A Detailed Guide to Make Smart Cloud Based Service Choices
Posted On: October 13, 2020
The global cloud service market was valued at around $265 billion in 2019 and is expected to a whopping $927 billion by the end of 2027. This translates to an impressive global compounded annual growth rate of 16.4% and a CAGR of 18.6% in the Asia-Pacific region from 2020 to 2027. There lies a great potential for cloud-based services in various sectors ranging from BFSI to hospitality, retail, warehousing, medical and healthcare, education, etc.
The major setback to the industry due to Covid-19 in eminent. But the industry has started to show good signs of recovery with increasing Work from Home trends and organizations are opting for cloud-based services to run their businesses in this pandemic. Latest technology hardware and software have made cloud-based services more adaptable while increasing its applications.
What are Cloud Computing Services?
Simply put, cloud computing is the practice of delivering services to the user, including servers, storage, database, software, analytics, networking using a network of remote servers hosted on the internet. It ditches local servers and personal computers to store, manage, and process all the data. Cloud service providers only charge for services used thereby reducing overall operational costs and increasing the efficiency of infrastructure running. Cloud services are available on-demand as opposed to maintaining all the infrastructure in the premises to fulfill the needs. Cloud services are designed to provide flexible solutions, easy access to applications, resources, and services and are wholly maintained by the cloud service provider.
Presence of Cloud-based Services
Not only business operations, but cloud services are also used by most of the individuals daily. The cloud is ubiquitous. It is present everywhere, even though we barely notice it. Most of the applications we use have uses one or more cloud services. Take Gmail for example. All the mails we access in our account is stored in cloud data centers. Navigation and maps used to check routes and traffic extensively use the cloud to store, update, and analyze data regularly. In the banking industry, data from all the different banks are stored in the cloud servers for easy access at any branch. Moreover, the surveillance records and data is also stored and managed by the cloud to ensure timely alerts and proactive measures. For a warehouse, managing the operations, inventory, and security is made easy by cloud services. Every data uploaded to the cloud regarding staff and goods movements is analyzed by the central system to help the organization in decision making. Every piece of data from sensors and security cameras is stored in the cloud for easy retrieval and is used to identify any threats and optimize accordingly.
Scalability and Sustainability with Cloud
Almost every business is set up with an objective of growth. The storage needs increase when businesses flourish, generate more revenues or expand to multiple sites. The cloud storage is based on virtualization. These are public hosted third-party solutions with vast hardware and software resources already placed to allow organization for flexible and rapid scaling. Cloud can efficiently accommodate ever-changing demands of them without needing to install a single new hardware or software achieving cost-effectiveness.
As compared to the traditional systems where generally there is a limit to the storage system and resources are wasted in the case of business de-growth. Cloud solutions provide a flexible solution giving businesses the convenience to modify storage solutions without affecting the performance and profitability. These versatile solutions can quickly adapt to changing technological and working demands.
Cloud storage is a fast-growing industry which is revolutionizing the IT sector. It is a sustainable game-changer which relies on remotely hosted servers instead of individual local servers. Cloud is generally referred to as environmentally sustainable mainly because cloud infrastructure relies on 2 elements of green IT approach – energy efficiency and resource efficiency.
Cloud discourages organizations to install personal equipment and move towards a shared model of cloud infrastructure. It encourages to make positive contributions towards the society by using virtual services.
Efficiency and scalability are the main elements of cloud which help reducing energy usage and trash. It is cheap to run and reduces computing time. These minimized energy requirements translate to reduced carbon emissions. According to the CDP report, cloud servers can prevent 85.7 million metric tons of carbon emission by the end of 2020. Not just power, storage drives will eventually become e-waste when it becomes unusable. Individual hard drives translate into more e-waste and garbage. This proves individual servers are not sustainable for the environment as well as for the organization as the business will require to change drives time to time which requires a healthy amount of money for replacing.
Cloud-Based Security Services
With the advent of the cloud, there is virtually nothing about IT infrastructure and services that the cloud companies cannot fulfill. The adoption of cloud services is seen almost everywhere in the corporate business space. Security management is no exception. This cloud-based, outsourced security service is known as Security as a Service (SECaaS). This security service uses Software as a Service (SaaS) model.
With SECaaS, the organization are no longer delivered security solutions locally. There is the least involvement of the IT department in managing the security cameras, access controls, virus protection software, organizing the data, video analytics, updating the software, checking SOP compliance, etc. The traditional way of doing this involves huge operating costs and requires a lot of attention as human surveillance is not 100% efficient. With cloud systems in place, seamless monitoring is possible with the latest tools and techniques and a centralized expert team.
Security as a Service (SECaaS) Offerings
Intrusion management uses the collective data from the integrated system of cameras, motion sensors and infrared technology to identify any criminal breach in the organization. Enterprises built in a widespread area are exposed to a greater risk of intruders. So, protecting the perimeter is also a vital task of security management. The cloud system gathers data from several touchpoints and detects any unusual event with the application of artificial intelligence. Cloud systems can detect any kind of intrusion much before the manual system saving the organization from huge risk.
Data Loss Prevention
For businesses, protecting sensitive data is of the utmost importance. This data reveals the credentials of the organization. Cloud servers help in monitoring, protecting and verifying the security of data at rest and in use. This data can be anything and everything that is stored in the cloud. Data from security devices to different sensors, energy tracking devices, etc. come under this. All the server are equipped with data loss prevention software to prevent any damage in foreseeable future.
Identify and Access Management
This provides controls for assured identities and access management. This includes people, processes and systems that are used manage access to enterprise’s different locations and resources. Several access controls are installed to authorize only specific people to access the given resources or certain locations. These are strictly monitored by cloud systems and any forced access is immediately detected by systems and notified to the organization n escalation matrix. Several tools are used to verify the identity and grant the correct level of access based on the assured identity.
Malicious hackers pose a great risk to the digital security of the enterprise. Therefore, safeguarding the organization from phishing attacks and malicious attachments is deemed necessary to ensure business continuity. Both inbound and outbound emails need to be protected. The cloud system provides various solutions in regards to policy-based encryption, integrating email offerings, and digital signatures to ensure email security.
With so much critical data in place, cloud storage is made flexible to back up the data from time to time. So that whenever a disaster strikes, the organization could effortlessly restore the data. This is all made possible by the advance hardware and smart programming at cloud servers. Enterprises do not need to waste time transferring the data from their servers to the recovery site. This ensures automatic backups and fast recovery.
The cloud-based services do the same task but in a completely different manner to ensure optimum efficiency and transparency. IGZY can provide you with the latest cloud offerings customized to your needs. Contact today to scale your business to the next level while reducing operational cost.