Without a doubt, cloud-based technology is changing the way the modern business world operates. As this technology grows and evolves, small to medium sized businesses (SMBs) are reaping the benefits.
Disruptive technologies have been changing the game in the IT world for the last decade. New trends emerge and it quickly becomes apparent that businesses need to adapt to survive. One of these disruptive technologies is cloud computing. Simply defined, cloud computing is the practice of "computing" over an internet connection. Chances are you are already using the cloud in one way or another on a consumer level. Do you use Spotify? Do you upload pictures to an internet repository like Photobucket or Flickr? Do you use social media, like Facebook, Twitter or Instagram? All of these are examples of cloud computing.
There are all kinds of strategies that businesses need to implement to be successful, existing across numerous different business functions. A key one that is commonly overlooked is a mitigation strategy.
Risk mitigation is the process of developing actionable insights that reduce threats to the overall well-being of an organization. Threats come in all shapes and sizes, from natural disasters to cyber-attacks. These threats can cause thousands of dollars in damage that is both physical and virtual. Thus, creating a mitigation plan will help to save you money, as well as improve your business continuity strategy.
Serverless computing is a complete misnomer. No, there is no such thing as true serverless computing. All computing can be traced back to a physical server. Even virtual servers are tied to physical servers via hypervisors. So what do professionals really mean when they talk about serverless computing? They’re really talking about cloud computing. Again, the name is totally misleading.
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 asset management and investment banking, the cloud provides many use cases to bring scalability, cost savings, and improved service delivery for financial institutions.
Everyone can relate to the frustration of a constantly buffering video on Netflix or Youtube. The video quality is poor and eventually you might give up watching altogether. This issue is normally a result of your laptop or phone trying to connect to a Netflix data center a couple hundred miles away from you. This large distance creates high latency, slow connectivity, and a poor experience for you as the viewer.
Moving to the cloud feels like a big change for some companies. Understanding the ins and outs of cloud computing and where your company can take advantage of the numerous benefits is often a difficult task. We asked you for your top questions on cloud computing and have provided the answers below!
Cloud services have evolved significantly since its inception over a decade ago; cloud tools and applications have improved in complexity as well as functionality, and there has been an increase in the number of cloud service providers. Furthermore, cloud services providers have expanded their repertoire of service offerings in response to a business’s needs; examples of some cloud-based services currently offered include Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and more recently, Security-as-a-Service (SECaaS).
We talk to many companies everyday who are in the early stages of moving to the cloud. They have done their research and understand the benefits of the cloud, they just aren't sure where to start. They are looking for guidance in executing the shift to the cloud.
Topics: Cloud Computing