Challenges and benefits of the cloud – data matters bplan data recovery

Managing multiple cloud deployments – Often, companies have more than one cloud computing implementation; they may use a mix of both private and public deployments – maybe even multiple ones in each category. The company must determine if each cloud provider is in compliance with regulatory requirements. Also, when considering your cloud provider(s), determine how security breaches are prevented or detected. If data security concerns are great, it may make sense for the corporation to maintain highly sensitive data (like customer social security numbers, medical health records, etc.) within their premises rather than deploying them to cloud computing.

Managing costs – The on-demand and scalable nature of cloud computing services can make it difficult to determine and predict all the associated costs.

Different cloud computing companies have different cost plans. Some charge by volume of data stored, others by the number of active users, and others still by cluster size. Some have a mixture of all three. Be sure to watch out for hidden costs like requested customizations, database changes, etc.

Lowered operating costs – This is perhaps the first benefit that companies realize when considering a move to the cloud. There is a significant difference between capital expenses and operating expenses. Basically, you are “renting” the infrastructure rather than bearing the costs upfront of building your own environment. The cloud computing provider bears all the system and equipment costs, the costs of upgrades, new hardware and software, as well as the personnel and energy costs.

Ease of implementation – For most companies, purchasing a cloud computing environment is as easy as swiping your credit card. It takes only minutes to access the environment because the technological infrastructure is all ready to go. This must be differentiated from the data infrastructure that must also be established. Whether you implement a data lake, a data vault, or a data warehouse, design and development work must be performed in addition to the technological set up.

Innovation from new cloud companies – Cloud technologies have been “born” from very innovative new companies. They make full use of all the advantages that the cloud has to offer. These technology companies can also add new features, functions, and capabilities, making them available to all customers immediately.

Elastic scalability – Many customers say this is the most appealing attribute of cloud computing. You can quickly scale up and down based on real needs. There is no need to buy extra computing capacity “just in case” you may need it at a later date. Cloud data warehouses can increase or decrease storage, users, clusters with little or no disruption to the overall environment.

Ability to handle the vast diversity of data available for analytics – Cloud computing providers can handle both well-structured data (like from operational systems) as well as the “unusual” data so popular today (like social media, IoT, or sensor data). Cloud implementations can support both fixed schemas and dynamic ones, making it perfect for routine production analytics like Key Performance Indicators or financial analyses as well as unplanned, experimental, or exploratory analyses so popular with data scientists.