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.
A disaster recovery strategy is necessary for ensuring the integrity and availability of a company's data in the event of a disaster. A delay in data recovery after a disaster can lead to severe financial losses for the affected company; studies indicate that companies can lose anywhere from $100,000 to $1 million per hour following a data outage. With potential losses this high, it's essential that a company has a solid disaster recovery plan in place to restore data and minimize downtime after a disaster.
Setting up a hybrid cloud environment is a major commitment, and choosing the right provider can make the difference between success and failure. It's not just a matter of which one has the most impressive numbers; you need to know whether a provider will meet your business's particular needs. Detailed research is necessary, even though it can take some time.
Topics: Hybrid Cloud
It's no secret that the cloud has been gaining momentum as one of the biggest disruptive trends in years. But what many people don't realize is how the role of the CIO has changed as a result. With massive enterprise IT transitions coming underway, it's up to CIOs to safely and successfully guide their company through the shift to the cloud.
Cloud has become one of the most talked about technologies of the decade. With players big and small entering the game daily, more and more companies are turning to monthly, cloud-based services. But with any emerging technology, understanding the cloud can be a bit fuzzy. With all of the "buzz words" floating around the industry, its easy to hear words like "Scalability" and "OpEX" when talking to service providers, and not really understand what they mean.
In the midst of all the cloud word vomit are the "public," "private," and "hybrid" cloud. Commonly blended together and confused, these three cloud technologies are not one in the same. Infact, understanding the difference between these three cloud options is essential to establishing your business's cloud strategy. If you aren't sure what type of cloud your company needs, how can you initiate an investment?
To give you a better understanding of public, private and hybrid cloud, let's walk through each of them.