IT Trends & Technology

According to Juniper Research, 146 billion records are expected to be exposed in data breaches between 2018 and 2023. IBM and the Ponemon Institute estimate the global average cost of a data breach is $3.6 million. In addition to high risk and the costly damages faced by all organizations, financial institutions face stringent regulatory and compliance standards.

Many leaders across the finance industry find themselves needing increased information security but having to fulfill that need within budget constraints. Additionally, cloud computing and digital transformation add layers to the need for a more sophisticated and integrated information security strategy.

As digital transformation strategies drive more customer initiatives, banks and credit unions are changing their views of cloud usage.  Financial institutions are becoming more pragmatic in their approach to gaining operational efficiencies, improving the customer experience, and move beyond their traditional core banking platforms.  Off to a slow, fragmented start, expect to see cloud adoption accelerate.  Gartner expects the cloud computing services market to grow 17.3 percent in 2019 alone, topping $200 billion worldwide.

It’s easy for an organization to find itself struggling to understand what cloud computing is and how it can translate the technology into tangible operational improvements. Without this foundation, it can be difficult for an organization to ensure that it is taking full advantage of the cloud’s potential. Nowhere, though, is this challenge more prevalent than in the healthcare industry—in addition to transforming their operating models with the rise of digitization, these organizations must also juggle stringent compliance requirements and ongoing concerns about security and data privacy.

When your organization makes the decision to migrate your legacy systems to the cloud, completing the move in itself isn’t the goal. Instead, the end goal is for your organization to reach a more reliable, responsive, and flexible state through the IT backbone that enables your business.

It’s a phrase that you can’t help but hear in technology circles: cloud computing. From virtualizing computing resources to managing applications to storing data to hosting web services, cloud computing seems to have something to offer every organization. In fact, Gartner expects the cloud computing services market to grow 17.3 percent in 2019 alone, topping $200 billion worldwide.

A few years ago, the idea of moving all of your IT infrastructure to the cloud was dismissed as just a trend that would soon fade away. The reality, however, is that cloud computing—when planned effectively, implemented properly, and managed with the right vendor—can offer huge financial and operational advantages over traditional data centers.

The digital transformation is underway in the utilities industry, with many public and private service providers modernizing grids and replacing aging infrastructure and assets with more efficient technology.

Moving your enterprise data to the cloud can bring with it a number of benefits to your operational costs and the management of your information technology footprint. In fact, 83 percent of enterprise workloads will be facilitated via the cloud in 2020, according to a LogicMonitor study. However, with this growth in cloud services can come substantial risk.

Fortunately, by following some key best practices, such as those laid out in this article, you can help your organization take the necessary steps to strengthen your data security and mitigate the potential vulnerabilities of operating in the cloud.

U.S. business productivity has been trending up lately, according to recent government figures. Some of that has to do with the labor force working longer hours and upticks in requests. However, another factor that directly contributes to business productivity is efficiency, brought about by leaner organizational processes and better management.

One way enterprise is achieving efficiency is by leveraging the benefits of hybrid cloud solutions and migrating certain key elements of their IT infrastructure off-premises.

Merriam-Webster has several definitions for the word myth. One of them is “a person or thing having only imaginary or unverifiable existence.”

Not surprisingly, there are many misconceptions and outright myths circulating about the cloud and cloud management that are just that—myths. In order to debunk these myths, one must come prepared with cold, hard facts that speak truth to fable.

Most dictionaries define a broker as an agent who acts as an intermediary in the purchase or sale of a commodity, or a person or entity distributing something tangible.

Cloud service brokers (CSBs) work much the same way in that they work as an intermediary between a customer and a cloud service provider. There are many reasons why a company would choose to work with a CSB, but the main benefit is the management of provider services for customers who lack the time or resources to utilize cloud services to best meet the organization’s business needs.

Whether it is to meet shifting business objectives, pursue revenue growth, or achieve greater operational efficiency, there is a clarion call to enterprises prompting the move of many of their workloads over to multi-cloud providers.

A recent Forrester Consulting report indicated that 86 percent of survey respondents are planning to move or have already moved many of their mission-critical workloads over to multiple cloud providers. Much of the demand is being driven by our reliance on IoT devices and the need for big data analytics, in addition to enterprise revenue goals and demands.

While a recent study by SAP Center for Business Insight shows that digital transformation in healthcare is growing, the slow pace of that growth can be directly attributed how healthcare organizations are grappling with some of the most significant IT challenges. While the use and plethora of digital platforms have become standard, the resulting big data, the need for interoperability and real-time analytics, as well as the need for greater mobility and security, are all setting the stage for more challenges moving forward.

In the digital age, a comprehensive multi-cloud strategy is necessary in order to remain agile and innovative as you scale. In fact, IDC research indicates that over 90 percent of enterprise-scale organizations will be using multiple clouds over the next several years.

All business today use the public cloud in one form or another. As that usage grows and evolves, cloud maintenance becomes a more complex challenge. While the need for many aspects of that maintenance are visible, there are many that can grow and evolve out of sight of the business. To that end, here are five public cloud maintenance requirements you may not have considered.