Technology is a tremendously powerful force in the business world. It can help businesses better serve their customers by automating certain features to free up more time for additional customer attention, provide higher security for customer details and information, and in some cases provide better and faster access to information or services.
Hybrid cloud computing provides businesses with a software service solution that enables them to approach business more flexible and adapt to changes and meet customer needs faster.
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What is hybrid cloud computing?
Apprenda, a cloud platform provider, defines hybrid cloud computing as, “an infrastructure that includes links between one cloud managed by the user (typically called “private cloud”) and at least one cloud managed by a third party (typically called “public cloud”)…The idea behind hybrid cloud is that businesses can use it to take advantage of the scalability and cost-effectiveness offered by the public cloud computing environment without exposing mission-critical applications and data to the vulnerabilities associated with the public cloud option. In addition, the hybrid cloud model creates what is often the best and most efficient solution because different types of data can be moved onto whatever platform provides the most efficient and secure environment.”
Hybrid cloud platforms can give businesses more flexibility and allow them to compete better in their industry by providing internal efficiencies and cost savings that they can pass on to their customers. These are inherently helpful to the financial services sector, which needs to make money, save clients money, and offer fast secure services. Capital One updated its technology to be cloud-based to help them better meet their customer’s changing needs and the evolving landscape of finance and banking.
The benefits of cloud computing
- Cost-savings
Hybrid cloud platforms often offer a pay as you go model that allows you to expand as necessary but only pay for what you need. These cost savings can help financial service institutions improve their services for customers or pass those savings on to customers in other ways, like reduced rates.
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What does a Public Cloud mean?Public Cloud is the most recognized models of cloud computing by the consumers.
Here, cloud services are provided in a virtualized environment, applications or storage is made available to the general public and services can be on pay per consume model offered by the service provider.Private and Hybrid Cloud Vs Public CloudPrivate Cloud – When an organization wishes to go for a private cloud, they get full control over the IT infrastructure which is always maintained on a private network where the hardware and software is solely dedicated to one’s business.
Private cloud uses computing resources exclusively for one organization which is flexible and can be customized as per the client’s wish.Hybrid Cloud – Usually known as ‘Best of both worlds’, hybrid clouds consist of on-premise infrastructure (private cloud) and public cloud.
For higher flexibility and deployment options, data and applications can move freely between private and public cloud.
In case you have high volume demands, then you can go for Public Cloud or else you can make use of on-premise infrastructure for business critical operations.Comparable in featuresScalability Public Cloud – High scaling of computing resourcesPrivate Cloud – Limited scalability is available due to pre customized hardware for specific clientsHybrid Cloud – Same as public cloud, hybrid cloud also has high scaling capabilities.SecurityPublic Cloud – Your data is safe on public cloud with enterprise class firewall and you are protected from hardware failures.Private Cloud – When you design the cloud architecture according to your needs you exactly know where your data lives; behind your own locked doors.Hybrid Cloud – Hybrid cloud offers the same level of security like the public cloud.
However, here you can also get integration options to add an extra layer of security.PerformancePublic Cloud – As the same hardware is shared between different users, performance can go down if another client hosted on the same server experiences a lot of traffic.
Companies can use a hybrid cloud to mix their data centre and private cloud with public cloud resources like Software as a Service or SaaS.
Between the two infrastructures, software contact points facilitate transport data back and forth as needed.
Proponents of cloud computing point to reduced environmental impact, cost-effectiveness, and data mobility.
Detractors cite security issues, customer service woes, and server downtime as downsides.
Review quick look at the pros and cons of public, private, and hybrid cloud storage.
