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2017-02-01 00:00:00TechnologyEnglish Cloud Storage Could Drive Profitability

How Cloud Storage Could Drive Profitability

3 min read

Cloud storage architecture are primarily either Public, Private or Hybrid cloud services for all unstructured data across multiple regions and sectors. The Private Cloud has seen a phenomenal growth in adoption rates to 77% from 63%. Likewise, the Hybrid Cloud adoption has seen a 58 percent to 71 percent in growth.

In 2016, 17% of all enterprises had over 1,000 Virtual Machines in the Public Cloud, up 4% from the previous year. Currently, 27 million employees have anonymised usage data collected from across the globe. This explains the power and rate at with which the cloud adoption is growing exponentially

Cloud storage is a service model in which data is maintained, managed, backed up remotely and made available to users over a network. Usually, firms pay for their cloud data storage based on consumption. Though the costs have reduced significantly, the operating expenses are more expensive in the long run. Similarly, businesses have moved to private cloud networks with stronger encryption and authentication with their services.

Some of the largest cloud storage firms worldwide include Amazon Cloud Drive, Box, Dropbox, Google Drive, iCloud Drive, OneDrive, and ownCloud. In India companies like IBM, Ricoh, CtrlS, Infosys, TCS, Wipro Technologies, and Zenith InfoTech provide cloud storage.

Private or on-premise cloud storage provides a protected ecosystem behind the company’s firewall to have better control over their data. A public cloud as the name suggests provides access to cloud storage across public servers and are available at a lower cost.

Hybrid Clouds provide more flexibility and additional options for data deployment. Based on your small business’s’ requirements, you can determine which form of cloud storage is best suited for your business based on access, level of interaction and security.

On why Cloud Storage is essential to manage costs, Nikhil Gonsalves, Sales Operations Manager, NetApp explained, “Cloud Storage gives you the ability to continue to deliver your key services through cloud driven software with the incentive of not relying heavily on hardware changes. Cloud Storage services provides your business the access to manage large scale processes without having to suffer implementation and handling costs.”

Discussing the rapidly changing cloud based storage environment, Julian Philips, Mobile Strategy Consultant, Mobile Perspectives said, “Businesses are moving their services to multiple platforms especially on mobile and tablet. Your business is aided by these clouds based services with servers connected across the globe. Most small businesses opt for this as it is relatively cheaper than having to constantly service a highly expensive product.”

While choosing your cloud storage options, you should review your small business requirements, budget and the technology powering your business. Here are five tips when selecting your right cloud storage platform vendor:

1. Technical Support: The most essential aspect of choosing a cloud storage vendor is to ensure that their technical support team provides good support by working during your office hours and ready to assist your business during emergencies.

2. Service Agreements: Before you sign up, ensure that your standard service agreement meets your small business’s expectations. If possible, ensure that you review penalties and negotiate in case of downtime that can affect your company’s ability to review billing and monitoring.

3. Mobile Architecture: For every small business, your cloud storage provider should ensure that their service supports Standard API formats and integrates with your company’s data. Your service provider should be able to explain if your data is structured and if it impacts performance.

4. Security: Your vendor must sensitise you on how their cloud storage service will store and protect your data. This will also help you review and ensure that your small business’s security meets a certain benchmark. In turn, you can learn how to counter security threats and access through logging and authentication.

5. Regulations: Understand and inform your service provider and your employees on certain regulations and protocols. Your cloud provider should understand these issues and address the penalties for mishandling sensitive information.

By making the transition to the cloud, your small business could save your time and money. You must review that your small business meets your minimum security, service, and performance standards. These tips should help you move to a cloud based platform and improve your IT productivity.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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