A Forbes study states that 55 per cent of enterprises predict cloud computing will enable new business models. We agree but what is 'the Cloud'? Public Cloud, Private Cloud, Hybrid Cloud....Here is what you need to bear in mind when it comes to your business, your systems and keeping control & security.
2016 was the year that the ‘Cloud’ grabbed everyone’s attention as it seemed to offer the flexibility companies so desperately need. Yet, not all ‘Clouds’ are created equal. What most people refer to as the ‘Cloud’ actually refers to the ‘Public Cloud’. Its major principle or approach is flexibility yet they are owned by 3rd parties and data is hosted on servers that might well be half-way around the world. >> Read More: How the Digital Revolution creates Cross Industry Systemic Risk (CISR)
Questions to ask: Where is the server? Who can access the data? Who has control?
There is another option, another Cloud so to say, which brings much better possibilities for most businesses: the Private Cloud. According to a Forbes report 63% of surveyed businesses are using Private Clouds already.
Private Clouds combine the best of both worlds – combining the dexterity and cost-effectiveness of cloud services with the data security and control of your own infrastructure.
Firms can take the same paradigm of public cloud but run it to keep sensitive business information secure and compliant – a sound strategy in today’s world that sees no week pass without a data breach, information loss or hack.
The finance industry, for example, demands high security and compliance especially as they handle sensitive data and want to know where their data is sitting. The cloud simply doesn’t fit every purpose but private clouds gives users another option, combing data ownership, agility, compatibility, ease of adoption and compliance. Worth considering!