A recent O’Reilly survey shows that 25% of businesses plan to move all their applications to the cloud within the next year. More and more businesses are leveraging the many benefits of the cloud including cost savings, increased security, greater flexibility, and increased performance. But if you’ve decided to move your important business data and applications to the cloud, you should also have a comprehensive application migration testing strategy in place.
Cloud-based solutions have become an important part of IT for organizations as they ditch traditional server rooms for virtualized IT infrastructure. But many companies still need the security that comes with an on-site data center. Now, they’re looking at hybrid cloud technologies seeking to maximize the benefits of both the public and private cloud.
Gartner reports that global spending on cloud IT infrastructure is expected to reach $104 billion by 2024. This comes as more and more organizations leverage the benefits of the cloud including optimized IT costs, increased security, and reliability. In fact, over the last decade, many businesses have moved from physical on-site data centers to virtualized data center solutions as server virtualization has become an industry-standard practice.
Infrastructure as a Service (IaaS) is a cloud-based service that delivers processing power, storage, and network infrastructure to businesses on an as-needed basis. It is a scalable alternative to a traditional data center that allows businesses to avoid the cost of provisioning and maintaining their own physical IT infrastructure.
Desktop as a service (DaaS) is a cloud-based solution for deploying virtual desktops to end-users. The virtual desktop infrastructure (VDI) is hosted by a third-party cloud provider who handles the deployment, management, and maintenance from their data center. Virtual desktops can be deployed to any location and various types of end-user devices.
The number of 'as a service' platforms has increased rapidly in recent years, after starting with the basics, like Software as a Service and Platform as a Service. With this trend, saying 'Anything as a Service' doesn't seem to be an understatement. Hidden in this long list of 'aaS' providers are many services you can use to keep your business more competitive. What's so great about so many "as a service" programs is that you're able to access various business functions through the cloud 24x7.
Cloud adoption by financial institutions has been on the rise. According to PwC, by 2020 core financial services like credit scoring, statements management, payments, and billing will use the cloud for processing and computing. From retail banking to collection agencies to asset management and investment banking, the cloud provides many use cases to bring scalability, cost savings and higher security to financial institutions.
The largest financial institutions have already adopted cloud technology. But it’s not just the J.P. Morgan’s or Bank of America’s of the world. Smaller financial institutions are finding the same benefits in cloud computing and cybersecurity practices that enterprises are leveraging. Here are 7 reasons financial institutions need cloud computing and cybersecurity.
1. Cost Savings
Financial institutions are leveraging the cloud to move IT operations to an operating expense model (OpEx). IT hardware and underlying infrastructure is expensive, and financial institutions are concerned about the rising costs associated with running data centers. Additionally, on-premise data centers are difficult to scale, and any growth requires large capital expenditures. Instead, hybrid cloud strategies allow banks and collection agencies to safeguard mission-critical data in the cloud without the high cost and maintenance that typical on-premise centers come with.
In today’s digitized world, cyberattacks are inevitable if businesses aren’t proactive in their protection. Regardless of business size, it’s only a matter of time before organizations become victims due to the absence of cloud computing and security solutions. In fact, 81% of cyberattacks affect small to medium-sized businesses, simply because they lack cloud knowledge.
Topics: Cloud Computing, Backup, Cloud Security, Cloud Storage, healthcare, Cybersecurity, SIEM, Intrusion Detection and Prevention, Office 365 Backup, Cloud Solutions, Identity Management, Security as a Service
Imagine the following scenario. You’re sitting at a coffee shop, getting some work done. While you look away, someone comes by and steals your computer. You probably wouldn’t be too happy about this; that computer is worth a lot of money, and you need it to get important things done. Now what if you’re sitting at a coffee shop, getting some work done, and instead of stealing your computer, someone in the coffee shop is stealing information about what you’re doing? What could that data be worth?
Businesses today face new challenges, many of which didn't exist a decade or two ago. Disruptions in traditional supply chains, as well as slimmer margins, are pushing businesses to find intelligent ways to meet their operational needs, including with regard to telecommunications. UCaaS, short for Unified Communications as a Service, addresses these concerns.