Cloud Computing or On-demand Computing, Software as a Service, or the Internet as Platform, the common element is a shift in the geography of computation. When you create a spreadsheet with the Google Docs service, major components of the software reside on unseen computers, whereabouts unknown, possibly scattered across continents. This affects all levels of the computational ecosystem, from casual user to software developer, IT manager, even hardware manufacturer. Recently, a lot of vendors have started talking about “cloud computing” in their marketing materials. Citing a research published by Merrill Lynch entitled “The Cloud Wars: $100+ billion at stake,” Merrill Lynch has estimated a $160- billion addressable market opportunity, including $95- billion in business and productivity applications, and another $65-billion in online advertising for Cloud Computing. But the main question is whether the users are ready to give up using services on their local machines and shift to the Cloud since shifting to cloud computing has both advantages and disadvantages for all possible users; nevertheless, they may have different level of importance for different users
Cloud Computing has the potential to save a lot of money for the company. Cloud Computing is defined by NIST as “a model for enabling ubiquitous, convenient, on demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.” (Mell, 2011) This means that instead of worrying about maintaining our own facilities we can pay monthly for a cloud service provider to do that for us. They will take care of all the
The triumph of the public cloud- I ranked this trend first because I believe it is one of the most advanced and talked about topic in tech world in present year. This controversial topic is creating buzz all over the world. With advancement of technology, various tech companies have increased their effort to provide a free cloud storage system. Eric Knorr also listed this topic as a number one tech trend in his list. I believe this topic itself is one of the major challenges for public and private companies in term to provide certain product which not only is hard to maintain as well as complex and costly to generate. IT Companies can shift their fundamental competitive landscape by fabricating a new platform which will help to create and deliver values businesses have to its stakeholders (IBM, 2012). The cloud based storage can be used by companies to generate Enterprise data which can be used as various decision making and evaluation tools. (Stair and Reynolds, n.d.)
Cloud computing is an emerging Information Technology (IT) model whereby a company utilizes a pay-per-use service for it computing needs rather than maintain a local data center run by its in-house IT department. By treating computing resources as a commodity or operating expense, it allows firms to focus less on IT and more on the core elements of the operations strategy. Because of advantages like this, its popularity has grown exponentially in recent years. However, cloud computing also has certain inherent risks in its present form. This paper seeks to understand the key advantages driving businesses to adopt this computing model in ever increasing numbers,
The greater part of us have been caught wind of the most cloud security disappointments in which all the cloud innovation organizations are kept on developing, despite everything they endure a similar kind of issues in-house infrastructure's. Distributed computing has turned into a greatest market in the present innovation. In a report of 2016, investigators at Gartner anticipated that exchanging to cloud will influence $1 Trillion in Information innovation in the
As the bank businesses grow rapidly, the amount of information and data in bank grow in multiplicative nonrepresentational times. This demand high data storage capacity and reliability. Presently, most commercial grade banks majorly adopt two types of storage applications namely NAS (Network Attached Storage) and SNA (Storage Area Network). NAS always uses the same network as applications use, which can easily cause final congestion and on the other hand, SNA uses physical infrastructure that are too expensive for banks to spend[10].
As businesses have noticed over the last decade the initial cost of storage and bandwidth continue to diminish rapidly. As a result the offerings of Cloud-based services have become more and more attractive to businesses which are seeking to reduce their software licensing costs. It is now coming into the light that the Cloud provides businesses with cost-effective alternatives, organizations need to be cautious and not fall into the ‘all Cloud’ solution trap. We all know that there is no one-model-fits-all and rather than jumping out of the pan and into the fire into the Cloud, Organizations should investigate and plan how they can maximize the benefits of their existing set-up
Many concerns pertaining mostly to public cloud services restrain the movement of the organisation towards this new business model and gaining benefits aforementioned. Moving to cloud computing services means renting off-premise IT resources that are managed by the cloud provider. This raises several questions and concerns such as: what are cloud providers ' procedures to
Distributed computing has turned into a massive market. In a 2016 report, investigators at Gartner anticipated that the move to the cloud will influence more than $1 trillion in IT spending throughout the following five years. "Cloud-first strategies are the foundation for staying noteworthy in a snappy paced world," said Ed Anderson, investigate VP at Gartner. "The market for cloud organizations has created to such an extent, to the point that it is as of now an extraordinary level of total IT spending, making another period of new organizations and 'considered in the cloud' providers." In their hurry to take part in this tremendous market, sellers have rushed to tout cloud triumphs. Their locales are stacked with logical examinations
With the creation of cloud computing it has made private businesses able to implement fast adaptations and changes to the computing environment that they are using. However, in the larger public sector, issues of security tend to hold back these companies not allowing them to adopt