Cloud Computing: Risks and Rewards for Businesses

Cloud computing is the delivery of computing services, such as servers, storage, databases, networking, software, analytics, and intelligence, over the internet. Cloud computing offers many benefits for businesses, such as cost savings, scalability, flexibility, ease of deployment, and access to a variety of services. However, cloud computing also poses some risks that businesses need to consider before adopting it, such as data security, compliance, vendor lock-in, and lack of control. In this article, we will explore the pros and cons of cloud computing and discuss whether businesses should hire more generalists or specialists to manage their cloud operations.

Benefits of cloud computing

One of the main benefits of cloud computing is cost savings. Businesses can save costs on hardware, software, and infrastructure by using cloud services that are provided and managed by cloud providers. Cloud providers offer pay-as-you-go pricing models that allow businesses to pay only for what they use and avoid upfront capital expenses. According to a study by Nucleus Research, for every $1 spent on cloud migration, businesses saved $1.68 on average1.

Another benefit of cloud computing is scalability. Businesses can easily adjust their computing resources according to their needs and demand. Cloud providers offer on-demand provisioning and deprovisioning of resources, which enables businesses to handle fluctuations in workload and traffic. For example, Netflix uses AWS to scale its infrastructure based on the number of users, adding or removing servers in real-time1.

A third benefit of cloud computing is flexibility. Businesses can choose from a variety of cloud services and options that suit their specific requirements and preferences. Cloud providers offer different types of computing services, such as virtual machines, containers, and serverless computing, as well as different deployment models, such as public, private, and hybrid clouds. Businesses can also access a range of advanced services, such as machine learning, data analytics, IoT, and more, that are enabled by cloud computing.

A fourth benefit of cloud computing is ease of deployment. Businesses can deploy their applications and services quickly and easily using cloud platforms and tools. Cloud providers offer ready-to-use environments and frameworks that simplify the development and management of applications. For example, AWS’s Elastic Beanstalk allows businesses to deploy and manage their applications without worrying about the underlying infrastructure1.

A fifth benefit of cloud computing is accessibility. Businesses can access their data and applications from anywhere and anytime using the internet. Cloud computing also enables collaboration and communication among employees, customers, and partners, as they can share and access information and resources in real-time. Cloud computing also supports remote work and mobility, as employees can work from any device and location.

Risks of cloud computing

One of the main risks of cloud computing is data security. Businesses entrust their sensitive and confidential data to cloud providers, who store and process it in remote servers. This exposes the data to potential threats, such as cyberattacks, data breaches, data loss, and unauthorized access. According to a study by Crowd Research Partners, 90% of businesses are concerned about cloud security1. Businesses need to ensure that their cloud providers have adequate security measures and policies in place, such as encryption, authentication, backup, and recovery. Businesses also need to comply with the relevant data protection laws and regulations, such as GDPR, HIPAA, and PCI DSS, when using cloud services.

Another risk of cloud computing is compliance. Businesses need to adhere to the standards and regulations that apply to their industry and location when using cloud services. However, cloud providers may not always meet the specific compliance requirements of their customers, especially when they operate in multiple jurisdictions and regions. Businesses need to verify that their cloud providers are compliant with the relevant laws and regulations, such as SOX, FISMA, and ISO 27001, and that they have the necessary certifications and audits. Businesses also need to ensure that they have the right to access, modify, and delete their data in the cloud, and that they have the ability to audit and monitor their cloud activities.

A third risk of cloud computing is vendor lock-in. Businesses may become dependent on their cloud providers and face difficulties in switching to another provider or moving back to their own infrastructure. Cloud providers may use proprietary technologies and formats that are incompatible with other providers or platforms, making it hard for businesses to migrate their data and applications. Cloud providers may also change their prices, terms, and conditions, or discontinue their services, affecting the businesses that rely on them. Businesses need to evaluate the portability and interoperability of their cloud services and have a contingency plan in case of vendor lock-in.

A fourth risk of cloud computing is lack of control. Businesses may lose some control over their data and applications when they use cloud services, as they have to rely on their cloud providers to manage and maintain the underlying infrastructure and resources. Businesses may not have full visibility and transparency into their cloud operations, such as performance, availability, and security. Businesses may also face challenges in troubleshooting and resolving issues that arise in the cloud, as they have to coordinate with their cloud providers and follow their procedures and protocols. Businesses need to establish clear roles and responsibilities with their cloud providers and have effective communication and governance mechanisms in place.

Generalists vs. specialists

Given the benefits and risks of cloud computing, businesses may wonder whether they should hire more generalists or specialists to manage their cloud operations. Generalists are professionals who have a broad range of skills and knowledge across various domains and disciplines, while specialists are experts in a specific field or area. Both generalists and specialists have their advantages and disadvantages, depending on the context and situation.

Generalists can offer a holistic and integrated perspective on cloud computing, as they can understand the big picture and the interrelationships among different components and aspects. Generalists can also adapt and learn quickly, as they have a diverse and flexible skill set that allows them to handle different tasks and challenges. Generalists can also collaborate and communicate effectively with different stakeholders, as they can speak their language and bridge the gaps between them.

However, generalists may lack the depth and detail of knowledge and expertise that specialists have in their respective domains. Generalists may not be able to provide the best solutions or guidance for complex and specific problems that require specialized skills and experience. Generalists may also struggle to keep up with the latest trends and innovations in cloud computing, as they have to cover a wide range of topics and areas.

Specialists can offer a focused and in-depth perspective on cloud computing, as they have a deep and detailed knowledge and expertise in their specific domains. Specialists can also provide the best solutions and guidance for complex and specific problems that require specialized skills and experience. Specialists can also keep up with the latest trends and innovations in cloud computing, as they are dedicated to their fields and areas of interest.

However, specialists may lack the breadth and diversity of knowledge and skills that generalists have across various domains and disciplines. Specialists may not be able to see the big picture and the interrelationships among different components and aspects of cloud computing. Specialists may also find it hard to adapt and learn new skills and technologies, as they are focused on their niche and area of specialization. Specialists may also face difficulties in collaborating and communicating with different stakeholders, as they may use technical jargon and terminology that others may not understand.

Therefore, the answer to whether businesses should hire more generalists or specialists for their cloud operations depends on several factors, such as the size, nature, and goals of the business, the type and complexity of the cloud services and projects, and the availability and cost of the talent. Businesses may benefit from having a balanced and diverse team of generalists and specialists, who can complement and leverage each other’s strengths and weaknesses, and work together to achieve the best outcomes for the business.

References
1. ca.indeed.com
2. isaca.org
3. zdnet.com
4. forbes.com
5. c-sharpcorner.com
6. enisa.europa.eu
7. forbes.com
8. builtin.com

Elias Khnaser:
The Dark Side of the Cloud Overcoming Technical and Non Technical Risks

 

This entry was posted in Articles, Cybersecurity, Knowledge and tagged , . Bookmark the permalink.