This article is about Cloud Computing
Common Myths About Cloud Computing
By NIIT Editorial
Published on 19/04/2021
Cloud computing has grown manifold since its orientation to the IT world in the early 2000s. In fact, its subsidiary branches have achieved a multi-billion dollar valuation. Infrastructure as a Service (IaaS) is expected to be valued at $82.2 billion by 2022, Platform as a Service (PaaS) at $69 billion and Software as a Service (SaaS) at $138.3 billion by 2022.
With each passing day there appears to be new additions to the commonly used terminologies and concepts deployed by the industry. Understandably, for those outside, preconceived notions do a lot of misguiding. Therefore, we’ll take some time out today and debunk the most common cloud computing myths.
Myth #1 - Cloud Environments are Susceptible to Hacks
COVID-19 accelerated the move towards cloud adoption. In 2019, the market valuation was estimated at USD 233 billion. However, by the end of 2021 this number could be capped at USD 295 billion. This would be a CAGR of 12.5%. The northward shift towards cloud is attributed to remote work patterns emerging across the world.
At the same time, it has also led to a growing and commonly accepted fact that cloud servers are more vulnerable to hacks. While theoretically it is possible to sneak into such systems but it ain’t as simple as it sounds. Information security systems are assigned to analysts that maintain 24/7 vigil with automated algorithms. They are designed to detect anomalies in software behaviour and eject adversarial attacks such as malware, DDoS and man-in-the-middle attacks.
The most common types of cyber attacks are either caused by human error or negligence not by virtue of a software being hosted remotely.
Myth #2 - Cloud Computing is New
Call it ignorance or an obstinate tendency to not consider cloud as part of the mainstream, but people still fan the flames around the notion that cloud computing is something of an infant in emerging technologies. Another accompanying belief is that cloud computing is fad and that it will be replaced, sooner or later with the next best solution.
The same lot will be shocked to learn that cloud computing has been a growing spectacle for the last 20 years. The entry of Amazon Web Services (AWS) which was incorporated in 2002 corroborates this claim. Through the last 2 decades, the cloud has undergone numerous iterations and refinements as a result of which we see niche segments like IaaS, PaaS, and BaaS.
Myth #3 Cloud Adoption Means Losing Control on IT Systems
Outsourcing IT management requirements to a third party vendor means you are passing on the responsibility to store and process data to someone else. Assuming the demand for your services picks up, it is a resource-intensive task to hire in-house experts, pay them salaries and invest in IT equipment.
On the other hand, cloud vendors act as a centralized solution for such on-demand resources where you can manage the expenses on a pay-as-you-go basis. A reliance on cloud computing translated into an accurate governance of IT management.
Myth #4 Cloud Computing results in IT Job Crunch
For in-house IT analysts, the passing-over of database responsibilities doesn’t always mean a job cut. In legacy businesses, such employees often turn into technical advisors adjudicating the daily operations as an administrator to mitigate redundancies.
Another upside to this shared-responsibility model is that in-house personnel can be reassigned to more productive tasks tied to internal processes.
Myth #5 Transitioning to a Cloud Server is Easy
Whether you have pre-existing cloud vendor tie-ups or are starting from scratch, ground-up planning is key to successful transitioning. Factoring in the expenditure, resource-consumption, and query resolution time is critical as in the absence of these a cloud-ready foundation is hard to envisage let alone realize.
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