This results inexpensive maintenance of the data storage and losing important data while doing cost efficiency projects.
Cloud Data Storage, Hesitations, and Opportunities?
We skip the journey which we had for on-site or magnetic data storages cause from my point of view this were steps taken to reach a milestone in data storage journey, which is cloud storage.
Cloud storage is a game-changer in data storage not only because it saves hardware to be bought, installed, and managed on-premises but also the computing power, speed of access and agility which it offers.
It also reduces the risk of redundancy because everyone has the same copy of the data on their workstations, tablets, and mobiles.
With digitalization, many of the businesses went from “on paper to online”. Even highly legal and compliant businesses also moved towards the online platform
If cloud data storage is so efficient, why is there still some hesitation in bringing the data on the cloud for some of the businesses as an, e.g. Pharmaceuticals?
One thing which we did not discuss through was Data Security and privacy. With growth on this topic in last 2-3 years has increased confidence in many industries to embark on the journey but still sensitivity of the data and understanding what information can be used within Cloud by the provider and also co-user of the cloud is giving some of the CDO’s and CIO’s a headache.
If we overcome this challenge in terms of security and privacy (both terms have individual measurement so difficult to say that every process is 100% bulletproof), then cloud storage gives a number of opportunities such as the speed of data access, agility to upscale and downscale, computing power, modern analytics capability, AI and ML integration, forecasting and planning scenarios etc.
Data storage journey dates to1725 with Punch cards to Floppy disk in 1987 and to cloud storage in modern time.
Data Storage is a key challenge for many industries, and Cloud storage gives an efficient answer to that challenge. There is still some hesitation to move to cloud storage, but with opportunities which it provides and at the speed which data is growing, the assumption would be that most of the business would run on cloud storage in next 3-5 years.
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