7. Cloud Computing - Definition On-demand self-service internet infrastructure where you pay as you go and use only what you need, all managed by a browser, application or API Clouds will be the next transformation over the next several years, building off of the software models that virtualization enabled + 100s more from experts, vendors and kids
8. NIST Definition of Cloud Computing Cloud computing is a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.
26. Analyst Predictions The industry is poised for strong growth through 2014, when worldwide cloud services revenue is projected to reach $148.8 billion – Gartner, June 2010 Public IT cloud will be over 25% of the net-new growth in traditional IT products between now and 2014 – IDC, June 2010 The global market for enterprise cloud-based services will grow from $12.1 billion in 2010 to $35.6 billion in 2015 –Analysys Mason, 2010 IaaS, PaaS and SaaS software and services sales globally accounted for $20.3 billion in 2009, predicting a market size of $100.4 billion by 2016 – Wintergreen Research
32. In Reality Cloud is neither more nor less secure than the traditional IT With the loss of control, different kind of risks comes into focus Industry best practices can help mitigate these risks. Check out Cloud Security Alliance (CSA) Bottom Line is balancing the risks to take advantage of the clouds
34. Future Of Cloud Computing Cloud adoption will be rapid. Security concerns will fade away with better education on the side of the users and more transparency on the side of the providers A federated cloud ecosystem will ensure competition empowering the users PaaS is the future of cloud services – empowering the developers
35. Conclusion Cloud is real and maturing fast. Businesses of all sizes and shapes are going to adopt it much sooner than many expect Using Cloud Computing becomes a competitive advantage A big part of the security concerns are due to FUD but it is also critical to understand the risks and take steps to mitigate them, to take the full advantage of clouds Leverage the cloud but control your destiny