Evolution of Cloud Computing
Cloud computing enables enterprises to use computing resources as
utility rather than building and maintaining in-house computing
Eliminates capital expenses
Automatic Software Updates
Flexible, Agile, Scalable, Reliable
Gartner Inc. states that cloud computing is one of the top strategic
technology trends of 2015 that organizations cannot think of avoiding.
IDC research states that by 2017 global IT buyers would allocate 20%
of their IT budgets to industry clouds.
Recent studies on cloud adoption have revealed that 54% of IT
decision makers are storing their confidential data on cloud.
Experts says Cloud creates a new world by leveraging the data
collected from social-media interactions, work environments, public
spaces and mobile devices.
Today cloud comes with range of flavors and combinations pertaining to
business needs of each specific industry sector .
Public Cloud, Private Cloud and Open Hybrid Cloud
Cloud model that involves sharing physical hardware infrastructure which is
operated by third party service provider at its location.
o Speedier deployment of IT resources
o Cost saving as operating expenses are shared among the users
o Companies who operate under strict compliance regulations will not opt
for public cloud as it is multi-tenanted that arise security concerns.
Private cloud is a dedicated computing infrastructure that serves
needs of single organization.
Delivers scalability, agility and benefits as that Public Cloud.
It gives enhanced levels of control and data security.
It allows users to fully customize infrastructure components which
is another key benefit.
Hybrid cloud is a combination of both private and public clouds that
enables enterprises store their non-sensitive information on public
cloud and confidential information on private cloud.
Highly flexible, agile and cost effective
Cloud Flavors (Continued)…..
Cloud is no more a budding technology today, but it has continually
evolved as full-fledged mainstream solution for widely varied businesses.
Cloud services have revolutionized the business landscape and adding
huge value in the areas of
o Data back-up and Disaster recovery
o Web hosting, email, CRM
Breaking the barriers in Banking and
Times are changing, today more than half of the global IT decision
makers are storing their sensitive data in the cloud.
Cloud service providers are investing huge in sophisticated technologies
and tools that ensures high security levels to their customer data.
Gradually banking and financial institutions are getting inclined towards
cloud computing as they realized cloud has become more secured than
earlier and protect their sensitive data efficiently.
Hybrid cloud model has grabbed the attention of banking and finance
sectors as it ensures high layers of security to their confidential customer
data and also allows them to store non-sensitive information on public
cloud for speedier transactions.
Today majority of global medium and larger companies are extensively
using cloud infrastructure and technologies for various business
operational aspects such as data gathering, aggregation, analytics and
strategic decision making.
Significantly reduces the storage and computing expenses
Enables enterprises to quickly respond to the business needs
Brings flexibility in critical business operations
Smaller and medium enterprises with less IT staff and IT budgets can
leverage best from the cloud services
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