Category Archives: Cloud

Cloud

Is Cloud Computing The Future Of Data Storage?

Learn What The Professionals Have To Say About Cloud Computing?

Cloud computing has become one of the most important parts of every business sector. It has given rise to a whole new world of platforms, applications, jobs, and services. There is no doubt in stating that the future lies in the hands of cloud computing. It is certainly going to develop hybrid solutions in the field of Information technology.

It has been seen that cloud facility comes with the attribute enhanced scalability and flexibility. Not only this, but it also provides complete control over your data without any lapse with the security facility. But, above that, cloud computing is more about making the entire process engaging and organized. There is no better way to process data than cloud computing.

But does it have all that it takes to be the future of data storage? We are here to dig in and check how it can prove to be one of the game-changers in the coming time.

Assessing The Future of Cloud Computing

When it comes to the cloud, it comes with several attributes, and this makes the future of this sector very bright. If you think what the best trends to come in this sector are, then take a look at the below-mentioned pointers:

#Better Storage Capacity

We all know how data is being generated in high volume these days. It can be very difficult for one to store the same and that too better security. Companies around the world are looking for storage where they can get their data stored and that too without any kind of issues in terms of security.

This is why businesses have adopted the policy of cloud computing with an open heart. It has been forecasted that cloud service providers are going to bring in several data centres in the future and that too very competing price. As the competition is going to increase among the service providers, it is certainly going to benefit the businesses around with enhanced storage capacity at very reasonable rates,

#Improved Internet Performance

All thanks to IoT technology, then Internet quality is going to bet better with time. The combination of cloud computing and IoT can help businesses to get their data stored in the cloud and deliver exquisite performance with detailed analysis.

You can be certain about excellent quality service that includes excellent loading speed and application. With time, the Internet speed is going to better and this is going to improve the process of data transition. It is going to be quick and effective.

#Priority Will Be Modular Software

With time, complexity in the domain of individual program size is getting higher constantly. This means that cloud technology needs better system capability that covers all the angles. In the future, the applications are going to store in different places but not in the cloud.

They are going to use different modules of the servers present on various cloud services. This can not only reduce the pricing of the software, as it is very economical when it comes to getting the components placed on storage.

#Inclusion of IoT

When it comes to IoT, it is acknowledged as one of the prominent technology as it is constantly growing in the domain of cloud computing and real data analytics.

The communication from one machine to another and data transfer and procedure occurring can be done with ease, all with the assistance of cloud computing technology.

#Market Size:

It has been seen that the market of cloud computing is growing significantly at the rate of 22.8 percent. It has been forecasted that the market size is going to get better with every passing day. Maximum CRM software is going to be cloud-based in the coming time, and the same goes for all the applications as well.

#Better Cloud Services

Take a look at the services provided by cloud computing solutions:

  • Software as a Service
  • Infrastructure as a Service
  • Platform as a service

These services are good enough to achieve all the desired objectives. According to much research, according to Cloud Security Engineers cloud computing is going to be one of the prominent technologies in the coming time in the domain of Software as a Service.

Not only this, but the sector of infrastructure as a service and platform as a service is also going to get better as most of the organizations are showing big interest in the same. This technology is a lot more user-friendly and compatible with all kinds of organizations.

#Security

Today we all know that data security provided by the cloud storage solution is better than any other solution. But, even their security is not fully approved. The small vendors who are providing cloud services might not be able to serve the quality of that top standards. In future, cloud computing security is going to get better and ensure that your data is protected even more additional layer of security. The cloud service providers are already assessing the gaps to remain ahead of the cyber experts.

#Economic

With the technology of cloud computing going to get better, the hardware used is going to get down as most of the work can be done with the assistance of virtualization and cloud computing solutions. This can help you save a lot as the hardware used is certainly going to get low, so there is not going to be any kind of expense related to maintenance or purchase of something new as well.

With time, the data is going to be stored in the cloud, and it is going to be assessed with the assistance of different technologies that won’t require any kind of human assistance.

#Modular Software

It has been seen that organizations are using software that cannot be modified. So, in the future, cloud computing is going to invest in the domain of modified software that is going to assist with better facilities and security. The respective software is going to become a lot more flexible and user-friendly in the coming time.

Another major advantage of the respective software is that overall charges are going to get down and also save you a lot of time.

Last Words

Businesses around the world are looking for innovative solutions that can help their company grow and achieve their business objectives. With the assistance of cloud computing, all these boxes can be ticked. It is one of the most powerful and extensive tools to invest in for the future as it can help an organization with several benefits. So, it is an excellent opportunity for businesses to consider moving in the right direction that is very much cost-effective. It benefits not only the businesses but also the users as well.

Author Bio

Neha Singh is the co-founder of securium solutions which is one of the fastest-growing cybersecurity services and education providing companies in India. She has helped thousands of companies in protecting their businesses from cyber threats and has been adamant about raising the need for cybersecurity in these modern times. When she is not actively taking part in seminars and meetings she can be found reading peacefully in the mountains.

Cloud

4 Prime Significance Of Cloud Computing In FinTech Industry

Introduction

The 21st century is the cloud era. Not only are more companies migrating their infrastructure to the cloud, but nearly 55% of respondents to the 2020 IDG Cloud Computing Study claim they use several public clouds and a substantial portion (32% of firms’ IT budgets) is devoted to this purpose.

With alleged benefits like accessibility, ease of use, and rapid implementation, it’s easy to understand why organisations are attracted to financial software development companies like Tatvasoft.

However, what does this signify for fintech?

Cloud computing is gaining traction in financial services. While acceptance is still in its infancy, growth is accelerating – 22% of all apps are already hosted in the cloud, with significant opportunity for development. This tendency will have an effect on both startups and existing incumbents. Banks can collaborate with fintech much more simply when using cloud technology, and startups are designing as cloud-native from the beginning.

Table of Content:

  • Introduction
  • Cloud computing’s influence on finance
  • Influence of cloud technology on the banking industry and financial institutions
  • Concluding Thoughts

Cloud computing’s influence on finance

Cloud computing is a growing trend in fintech, owing to the significant influence of cloud services on meeting many of the financial sector’s requirements. The cloud has benefited the financial sector in a variety of ways, including security, service, innovation, and scalability. Cloud computing has even been credited with helping the sector achieve its projected compound annual growth rate of 23.84 %.

Therefore, why are cloud computing companies critical to financial services? Fintech start-ups and traditional financial companies are adopting cloud computing and racing to improve the speed, reliability, and availability of their digital goods and services for consumers and end-users. Cloud-based financial services offer all of this at a cost-effective price point while also offering greater security in an era of increasingly strict regulatory compliance.

Influence of cloud technology on the banking industry and financial institutions

Data handling at its most sophisticated

The financial services industry’s lifeblood is data. It is critical for a variety of tasks, ranging from financial data management, data storage, managing user data and cloud storage, routine account administration to authenticating user identities, showing balances, and analysing spending trends. Cloud computing enables the financial industry to securely store, manage, and access massive amounts of data in a cost-effective and autonomous manner, from any location and at any time.

Self-service applications

When the epidemic began in earnest in early 2020, remote self-service technology was in desperate need. This requirement will last throughout the crisis, and even after the epidemic is over. On the other hand, it may rise, particularly in light of the ongoing closures of brick-and-mortar bank branches.

Individuals and companies alike require the capacity to open and handle their money remotely, but it goes beyond that. Internal personnel must be able to control procedures remotely. Self-service apps built on cloud technology enable businesses to rapidly deploy this technology.

Scalability and adaptability

Cloud computing’s broad applicability and advantages are critical to its quick acceptance – both startups and established organisations stand to profit significantly from these technologies, from cost savings to agility to creativity.

For large banks, business cloud migration has sped up operations and simplified the way they approach relationships. Due to the fact that well-known companies have been transparent about their deployment of cloud technology, this has sparked more activity throughout the sector. Other banks are seeing that these firms are able to develop more quickly and collaborate with fintech much more seamlessly.

“The majority of large banks are either working with or competing with fintech,” explains Wendy Luebbe, Barclays’ Head of Enterprise Data & Analytics. “We are not a provider of infrastructure. We wish to concentrate our efforts on financial services. As a result, we’re moving to the cloud as a strategy, concentrating our efforts on becoming more nimble with application development, increasing our competitiveness, and truly growing our business.”

Cloud technology also has significant ramifications for startups, particularly given how many are establishing themselves as cloud-native from the outset. By using the customisation that cloud computing enables, these businesses can become more agile and grow more readily.

Increased security

Customers are highly conscious of how their personal information is secured in the era of great data theft and cyber security assaults. The financial services sector has a right to safeguard its clients’ data, and the cloud is enabling financial firms to do so more effectively. From data encryption to zero-trust verification and access control, cloud computing in financial services mitigates many of the hazards associated with traditional on-premises IT systems.

Concluding Thoughts

Over the last few years, the financial services sector has transformed how customers interact with their products and services, owing to the growing demand for big data, the need to adapt to increasingly stringent regulations, and the emergence of smaller players competing with established financial institutions. We can anticipate the industry will continue to innovate in the near future.

Additionally, we may anticipate several advancements as a result of cloud computing’s effect, including predictive modelling to prepare for ‘what if’ situations, automation of front-end sales and customer-facing settings, and self-service capabilities enhancing customer care.

Cloud computing is critical to the success of financial firms. It enables financial sector organisations of all sizes and types to incorporate scalability and flexibility into their business models, enabling them to achieve agility and remain competitive in a continuously changing market. Additionally, financial services firms may leverage cloud computing to enhance security, comply with stringent regulatory standards, and simplify their historically complicated infrastructures.

Cloud

Why should enterprises implement the SAP Sales Cloud Solution?

Want to boost the sales of a business and enjoy enhanced revenue generation? If yes, then SAP Sales Cloud is your solution to realize this goal. The main motive of running any business is to reserve their share of profits with operations. Now, the only way of generating a steady profit flow is by selling products or services to the customers.

However, there are times when the efforts of the smartest sales team aren’t enough to draw in desired sales. This is where the need for SAP Sales Cloud comes in role.

But, what is the solution all about? And why is it necessary? Let’s find out!

What is SAP Sales Cloud?

SAP Sales Cloud is a customer relationship management (CRM) that enables enterprises to deliver extensive and enhanced user experience to customers and engage them in real-time. The solution helps businesses to facilitate the seamless conversion of value-driven insights into compelling actions. In addition, SAP Sales Cloud allows companies to develop effective relationships with customers, which increases the chances of converting leads with ease.

Furthermore, businesses can also facilitate a seamless transition between different systems as the solution can be easily integrated with the pricing and back-office inventory systems. Companies can even use SAP Sales Cloud to track and manage the performance of the business, even when offline.

Reasons to implement SAP Sales Cloud

SAP Sales Cloud has a lot to offer, which is why enterprises that have already implemented the solution enjoy enhanced functionalities and leverage them to grow the business. Therefore, let us find out why one should implement the SAP Sales Cloud solution:

  • Effective Management of Insights and Leads: Any business that can enhance customer engagement can use the same capabilities to improve opportunity management and lead management. SAP Sales Cloud enables companies to facilitate intelligent routing and scoring to ensure that the best sales representatives get high-quality leads.

This allows them to convert more leads into paying customers and bring more business to the enterprise. Further, the solution is equipped with an activity advisor that guides the sales representatives through the most straightforward way of converting a lead or opportunity into a paying customer.

  • Compatible with Smartphones Plus Offline Support: The SAP Sales Cloud solution comes with a highly responsive user interface (UI) technology. This technology allows one to access the solution from any smartphone, laptop, or tablet that can support Android and iOS applications.

The user interface of the solution is designed to maintain the same look across all the devices. In addition, the mobile application version of the solution provides offline support to the sales representatives in the field. This allows them to facilitate effective engagement with the customers even in places without internet connectivity. 

  • Social and Collaborative: Every sales enterprise in the modern-day relies on effective collaboration and uses it as a tool to hasten sales cycles and ensure an increased number of customer engagements.

In addition, SAP Sales Cloud offers new social collaboration capabilities and built-in features such as feeds that enable the sales representative to get access to news feeds about the leads and accounts they are interested in.

  • Visit Management: The SAP Sales Cloud is equipped with enhanced visit management capabilities, including visit routing, visit planning, and visit execution. This can help businesses as they are more focused on the field and feature increased visit volumes that need to be optimized.

In addition, these enhanced capabilities combine with task and activity management, effective audit capabilities, and numerous surveys. Businesses belonging to the consumer product industry generally leverage these other competencies similar to the ‘perfect store’ to execute retail scenarios.

  • Relationship and Account Management: With SAP Sales Cloud, every sales representative gets an enhanced overall view of the key contacts and customers. Further, it also gives them an improved idea of different customers’ service history, engagement history, and transaction history.

Moreover, the SAP Sales Cloud solution provides the representatives with a graphical view of the customers where the decision-makers and key influencers are indulged in a buying center. One of the major perks of the SAP Sales Cloud solution is that it can provide a complete view of the customers as it is equipped with the standard integration to both the back and front office.

  • Latest Technologies: The SAP Sales Cloud has enhanced machine learning capabilities such as opportunity scoring and leads scoring. Apart from that, the solution is further equipped with a comprehensive analytic suite that provides businesses with real-time predictors and embedded analytics. This enables enterprises to track the essential key performance indicators (KPIs). The cherry on top of it is that the solution does not charge any additional fees for this feature.

Conclusion

The SAP Sales Cloud is a highly efficient solution for enhancing customers’ engagements and boosting the sales of a business. The practical features of the solution make it very easy for companies to facilitate effective relationships with customers. Therefore, find a reliable SAP consulting services nearby and get started with the implementation of SAP Sales Cloud.

Author Bio: Eric Smith is an SAP professional providing a wide range of SAP consulting services to his clients. With a knack for technology, he loves to write on the latest SAP developments and share his knowledge with the readers.

Cloud

What To Look For in Cloud Hosted Virtual Desktop Provider?

Today’s generation of entrepreneurs is always keen to research and implement new technologies in their business operations. They wish to invest in future-proof technologies that enhance their business growth and improve overall business productivity.

One such technology that has gained a massive reputation recently is VDI (Virtual Desktop Infrastructure). It allows the users to access a customized virtual desktop from the device of their choice via the Internet.

Experts believe that the VDI market is ready to see rapid growth in the coming years as it is becoming more and more among companies are focusing on remote working because of the COVID-19 pandemic.

But, it is necessary to understand VDI in detail before taking a final decision, as choosing the right cloud hosted virtual desktop provider will help you get the desired results. You have to know if the offered services will suit your business needs or not.

Let’s try to understand what you should look for while choosing the right cloud VDI provider:

 1.  Data Security

In today’s digital economy, data is the new oil. Any data breach can result in the loss of millions of dollars. Also, such incidents spoil your reputation in the market, which makes it difficult for you to offer your services to the existing clients and close new deals. Thus, it would help if you looked for a VDI provider that offers top-notch data security with premium features.

It would be best to ask if the service provider offers the latest firewalls and antivirus, antimalware for cyber-protection, automatic intrusion detection. Also, you must enquire whether providers’ cloud servers are safeguarded with physical security features like CCTVs and whether they have high-security features for data protection. Some of the other security features are multi-factor authentication, end-to-end 256-bit data encryption, and the like.

2.   Regular Backups

Data, when stored digitally, is not solely vulnerable to cyber threats. Unprecedented events such as high-magnitude earthquakes or even causal mistakes like an accidental water spill can permanently damage your database and cripple your organizational operations. So before you go with a VDI provider, it must have a thorough insight into their data managing capabilities.

It would help if you asked your provider about whether they will automatically back up your data, their backing frequency, and also the expertise of the personnel involved. And in case a technical glitch crashes your data, ask them about their estimated window period that they will require for successfully restoring your whole data. Also, as natural calamities can cause severe collateral losses, please enquire about the number of their data servers and ensure that they are strategically located to minimize the environmental damage.

3.   Desired End-User Experience

One of the main reasons why everyone upgrades to the latest technology is to enhance their user experience. The implemented tech must satisfy your desired organizational effectiveness and boost its structural efficiency. It should have all the qualities necessary for increasing your operational performance. Hence, after deciding to add VDI to your IT arsenal, you must look for a service provider that gives you the desired end-user experience.

As the needs vary accordingly with the business involved, ask your VDI provider whether they can satisfactorily answer your requirements or not. Enquire about the different resources such as the required RAM, storage space, etc., which you will need during your VDI usage. Also, you must ensure if they are capable enough to provide a smooth VDI experience – reliable and lag-free.

4.   Pricing Plans

While incorporating the latest technological innovations can significantly ramp up your organizational progress, a correct estimation of the costs involved is also crucial. A hosted VDI solution holds sufficient computational potential for stellar performance delivery. However, if the pricing plan is not carefully chosen, the initial investment may eventually outweigh its intended benefits and bring down your cost-efficiency. Hence, before settling for them, you must openly discuss the pricing plans with your VDI provider.

There must be a balance between their service range and the cost required, with the latter falling well within your expectations. They should have a pay-as-you-go model as it provides more freedom over resource allocation and saves you from any sudden upfront investment. You can also enquire whether any hidden costs may surface during your VDI usage or any additional charges for services like disaster recovery, technical support, or data backup.

5.   Uptime

VDI performance is defined by its server configuration. However, there are certain key areas where the VDI provider must provide adequate support for consistent service. The uptime availability is one such critical area, resulting in considerable financial losses if not adequately addressed. The longer the downtime, the more damage your business takes. Hence, before you go for a service provider, make sure they have quality uptime service.

Instead of simply trusting their uptime claims, you should look for a VDI provider with an SLA-backed uptime guarantee. They must have a minimum of 99.99% availability. Any lesser than that, and you can easily see your employees waiting for hours before their systems come back online. Also, if they offer round-the-clock services, enquire whether they will have personnel available or not so that you are not the one sitting idly when an emergency hits you.

 Conclusion

While choosing a VDI solution boosts organizational performance, selecting the right service provider is equally essential for its success. To complement the enhanced user experience with VDI, an ideal service provider must have premium security measures, provide assured backup, and have SLA-backed uptime with competent IT staff. Also, their service plan must be flexible and within your budgetary reach. So, when you finally go for VDI, make sure you have the best service provider.

Cloud

Top 7 Cloud Myths

Cloud computing, naturally, due to its popularity, is something that is plagued with tons of myths. Naturally, these myths or misconceptions do have consequences, as they can delay innovations, slow the progress of an enterprise, and create fear where it’s not warranted. While cloud computing is virtually mainstream now, the vast majority of that growth occurring in the past five years, there are still many myths surrounding it. Cloud computing is essentially capabilities that are delivered as a service, with a boundary created between the consumer and the cloud service provider. For a lot of people, this becomes the source of all the misconceptions, as cloud computing becomes something more abstract. So it’s understandable that with all its success it has engendered a lot of misunderstandings and myths.

Amongst all the hype and confusion that continues to surround cloud computing, it’s in the best interest for CIOs to separate both fiction from fact, this can be done by learning about the various myths that surround the cloud, as of today.

1. Cloud Computing is Solely about Money

One myth, and probably the biggest one surrounding cloud computing is that migration to this service guarantees financial savings. While, in many situations, this is actually true, there are many different reasons why you may want to move to the cloud, with the most common reason being agility.

When it comes to business, any and all decisions, whether it’s the cloud or anything else, must be made, after considering the numbers. Even if agility is the primary reason, one must also consider the costs. CIOs shouldn’t assume anything, meaning, they shouldn’t assume that moving to the cloud will cut their costs, not without doing their own analysis study, first.

Experts have advised that specific models, including total cost of ownership, be used, on a case by case basis. So you’ll want to split the cloud into its use case, while looking beyond simple cost concerns. It’s very important that the projected cost savings are realistic, that the company doesn’t assume they’ll make significant savings simply because they’re on the cloud.

2. Just One Cloud Strategy Is Required

Multi-cloud is becoming increasingly more popular, as the days pass by, but despite that, you find that most businesses are still drawn towards simplicity. However, cloud computing is very broad, encompassing, many different services and infrastructure, which is why any devised cloud strategy must reflect this. Cloud services typically include many different models, levels, applications and scope.

For this reason, any cloud strategy must be able to accommodate, the various functions and uses of a cloud service. Any organisation must also realise that they won’t be able to get everything they require or desire from the one vendor. A cloud strategy that is based around one service, only works, if expectations are within its framework.

3. Use Cloud for Everything

Unless there is money to be saved, moving your old legacy application over to the cloud, may not necessarily be the best decision. The cloud tends to come into its own, when value is based on flexibility, when the company is structured around consuming and paying for solely what it needs, when it needs it.

For this reason one shouldn’t be afraid to accept the truth. That the cloud may not be beneficial for all workloads. As a result, non-cloud solutions should be considered as more preferable.

4. Cloud Is Not As Secure As On-Premises

Many people perceive cloud computing as not as secure. However, when we look at the number of security breaches suffered in the public cloud, we find that there have been very few. The vast majority of breaches are still experienced by on premise data centres.

This is why you shouldn’t assume that cloud service providers are unable to provide you with the level of security that you require. Of course, you should expect the cloud provider to be able to demonstrate its capabilities, but once they are able to do that, there is no reason for you to sway from what you know.

5: Enterprises Are Leaving the Public Cloud

The thought that workloads are now being shifted away from the cloud, is wishful thinking at best. When we look at legacy vendors, we must ask, who would stand to benefit from such a myth. The truth is, most enterprises that have moved to the cloud, are still with the cloud. That said, for those that have decided to move back, the vast majority of them have moved from cloud infrastructure as a service (IaaS), rather than SaaS.

One thing to bear in mind, is that some cloud migrations are unsuccessful. However, most organisations when face with cloud problems, are more likely to address them, wherever they arise, rather than take the more drastic measuring of moving everything back to their previous location.

6: Multi-Cloud will prevent lock-in

The vast majority of organisations will start off by using one cloud service provider, but may develop concerns about developing on the single vendor, which leads to them entertaining other vendors. When a company does this, it is known as multi-cloud. Multi-cloud has many different approaches, including a more functionality-based one. For example, an organisation may opt to use the Amazon Web Services, as their main cloud service provider, while using Google Analytics and Big Data in conjunction with it.

IT leaders need to understand that having multi-cloud as their cloud strategy, is not always sufficient in addressing the issue of lock-in. If lock-in has been identified as an issue, then a more streamlined approach should be adopted, one that focusses on tackling real solutions.

7. The Cloud Is a Must

Cloud-washing is basically the tendency of others to call everything the cloud, even it’s not. In many cases this is purely accidental, the result of confusion about the technology. However, there are many vendors and IT organisations that will refer to things as being the cloud in order to make sales, gain funding, and meet certain strategies and cloud demands. This all helps to feed the myth, that in order for an IT company to be worth its salt, it must be on the cloud.

The best thing you can do is be honest, which means, not referring to everything as the cloud. There are many other capabilities, such as virtualisation and automation that do not require cloud-washing in order for people to patronise it.

Author Bio:

Uchenna Ani-Okoye is a former IT Manager who now runs his own computer support website https://www.compuchenna.co.uk