Explaining the Significance of Cloud Computing for Business

Sayantani Bhattacharya | December 21, 2021 | 210 views

Explaining the Significance
Today, entrepreneurs worldwide rely on cloud computing for business growth, to stay competitive, and to obtain a distinguished rank in the global market. However, the story was somewhat different a few years back. Earlier, organizations had to build and maintain their own data center for hosting and running their applications. In addition, they struggled to achieve quick results from the complex data sets and had to recruit experts to ensure optimum operational performance.

At present, rapid technological advancements have provided robust and reliable alternatives such as cloud computing technology, which has become one of the key mediums for digital transformation. According to the latest report by Gartner, the cloud computing industry is about to reach a trillion-dollar value in 2022. This article explains how cloud computing helps your business evolve towards a sustainable future.


Importance of Leveraging Cloud Services for Business

Cloud computing technology utilizes virtualization to provide on-demand large-scale data storage, computing processes, scaling platform, running analytics, disaster recovery, and several other cloud services. The cloud service providers manage and maintain these services at remote data centers. As a result, the users do not need to manage everything themselves and can spend their bandwidth enhancing other business aspects. Here is a list of some of the most important reasons supporting the importance of using cloud computing for business growth.

Control Cost

Entrepreneurs are inclined to gain an effective ROI with a minimum investment. Therefore, cost-effectiveness is one of the critical reasons for businesses adopting the cloud. You don’t need to spend on infrastructure setup, workforce recruitment, and other related investments. It is duly taken care of by the cloud service providers. Moreover, cloud computing services allow you to pay for the features you use. Therefore, it saves costs by cutting down on unnecessary overheads.

Improved Reliability and Consistency

Major cloud service providers are large enterprises that offer consistent services by employing high security, compliance, and data protection to boost the reliability and consistent performance of the cloud environment. As a result, companies can transfer all their data and business applications into the cloud and ensure efficient operations. According to Salesforce, 91% of businesses say that meeting government compliance is easy with cloud computing. Critical companies from industries that need strict security and compliance protocols such as banking, government, and defense, use cloud computing services.

Big Data and Analytics for Real-time Outcomes

As your business grows, it develops many critical and non-critical organizational data from several verticals. Cloud computing services leverage that data and run analytics to derive compelling insights. From those insights, you can develop action plans to meet organizational goals. In addition, advanced technologies such as artificial intelligence and machine learning optimally utilize analytics algorithms, so businesses can obtain fast and effective insights in real-time.


Scalable and Flexible

Effective business scaling involving minimal or no cost is one of the significant aspects of cloud computing. Companies that can respond quickly to demand fluctuations hold a competitive advantage in the market. Cloud allows scaling up and down whenever required and offers businesses more flexibility. The cloud services for business improvement instantly accommodate the demand for extra bandwidth without incorporating a complex and expensive update to your IT infrastructure. As per an information week survey, 65% of respondents believed that meeting business demands was one of the most important reasons businesses adopt cloud environments.


Easy Resource Sharing and Agility

Cloud computing allows accessible resource or information sharing between departments by bringing your organizational data onto a single platform. As a result, your business operations become more efficient and quick because of the seamless access to the data. Cloud users can easily fetch or share their data, allowing fast operations and computations, making your business processes more responsive and agile.


Accelerated Digital Transformation

Organizations worldwide are planning their digital transformation journey. Cloud computing is one of the advanced technologies that help to transform businesses and obtain a digital presence. As a result, companies can attract customers' attention in the highly competitive market. Furthermore, digital transformation allows navigation of all your business operations through virtualization and online platform. Therefore, virtualization is the most strategic importance of cloud computing in a business organization.

Data Backup and Recovery

Data is the critical element of any organization, and data loss affects the business ROI. As a result, businesses must have a robust data backup and recovery strategy to handle any potential disaster efficiently. Cloud-based businesses can quickly recover their data for all kinds of emergency scenarios. According to Salesforce, 20% of cloud-enabled companies claim disaster recovery in four hours or less compared to only 9% of non-cloud users.

Document Control

Documentation is critical for a successful business model. Before the cloud, employees used to work on single files one at a time. As a result, several duplicate files increased the processing time and overall efficiency. The cloud stores all the documents in a centralized location where the employees can access them. As a result, it reduces the complexity and accelerates the documentation process efficiently.

How the New York Times Controlled Cost and Improved Revenue after Digitalization?

Most renowned media brands are gradually moving towards digital transformation to create their success story with a digital footprint. Likewise, advertisers have shifted their focus to digital platforms in the media industry. As a result, print media and newspapers are facing numerous challenges.

The famous media house The New York Times decided to embrace digital transformation. As a part of their plan, they opted for the AWS platform to successfully transform their legacy COBOL-based application into an advanced Java-based application.

Now, NYT stock has been up nearly 60% in the last six months, and their digital subscription revenue amplified by 40% year-over-year.

Final Takeaway

In today’s competitive world, transformation is the only way to succeed. As a result, businesses are interested in improving their efficiency, productivity, and overall performance. Cloud computing has evolved over the years, and it optimally serves the industries that are willing to leverage it. The importance of cloud computing for business success has motivated companies to opt cloud as their platform. It helped the companies be more agile in running their businesses and improved overall productivity.

The cloud services companies of all sizes…The cloud is for everyone.

Marc Benioff


Frequently Asked Questions


What is the Strategic Advantage of Cloud Computing?

The top six strategic benefits of cloud computing are:

Mobility
Security
Customization
Scalability
Process Optimization

Why is Cloud Computing Crucial for an Organization?

Cloud computing is crucial for businesses because it reduces cost, improves speed and accuracy. As a result, it helps companies be competitive on a global stage. In addition, it boosts operational efficiency and productivity. It also helps minimize IT expenses by providing innovative storage, software, and infrastructure.

What are Cloud-Based Business Applications?

A cloud-based business application is a software program that collaborates with cloud and data-center components. This model depends on remote servers for computation accessed through a web browser through a strong internet connection.

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Palette is architected to scale, delivering centralized and automated management combined with decentralized orchestration and policy enforcement — together enabling a virtually infinite scale from few to tens of thousands of clusters. Extending this core Palette foundation, Palette Edge today adds unique security, visibility and usability capabilities, setting a new industry standard for deploying and centrally managing edge K8s at scale, dramatically lowering total cost of ownership and risk for organizations of any size expanding to the edge. Palette Edge is purpose-built to support key industry use cases including Internet of Things device management and orchestration, data ingestion, streaming, analytics and AI inference. “For us, edge is an enabler to help clinicians deliver better patient outcomes by deploying technology closer to the user,” said Vignesh Shetty, SVP & GM Edison AI and Platform at GE Healthcare Digital. “The need for a secure, cost-effective approach to manage Kubernetes at the edge at scale is more relevant than ever before.” The new Palette Edge delivers on the key priorities for edge K8s users with: Tamperproof security for Kubernetes at the edge: Spectro Cloud research found that security is the #1 concern when adopting edge Kubernetes. Edge Kubernetes devices deployed in remote, unmonitored locations are particularly vulnerable to deliberate tampering and unintentional configuration drift, where their operating system, distribution and other software elements move out of compliance through ad hoc configuration changes. Palette Edge now enables operations teams to build highly secure configurations for edge devices, including their preferred Kubernetes distribution and the underlying OS, which once deployed become immutable, read-only and unmodifiable by the application user, just like the firmware on a smartphone. The now-immutable stack also enables zero-downtime rolling upgrades, due to a failsafe deployment design. Palette eXtended Kubernetes Edge (PXK-E): This new edge-optimized Kubernetes distribution version of Spectro Cloud’s CNCF-upstream Kubernetes distribution is available now to all Palette customers. PXK-E incorporates Palette’s new immutability capability, along with NIST-800 security hardening. It is certified for more than 50 open source and commercial cloud native integrations and provides high availability and zero-downtime rolling upgrades even in single-server configurations. With Palette Edge, businesses can choose the PXK-E distribution or Palette-optimized versions of any other K8s distribution, verified and supported by Spectro Cloud. A powerful NOC-like dashboard: Now organizations scaling to thousands or tens of thousands of edge devices have the power to manage their fleet more easily and with greater control than ever before. Palette Edge’s Network Operations Center-like (NOC) dashboard provides a highly intuitive user experience with live status for key events, plus advanced capabilities to filter, tag and drill down to clusters by location, status or other attribute. Importantly, operators can define powerful workflows for managing clusters, with almost infinite possibilities: for example, they can phase deployments of cluster updates by location for canary testing, or schedule patching to follow the sun. Ultra-simple edge device onboarding: In edge Kubernetes projects, organizations can find the act of deploying new devices in remote locations incredibly problematic; often, costly field engineering truck rolls are needed. Palette Edge makes it easy for non-specialist staff to quickly power up and onboard a new device into a managed cluster, using a variety of methods, such as through Palette Edge’s user interface, leveraging its open API, the Spectro Cloud Terraform provider, or by simply scanning a QR code on the edge device itself. The features delivered in this new Palette Edge release reflect real customer requirements of K8s at the edge. To address them and also contribute to the broader cloud native community, Spectro Cloud is now leading a unique open source project which delivers failsafe immutability at the edge: Kairos. Version 1.0 of Kairos is now generally available with extended community support, and is free to download and use. For more information, visit www.kairos.io. This is another example demonstrating Spectro Cloud’s continued commitment to foster innovation as a member of the CNCF and Linux Foundation, contributing to major Kubernetes ecosystem projects such as Cluster API and the Cluster API Provider for Canonical MAAS. These major new features are available today in Spectro Cloud’s Palette Edge edition and further position Palette as the first choice for organizations running Kubernetes at the edge at scale, enabling them to bring modern applications and data close to their end-users. Customers of Palette Edge are already realizing significant benefits by avoiding otherwise necessary field engineering visits at edge locations, which can result to up to 90% reduction in operational costs. “A key use case for 5G Edge compute is mission critical, ultra-low latency, workloads. That means cyber-security is a foundational principle for Edge and not an afterthought. Spectro Cloud is delivering a customer solution for deploying modern apps to the Edge that can integrate readily into end-to-end Zero Trust architectures,” said Dr. Ken Urquhart, Global Vice-President, 5G at Zscaler. “This brand new set of capabilities is making edge K8s locations as easy as a cloud for our customers, With a platform that can scale to tens of thousands of edge locations, requirements like security, resiliency and ease-of-use can be game changers, and this has been our focus in the latest release. At Spectro Cloud we are committed champions of the innovation coming out of the open source community, and we couldn’t be more excited to collaborate with some of the most interesting projects to deliver some of those new capabilities.” Spectro Cloud co-founder and CEO Tenry Fu About Spectro Cloud Spectro Cloud uniquely enables organizations to deploy and manage Kubernetes in production, at scale. Its Palette enterprise Kubernetes management platform gives IT Operations and DevOps engineering teams effortless control of the full Kubernetes lifecycle even across multiple clouds, data centers, bare metal and edge environments. Ops teams are empowered to support their developers with curated Kubernetes stacks and tools based on their specific needs, with granular governance and enterprise-grade security.

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CLOUD SECURITY

Rapidly Evolving Hybrid Cloud Security Requirements are Driving the Need for Deep Observability

Gigamon | September 28, 2022

Gigamon, the leading deep observability company, is guiding the industry forward today, bringing application and network-level intelligence together for the first time to help network, security, and cloud IT operations teams eliminate security blind spots and deliver defense in depth across their highly distributed hybrid and multi-cloud infrastructure. Leading market intelligence firm, the 650 Group, forecasts the deep observability market’s CAGR to grow over 60 percent to reach $2 billion by 2026. They predict Gigamon will take a commanding lead with 68 percent market share in the first half of 2022. Together with an expanding ecosystem of technology alliance partners, Gigamon harnesses actionable network-level intelligence that amplifies the power of cloud, security, and observability tools, ultimately empowering large organizations to achieve the transformational promise of the cloud. A recent IDC global survey of 900 large organization IT executives and managers* revealed that 'strengthened cybersecurity posture and practices' is the number one benefit of deep observability intelligence and insights. And to overcome their concerns for security vulnerabilities, 79 percent of respondents indicate they have made good-to-excellent progress in leveraging network intelligence and performance metrics for security insights. When asked specifically where the alignment of NetOps and SecOps efforts and tools have improved security management, a strong majority of respondents cited the following: provide complete visibility into on-premises systems and cloud services, reduce false positives, improve speed and accuracy of triage, and validate remediation. To further underscore the urgency for organizations to address security blind spots, a recent Vitreous World State of Ransomware for 2022 and Beyond survey revealed more than 95 percent of the more than one thousand global respondents, consisting of large organization IT and security executives, had experienced ransomware attacks in the past year. The research also revealed that 89 percent of global security leaders surveyed agree deep observability is an important element of cloud security with 50 percent of global CISOs/CIOs strongly agreeing with this statement. “As a cloud-first dental support organization, we are continuously seeking new ways to fortify our security posture and equip our supported owner doctors with the latest, proven technology and highly skilled support staff, so they can focus on providing the perfect patient experience to patients with an extraordinary, differentiated care experience,” said Nemi George, vice president of IT and information security officer and IT service operations at Pacific Dental Services. “With the deep observability we gain from Gigamon, we can eliminate security blind spots at the network layer of our hybrid cloud infrastructure, deliver defense in depth, and confidently scale our operations.” A New Frontier: Deep Observability The Gigamon Hawk Deep Observability Pipeline harnesses actionable network-level intelligence to amplify the power of cloud, security, and observability tools, enabling IT organizations to assure security and compliance governance, speed root-cause analysis of performance bottlenecks and lower the operational overhead associated with managing today’s highly distributed hybrid and multi-cloud infrastructure. Gigamon extends the value of these tools with real-time network intelligence derived from packets, flows and application metadata to deliver defense in depth and performance management. Gigamon has an extensive ecosystem of technology alliance partners that includes leading observability vendors Dynatrace, New Relic and Sumo Logic. “We are proud to partner with Gigamon and integrate their network-level intelligence with the Dynatrace platform’s full-stack observability, application security, and AIOps capabilities to enable our joint customers to innovate faster and more securely,” said Bob Wambach, vice president of product marketing at Dynatrace. “Large organizations continue to embrace hybrid-cloud, multi-cloud, and cloud-native technologies as the foundation for their digital services and innovation. As a result, applications have become increasingly complex and distributed. The combination of Dynatrace and Gigamon gives customers unprecedented abilities to simplify cloud complexity. The actionable, network-level intelligence of the Gigamon deep observability pipeline provides additional network-security context to the precise answers and intelligent automation delivered by Dynatrace.” “At Trace3 we help our customers design, move and re-architect workloads to the Cloud. One of the challenges we face is maintaining visibility into key applications regardless of cloud architecture pattern, in alignment with guidance from well-architected frameworks,” said Chris Nicholas, vice president cloud and cloud solutions group at Trace3. “Gigamon Hawk helps us deliver actionable network-level intelligence against many advanced security and observability use-cases. The built-in performance tools help us accelerate troubleshooting while lowering operational costs.” “IT organizations are navigating an unprecedented increase in cyber threats across all vectors of their hybrid and multi-cloud infrastructure, and the underlying complexity and disparity of tools used to manage these environments introduces blind spots that can expose their organizations to risk, Gigamon is at the right place at the right time to capitalize on this high growth market and deliver more value to our customers by extending the value of tools they have already deployed and empowering them with actionable network-level intelligence for the hybrid cloud so they can run fast, stay secure, and accelerate innovation.” Shane Buckley, president and CEO of Gigamon About Gigamon Gigamon offers a deep observability pipeline that harnesses actionable network-level intelligence to amplify the power of observability tools. This powerful combination helps IT organizations to assure security and compliance governance, speed root-cause analysis of performance bottlenecks, and lower operational overhead associated with managing hybrid and multi-cloud IT infrastructures. The result: modern enterprises realize the full transformational promise of the cloud. Gigamon serves more than 4,000 customers worldwide, including over 80 percent of Fortune 100 enterprises, 9 of the 10 largest mobile network providers, and hundreds of governments and educational organizations worldwide.

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CLOUD SECURITY

Wolters Kluwer cloud-based global expert solution named a global leader in cloud computing

Wolters Kluwer | September 30, 2022

Wolters Kluwer Tax & Accounting announced that its innovative TeamMate+ suite of cloud-based expert audit solutions was recognized by the Business Intelligence Group as a global leader in cloud computing and awarded the 2022 Stratus Awards for Cloud Computing in their annual business award program. TeamMate+ was recognized as a global leader in the Software as a Service category. Through these awards, the Business Intelligence Group sought to identify the companies, products and people that are offering unique solutions and technology that will continue to lead the industry. “We are honored to be recognized by the Business Intelligence Group for our part in the evolution of cloud solutions for the internal audit profession, TeamMate continues to help organizations redefine their risk assessment methodology to ensure they stay ahead of risk while optimizing human resources and adhering to professional standards.” Frans Klaassen, Senior Vice President & General Manager, Wolters Kluwer TeamMate TeamMate+ supports all phases of audit work, from overarching audit plans aligned with organizational objectives to individual project planning, which guides day-to-day work. It enhances workflow using request and tracking features to ensure appropriate data is provided and captured within the tool during audit execution. And provides reporting capabilities that allow audit teams to craft output appropriate to various audiences including audit management and stakeholders. In addition, the TeamCloud hosting provides a secure and stable environment to access a customizable TeamMate environment from the web. Earlier this year, TeamMate achieved authorization status from the Federal Risk and Authorization Management Program (FedRAMP) for the TeamMate+ FedRAMP cloud hosting environment. Achieving authorization means that auditors within US Federal agencies can create, manage, and execute audits all while staying aligned with the Red and Yellow Book standards. “Wolters Kluwer is at the forefront of the cloud helping to drive practical innovations in the cloud,” said Maria Jimenez, Chief Nominations Officer of Business Intelligence Group. “The cloud is now part of the fabric of our society, and we are thrilled that our volunteer judges were able to help promote all of these innovative services, organizations and executives.” About Business Intelligence Group The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry and business award programs, business executives—those with experience and knowledgejudge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers. About Wolters Kluwer Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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