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.
Cloud computing is the delivery of business tools and applications such as databases, software, and servers, among others, across the internet. These tools and applications are hosted remotely in data centers located in sites far removed from where the businesses are located and are delivered to end-user devices when needed. As businesses increasingly appreciate the cost savings, easy scalability as well as work flexibility offered by cloud computing, there has been a significant increase in its adoption over the past several years. Up from $196 billion in 2018, the worldwide market for cloud-based services is projected to increase to $354 billion by 2022, with over 60% of businesses using the cloud in one form or another.
With the pandemic dictating business decisions and forcing companies everywhere to operate remotely, times are stressful and uncertain. Mobile workforce is inevitable for most businesses, which means organizations need to consider how they will maintain network security, provide easy access to essential information, and ensure their employees are properly equipped to work from home. In virtual times like these, the cloud is the saving grace for many businesses. Here are three cloud computing solutions for pandemic planning.
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
What is UCaaS?
Unified Communications as a Service is growing at an incredible rate; 29% each year. It’s not a single product or service, but instead it is a combination of technologies and features that create a seamless communications experience for your business. It includes integrating communications services, like instant messaging, voice, hosted PBX, mobility features, audio, desktop sharing, and much more. Unified communications removes the barriers among communications tools, effectively converging your devices so that you can access the same information on your laptop as you would your phone, desk phone, tablet, etc. Cloud service providers, like NewCloud, offer Unified Communications as a Service (UCaaS) as a cloud-hosted solution, integrating the above features across all of your devices. UCaaS presents businesses with a low cost way of accessing the latest communications tools all at once. Here are 5 reasons your business needs a hosted unified communications strategy:
Over the past several years, cloud computing has seen wider adoption within the manufacturing industry as manufacturers increasingly realize the benefits of a cloud-based services. One key aspect of manufacturing that has been transformed by the implementation of cloud-based processes is the global supply chain; cloud computing has enabled manufacturers to better manage and streamline their supply chain. In 2016, the global market for cloud-based manufacturing was worth $111 billion; by 2020, this market value is expected to increase to $216 billion. In addition, it is expected that nearly 50% of all manufacturers will use cloud-based services and applications by 2023.
Topics: Cloud Computing
Cloud computing, once used primarily in technology and technology-related businesses, has been increasingly adopted by businesses in non-technology related fields. In fact, one of the sectors that has seen a huge growth in cloud computing adoption over the past several years is education. Educational institutions are rapidly ditching traditional classroom-based learning systems in favor of cloud-based systems and strategies. It is estimated that between 2017 and 2021, the cloud computing market in education will grow at a Compound Annual Growth Rate (CAGR) of at least 26%.
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.
Topics: Cloud Computing