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5 top cloud computing myths debunked

Cloud technology has grown in the past decade and is expected to become an 186.4 billion market by the end of this year— rapidly emerging as a staple not just in large organizations, but medium-sized companies as well. Despite its broadening use and perceived value in businesses, cloud technology is still prone to myths and skepticism on its real value.

With security breaches making headlines every day, companies are hesitant to make the shift and wonder if storing data in the cloud is as secure and resilient as proponents claim. The reality is, it has been widely proven that cloud technology can offer professionals in particular speed, efficiency, security and, above all, transparency.

Although the upsides are obvious, they need to be accompanied by several measures to facilitate security and fraud protection, ensuring a safe and sound environment for sharing information and staying in control.

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Let’s examine the top myths and misunderstandings of the cloud vs. the realities.

Myth 1: Data in the cloud can be easily accessed by unauthorized persons

Reality: On-premise installations suffer more breaches than their cloud-based counterparts, according to a KPMG study. Why is this the case? An on-premise system can be a known and easy target for criminals. With cyberthreats constantly evolving, it’s difficult for companies to stay on top of things and ensure the on-premise system is secured. However, if data is properly stored in the cloud, run and monitored by a specialist, it is less likely to suffer a breach.

Myth 2: It’s difficult to transition payments to the cloud

Reality: It’s fairly easy to transition payments to the cloud – all you need is a software connector. Cloud-based payment solutions can be deployed in a fraction of the time required for on-premise systems. The technology makes payments automation scalable and adaptable for businesses of all sizes. The “difficult” part is determining how much you want to outsource. Flexibility is a huge benefit of the cloud and ensures customers of all sizes can transition and adapt easily.

Myth 3: The cloud requires a lot of upkeep and updates

Reality: One great benefit of the cloud is that services are managed through your cloud provider. The automatic updates take away the complexity of software maintenance, freeing you from the burden of maintaining the system yourself or worrying if your data is fully secured with the latest updates.

Myth 4: Upkeep for the cloud is expensive

Reality: The cloud has a low total cost of ownership, especially if given a subscription-based model which minimizes the cost of the hardware. In addition, with the increasing investments into cybersecurity by cloud service providers, organizations can spread payments over many clients, eliminating the need for organizations to make these investments individually.

Myth 5: GDPR controls are outlawing the cloud

Reality: The opposite is true. GDPR is regulating how EU citizens store and use data in the cloud. Since there is no GDPR certification as of yet, companies are responsible to govern their own and the service provider’s personnel. As long as your cloud provider is GDPR-compliant, there’s nothing to worry about.

Conclusion

The cloud is a fundamental pillar of the ongoing digital transformation, making it possible to access application for business operations via the internet as opposed to installing them physically onto a local system. It’s clear cloud technology enables streamlined processing, automation and simpler integration of different teams, subsidiaries and business units.

Once the benefits are revealed in practice, the myths and legends surrounding the ‘cloud’ that have built up over the years become just that, unsubstantiated tales. Any company that wishes to add value to their organization will soon find the reality so much more appealing.

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