Businesses are flocking to the cloud and that’s an understatement. According to IDC, global spending on public cloud services and infrastructure will more than double over the next five years, increasing from $229 billion in 2019 to nearly $500 billion in 2023.
For all the talk about digital transformation and even though cloud computing has been around for over a decade, many organisations, especially in a largely emerging market like ASEAN, are still merely dipping their toes into cloud or have yet to embark on a cloud journey. Therefore, it isn’t surprising that there still exists a lot of confusion and misinformation among those who don’t quite understand about cloud technology and how to leverage it effectively and correctly to bring their business forward.
This understanding is paramount. So here we list five cloud-related misconceptions that companies may still have, so that they may avoid falling into potentially costly traps later on.
1. You Should Migrate Everything to Cloud
If you read about the capabilities of the cloud and the growing number of services that it offers, you’d be highly impressed and think that it could be the solution to all of your IT related problems. But the cloud was never designed to be a one-size-fits-all, silver bullet solution. Instead, you have to take into account various factors in your cloud migration, such as strategic goals, cost and ROI, business and performance impact, viability and complexity.
Always remember that cloud is not an either-or proposition. You can actually enjoy the best of both worlds and optimise your IT budgets by having systems both on-prem and in the cloud depending on what suits your requirements. This is exactly why hybrid cloud deployments have grown to become so popular in recent years and is shaping up to be the most dominant cloud model.
2. Choose a Cloud Vendor and Stick with It
Every cloud provider offers a growing range of services, from storage to disaster recovery to security, AI and analytics. However, not all of these services are created equal. Some may actually be better designed, cheaper or integrate more effectively with your current applications.
Thus, organisations don’t have to choose just one cloud provider or platform as they migrate their business processes to the cloud. Multi-cloud is becoming a popular choice for today businesses as it offers various perks, such as the flexibility to choose the best that different clouds can offer in terms of services, products and prices.
By not relying on just one cloud service provider, organisations can also avoid vendor lock-in. Migrating to another provider should not be too much of a hassle if business functions are well distributed.
3. Cloud Is Not Secure
Among the biggest concerns that companies may have about moving to cloud is security. After all, rather than shifting critical data to a cloud server managed by a cloud provider that is physically located somewhere else, keeping all of the data on-site has to be more secure, right?
The truth is that this is one of the biggest myths about the cloud. For one, cloud service providers tend to make huge investments in cybersecurity to give their customers a peace of mind (more than what the typical organisation would be able to spend on the same), and they have strict data security policies and practices in place.
If fact, analysts and experts have pointed out that most of the cloud data breaches that have occurred in the past were not actually caused by a lack of security on the part of the cloud providers, but rather, the vast majority of cloud security failures are caused by user errors or misconfigurations.
4. Cloud Will Automatically Save You Money on IT
Cloud is often touted for its OpEx pay-as-you-use model that can help companies to significantly reduce upfront costs on IT infrastructure. Due to this notion, there’s a popular misconception that cloud is always less expensive than on-prem deployments.
It actually depends on what your workloads are and how you intend to use the cloud. For instance, cloud is most cost-efficient for demands and workloads that are variable and come in peaks and valleys as opposed to those that need a fixed amount of resources over a long period of time. In cases of the latter, owning your own infrastructure might prove to be the better long-term financial decision.
Therefore, it’s important for organisations to investigate how they can achieve significant efficiencies with new cloud technologies in order to maximise their cloud ROIs.
5. Cloud Is Not for Mission-Critical Use
Due to concerns in terms of security or reliability, many still mistakenly believe that mission-critical workloads have no place in the cloud as it is too risky to do so. It was long believed that cloud technology would always be more suited for test dan development as well as non-critical business applications.
However, now many are starting to realise that they have to start migrating their most critical applications to the cloud too in order to derive meaningful business insights from the data and to enable true business innovation.
Cloud technology has matured to the point where cloud providers are now providing higher levels of services and reliability to cater to mission-critical workloads.
In fact, with proper planning, the cloud could potentially be a much safer place to run such workloads than on-prem data centres. After all, cloud providers are able to provide the security, professionally managed services, equipped with the automation, economies of scale and tools that are more advanced than what most businesses are able to deliver themselves.
As such, the risk calculation has changed over the years and actually not moving to cloud has now become the bigger risk factor for many businesses.