Enterprises are worried on the rising cost of cloud adoption

Our world has gone digital and sometimes it is not under our control. Anything we write or talk about, our profiles are available to the prying eyes of the world, including hackers and cyber criminals. We live in a time when not having a digital identity is not an option. However, all that may change with Web 3:0. The fundamental tenets of web 3:0 are privacy and ownership of data. Organizations are realizing the value that cloud adds to their businesses and cloud adoption has increased more than ever.

While cloud offers several advantages including faster development time, ease of provisioning, quicker time to market, the cost of running workloads on the cloud is something that keeps the head of technology worried. In a typical On-Prem or an owned hardware solution, companies don't have to worry about whether the hardware is running or switched off when it is not required. If the servers are not being used, they are not switched off. In the cloud, however, if things are done similarly, the billing could go up meteorically.

Historically, cloud pricing and billing has been a complicated undertaking for many organizations–until now. Several industries are shifting to a service-based IT process via the cloud with some utilizing a hybrid-, multicloud focus to optimize important aspects of a business, like costs and optimizing organizational structure and compliance. The XaaS model additionally looks at how revenue is identified and forecasts new potential revenue streams.

With XaaS becoming key for certain industries during the pandemic and moving forward, technology companies need to find a way to expand while coordinating their cloud-based services and data from a single platform or dashboard. Security becomes a major concern when working with cloud and multi-cloud setups, with application and infrastructure security ranking as some of the most important aspects of the new setup along with data management and availability. Cloud computing indeed offers many benefits, and the future seems brighter too.

However, it also involves many risks and challenges for organizations. With this, Risk management is also key in a multi-cloud environment, as service providers can supply customers with system and organization control reports to help build risk assurance but the key to doing this lies in clarifying where network security responsibilities lie between the provider and user organizations. 

Dr. Deepak Kumar Sahu, President & CEO, VARINDIA