The existence of cloud computing dates back almost to the dawn of the internet. However, the buzz around the idea has been quite recent. Consider your personal case as an example. It must only be a decade or so ago that you must have got hooked onto cloud services. But, the growth has been phenomenal. In fact, the global cloud computing market is all set to grow at a CAGR of 18%, eyeing to reach $623.3 billion by 2023. A couple of years ago, the phrase ‘Cloud Computing is the Future’ was going around. Well, that future is now here.
Cloud computing is the foundation for digital transformation. To understand what makes cloud computing an attractive proposition for enterprises, let’s have a lot at the pros and cons of cloud computing-
Pros and Cons of Cloud Computing
Understanding the rise and rise of cloud computing is about unlayering the pros and cons of cloud computing. The idea is to understand why enterprises are high on cloud services and what makes them desirable yet at a distance.
Are you as tired as us of being unable to access files from an old desktop in some god forsaken place during an odd hour? Embarrassed to disturb a colleague for a file you don’t have because you last worked on it on their system? Well, ease of accessibility by cloud computing allows you to access any information from the cloud at your beck and call. For instance, Google Docs allows you to access any information in real time.
Most people contend that setting up cloud computing is an expensive ball game. If you are one of them, consider a cost- benefit analysis of the set up cost with the return on investment. Pay as you operate on a subscription basis. Free yourself from the burden of recruiting and paying professional for hardware maintenance. Leave that to your provider. Using cloud-based capabilities, Etsy is able to cost-effectively analyze data from the approximately one billion monthly views of its Web site and use the information to create product recommendations.
Natural disasters, power outages, etc are common place threats to any businesses. Unlike conventional servers, cloud computing ensure quick data recovery in almost all kinds of emergencies, making it a big pro in the pros and cons of cloud computing. 4 hours or less is the general time for cloud computing disaster recovery, enabling enterprises to ensure business continuance. Dropbox and Google Drive offer best data backup and recovery solutions when it comes to cloud computing.
Cloud hacking cases are a part of news every day. While almost all cloud providers contend to offer industry standard security, important files on cloud servers are always open to threat of hacking. In fact, the hacking of AWS EC2 console of Code Space led to data deletion and gradually the shutdown of the company. Obviously, that is an extreme case in itself. However, security stands as a constant con in the pros and cons of cloud computing.
With security comes comes the threat to private and sensitive data, bring along the privacy concerns. Privacy lapses of cloud computing can expose sensitive private information to the public at large, compromising the credibility of enterprises. You data always stands at the risk of being accessed by other people. Recently, Toyota suffered an attack where personal information of 3.1 million customers was exposed.
While cloud computing is commendable for its disaster recovery, its reliance on the internet makes it vulnerable to downtime. If the internet service is out for any reason, cloud computing comes to a standstill. One of the biggest deterrents to complete adoption of cloud computing is the burden of complete outage. In fact, an outage on Amazon Web Services in 2017 cost publicly traded companies up to $150 million dollars.
To cut a long story short, as any technological innovation, there are pros and cons to cloud computing. The question is to weigh the pros and cons of cloud computing to your particular needs and understand if the former outweighs the latter. If you are a developer with comprehensive knowledge about cloud computing and other technology stacks, join Recro today!