virtualisation & cloud computing
‘ Although businesses want to invest in cloud storage , there are real concerns about security of information and data breaches .’ in the cloud . In the global report , 40 per cent of respondents stated that general security is a risk when moving data to the cloud , while at the same time , 25 per of respondents believe cloud data adoption will result in more security breaches .
A quarter of those surveyed believe data cloud adoption will result in lack of control , and 52 per cent agreed executive buy-in to data in the cloud is holding them back . 22 per cent struggle with the additional staffing needed to move to the cloud .
Despite this , cloud storage is set to rise sharply in the next two years
Although 58 per cent of data from organisations surveyed already sits in the cloud today , the research shows that usage of the cloud will increase over the next two years , with three in 10 companies globally predicting a significant increase of data moving to the cloud by 2019 .
This suggests that the perceived benefits of cloud storage outweigh the perceived downfalls in terms of security risks . In order to stay ahead of the game and keep up with technological progressions , companies are realising they must consider adopting cloud .
Benefits for Organisations Globally
By 2018 , at least half of IT spending will be cloud based ( IDC )*
Growth in analytics – Through to the end of 2020 , spending on cloud-based big data and analytics will grow 4.5x faster than spending for on-premise solutions
( IDC )**
By 2020 , 60 % of all IT Infrastructures , and 60-70 % of all software , services , and technology spending will be cloud based ( IDC )*
More than 70 % of businesses expect budgets to rise to meet new data sovereignty regulations ( Ovum )***
Organisations globally are increasingly outsourcing IT-related functions – cloud and managed services are important delivery models
Agility |
Flexibility |
Workload |
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portability |
Deployment choices
Better business agility
Worldwide Public IT Cloud Service Revenue in 2018 is predicted to be $ 127B . Managed Services is projected to reach $ 256B by 2018****
What do customers want in a Managed Cloud Solution ?
Secure and highly scalable solution
Saves money
Access to expert resources
Lack of resources / expertise is now the top cloud challenge ( cited by 32 per cent ); the next is security ( cited by 29 per cent )
State of the Cloud Survey by RightScale
What are the benefits ?
Access to consulting , managed and support service offering
Allows you to Monthly focus on the core subscription business model for greater flexibility
All files are stored centrally - one version of the truth
Retail
Security
Services ready to be consumed in days rather than weeks
Greater visibility means improved collaboration do so over the next two years , there are real concerns about security of information and data breaches . Let ’ s take a look at some of the key trends identified .
Security and control issues are main obstacles to widespread cloud adoption
Security and lack of control are the top obstacles holding back companies from storing critical data
The majority of legal data is being held back from the cloud
The majority of legal data is being kept on physical servers , with just 27 per cent of businesses surveyed expecting to move their legal data to the cloud in the next two years . This makes sense ; we all know that legal information can be particularly sensitive , and therefore companies are reluctant to trust this data to the cloud , despite predictions demonstrating eagerness in terms of other business critical data moving to the cloud by 2019 .
More accurate customer targeting
SOURCES :
Quickly scalable for fast growing businesses
Healthcare
Ability to handle huge data volumes securely and anonymously
Proven supplier who will ensure compliance and security
* IDC FutureScape : Worldwide Cloud 2016 Predictions — Mastering the Raw Material of Digital Transformation
** IDC FutureScape : Worldwide Big Data and Analytics 2016 Predictions *** Ovum Report - Data Privacy Laws : Cutting the Red Tape , 2016 **** Microsoft Cloud Landscape Update , 2015 , ( RHP )
Data ready for analysis for greater personalisation
Improved accessibility to product and design information for further research and analysis
Faster response to trends
Telecoms
Keeping huge data volumes safe but also available for analysis , marketing and risk assessment
Automotive and Manufacturing
Financial
Oil and Gas
Fast access to information such as rig tracking via mobiles
Teradata Managed Cloud provides convenient , powerful , pay-as-you-go warehouse capabilities for any enterprise use cases with the peace of mind of having your data within reach
For more information about Teradata ’ s data warehouse and analytics solutions , please visit www . teradata . com
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