October 21, 2022 Blog
80% of lookouts for any service lead to on-demand, pay-as-you-go, or X-as-a-service.
The present we revel in is where everything comes to us with a click. Cab::Careem, Food::Zomato, Groceries::Instashop, Fuel::Cafu, Cloud Computing::Azure. Making things easier for the end consumer and the companies do the heavy lifting for them.
This new format, where a company is specialized in delivering a specific service and grows to achieve economies of scale and pass on its efficiencies in the form of low cost, better performance and higher reliability than customers had means to achieve themselves.
The most game-changing in the last decade has been the providers: like Microsoft, Amazon, and Google, providing infrastructure needs with just a click.
Technology giants, television networks, banks, food manufacturers, governments, and many more have become avid users of cloud computing services to develop, deploy, and host applications. A growing list of enterprises and startups are migrating to the cloud.
A report on Intricately recently reported the top Azure and AWS customers and their monthly billings:
An issue that topped the concern list for the longest time has evolved into a No. 1 reason for 37% of the organizations for moving to the Cloud. (As seen on the Deloitte report)
Cloud IT service is highly secure, they heavily invest in resources and technology, along with skilled experts and engineers to ensure the same.
Cloud users could be anywhere, they remain connected and have access at any time. Files can be accessed at any time, from anywhere, using any device. Zero risk of files being stored on a computer.
Reduced risk of losing data by backing up data offsite, along with the decreased potential for viruses, hackers, and other cybersecurity problems. Ensuring higher security and reducing risk for the Cloud users.
Cloud-based services can be deployed in an hour whereas implementing own IT infrastructure could take anywhere from weeks to months.
The cloud allows you to scale up and down easily, providing elasticity based on the demand.
When an application exhibits large volumes of traffic, service will remain unaffected as it will scale up automatically.
Cloud offers a predictable, service-oriented model for IT resource consumption, you pay a recurring monthly subscription fee based on the usage.
A substantially low upfront cost for capital investment and remaining free of the costs associated with continued ownership. Importantly, continuous reductions in the cost of computing and storage, have increased the benefits of economies of scale and made investments in large public clouds attractive.
While risks are specific to the business and its environment, some general risks to consider when moving to the cloud.
It’s advised to build a small POC before migrating the workload to the cloud. POC prived clarity and a greater understanding of the challenges that might be faced.
If you are considering Cloud, you can get a FREE POC right here.