basic ofcloud

1. Cloud benifits
• Broad network access: Services are accessible from a wide variety of devices (such
as PCs, smartphones and tablets) and from any location with network access to the
cloud
• Rapid elasticity: Computing capabilities in the cloud are essentially unlimited and
can be quickly scaled up or down in response to an organization’s changing needs.
• On-demand self-service: New services and capacity can be provisioned quickly and
easily, often without vendor employee involvement
• Rapid implementation: Less time is required to get up and running on cloud-based
systems.
• Cost predictability: Cloud’s pay-as-you-go model, which includes the cost of system
upgrades, makes it easier to predict IT costs.
• Scalability: Cloud provides a flexible platform that can grow or shrink as needed,
enabling businesses to explore new markets, pursue new innovations and serve new
customer segments.

2. Cloud Risks and Considerations
• It is essential to understand the operational and compliance risks of outsourcing.
• A risk management framework within the organisation should be created for the cloud.
Plotting a route through all the risks and regulatory complexities, will ensure the company
gets the benefits it set out to get from the cloud.
• Proper due diligence should be standard for any outsourcing initiative to understand the
key risks and embed controls into the contract. Supplier risk has to be factored into the
equation.
• The risk of intruders gaining access to IT systems has forced organisations to improve
security. Cyber risk deserves special attention. Security must be tight.
• Complying with national laws and regulations on data is a thorny problem that must be
addressed and the full implications of GDPR must be understood and adhered to.