Cloud computing is no doubt the most exciting technology today. Nowadays, every business is either migrating to the cloud or has already moved to it. The technology was only regarded as cost-efficient in the past, but now that it has evolved, firms are beginning to realize greater benefits including incredible efficiency, fast speeds, and high security and reliability.
As a result, cloud computing has quickly become an essential part of the Data Architecture for businesses of all sizes and industries.
In a Gatepoint Survey conducted among business executives and IT pros, 63% of respondents appreciated the data recovery and backup, 55% liked the feature of centralized data management, and 44% pointed out cost-savings arising from cloud computing.
Innovative Capabilities of Cloud Computing
Automation is crucial in cloud computing, which is why it has seen tremendous advancements in the past few years. Orchestration, a critical part of cloud computing, requires automation to coordinate different automated IT resources and processes.
Automation not only simplifies processes but also makes repetitive and static workflows incredibly efficient. You typically get a management portal for automation features, which takes over the basic approval decisions.
Besides, with so many automated tasks, such as script writing, you need not manage large IT teams in-house, saving huge amounts of costs.
Saving information on the cloud means saving information on IaaS (Infrastructure as a service) servers. This allows you to access information from anywhere and at anytime. Depending on the terms of the agreement, the ownership of the data may or may not belong to you.
It’s true that security was a big concern when cloud computing was first introduced, especially after the 2016 hack of the cloud-based Internet Performance Management Company known as Dyn. After this incident, cloud service providers have become much more cautious and consider security as their top-most priority. Just as cloud computing centralizes data and applications, cloud security centralizes protection.
Cloud-based business platforms contain various devices and endpoints that are often difficult to manage when dealing with BYOD or Shadow IT. Centrally managing these services entities enhances web filtering and traffic analysis, results in fewer policy and software updates, and streamlines the monitoring to network events. When managed in one place, disaster recovery plans can also be easily implemented.
Infrastructure as a Service (IaaS)
The ownership of servers, software, hardware, storage, and other infrastructure components you use stays with the cloud provider. You get to use them on-demand, which is less expensive than having an in-house platform with servers, data center space, network equipment etc.
The resources offered by IaaS platforms are highly scalable that adapt well to temporary, experimental, and changing workloads. You only pay for the duration and capacity used as the IaaS works on a metered system. There aren’t any fixed monthly or yearly payments for the services used sporadically.
Another great benefit of IaaS is that you and your staff can easily access the infrastructure through the internet from anywhere during a crisis. Thus, your business faces minimal downtime, no data loss, and quick recovery. In addition, create customer value from the next phase in the Innovative Potentials of Cloud Computing.
As mentioned earlier, data stored in the cloud may or may not be owned by the cloud provider or their clients. Regardless of the ownership, cloud providers are determined to secure the data in their cloud. Their main targets are data from websites such as Workday and Zendesk.
To develop a secure customer base, cloud providers strive to have all the business’ data on their platform rather than just a platform. That’s the reason data lakes have become common among cloud providers.
Based on the terms of the contract, the data stored data may even be shareable. This shareable data proves extremely valuable to cloud providers as it builds up their big data resource. Clients working with cloud providers have a great interest in accessing data stored by other clients. Much of this data is obtained from the Internet of Things (IoT). Not only is privacy maintained using a statistical model, but cloud providers can also manipulate the overall customer base.
Best for Small Businesses
Cloud computing is based on a ready-made storage infrastructure and global compute platform with a DIY approach to distributed services and applications.
This makes the cloud most suited to small businesses that only need services for a short period of time or are unsure about the scale at which they need them. Plus, when the timing is a factor, the ready-made nature of cloud-based services is a significant advantage.
For small businesses, value lies not in owning an infrastructure but in the consumption of reliable digital services that are available when desired. Therefore, most small businesses won’t have a global computing infrastructure to provide digital services to their customers.
Moreover, small businesses with an in-depth understanding of their market innovations demand a high level of customization to cater to the unique needs of the clients. Delivering customized services makes things even more complex that small businesses cannot possibly handle on their own. Cloud providers, who have the experience of dealing with clients from different industries and unmatched innovative capabilities, are able to meet their precise needs. It’s not that the cloud providers will design everything for them, but the small businesses enjoy tremendous flexibility on cloud platforms to produce digital products and services for their customers. This DIY approach fosters empowerment for small businesses to introduce market innovations to solve customer challenges.
Conclusion to Innovative Potentials of Cloud Computing Technologies
The Innovative Potentials of Cloud Computing are truly astounding. That’s the reason every function, from email hosting to website development, is being offered on the cloud.
Firms had suspicions in the beginning, but due to cloud’s innovative capabilities, businesses from every industry are choosing cloud-based solutions.
Now that you’re familiar with the innovative capabilities of cloud computing, it’s time to make the critical change and migrate to the cloud!
So, what are you waiting for? Get in touch with us for your cloud computing needs!