Over the past decade, the cloud industry has experienced a significant increase in growth due to a greater awareness of its capabilities and benefits. Businesses are, in increasing numbers, adopting the cloud as the backbone for their network infrastructure and turning away from the traditional physical network infrastructure. New cloud-native applications are constantly being developed as well as tools that optimize legacy applications to make them cloud-compatible.
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.
As cloud grows in popularity, so are the ways businesses leverage cloud technology to meet business needs. In an earlier blog, we discussed the difference between public, private, and hybrid cloud strategies. Now, a fourth type of cloud strategy, multi-cloud, is growing in popularity. Often people confuse multi-cloud and hybrid cloud. At first glance, they seem similar, both deploying multiple environments. But here some of the distinct differences between multi-cloud and hybrid cloud:
You probably heard Facebook was down earlier this month. Or, you’ve completely cut yourself out from the world of social media (props to you). Starting around noon last Wednesday, March 13th, almost 2.3 billion people were unable to access Facebook, its apps, and services due to worldwide outages. The downtime lasted about 14 hours, impacting Facebook, Instagram, WhatsApp, Messenger, and other Facebook-owned services. This unplanned downtime had serious ramifications, like a 1.8% drop in the stock price of Facebook, negative publicity, and negative impacts on businesses that use Facebook’s services to be productive. This includes advertisers and people who pay for Facebook services.
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.
The popularity of cloud computing is growing among almost all industry verticals. Organizations are beginning to realize that cloud computing doesn’t just improve their IT functions, it provides cost savings and numerous other benefits, too. They now view cloud computing as a major gateway to success in more competitive marketplaces where the cloud can completely change the operations of the business. Here’s a look at how some industries are adopting cloud computing:
One of the aspects of a business that plays an essential role in its ultimate success or failure is its telecommunications systems. Without a solid telecommunications setup, communications internally between employees and externally with clients may become cumbersome and challenging. The old say of communication is key is never more important that in business. Poor communications systems can negatively impacting the performance as well as the profitability of a business.
Over the last few years, there has been a radical transformation in business processes and functions as businesses have increasingly transitioned to using cloud-based services and turned away from their use of traditional physical infrastructures.
Financial institutions are quickly learning that the future of banking is in the cloud. To stay competitive, improve security, and provide more diverse service offerings for end users, financial institutions will look to the cloud for solutions. Banks have traditionally been slow to move to the cloud due to security and compliance concerns but as of recent, have begun to fully understand the full potential and benefits of the cloud. Confidence in the cloud has skyrocketed as of recent thanks to improved levels of security and compliance associated with cloud strategy.
If you’re a small business owner, chances are you have your hand in almost every part of your business. You probably wear many hats, like key decision maker, employee, stakeholder, investors, risk manager, etc. Above all, you realize there is little to no margin for error when it comes to your business.