Do the Benefits of Cloud Technology Outweigh the Risks?

Do the Benefits of Cloud Technology Outweigh the Risks?

The adoption of cloud technology has been experiencing a major growth spurt since the pandemic forced many employees to leave their offices and start working from home.

Microsoft CEO Satya Nadella said that the company had seen two years’ worth of digital transformation in two months as organizations large and small turned to its extensive portfolio of cloud services to stay open for business in a world marching to the beat of social distancing measures.

Now that the dust is finally starting to settle and organizations are finally settling into new work routines, many decision-makers are, once again, contemplating whether all the cloud technology they’ve recently adopted is worth the risks associated with it.

What Are the Main Risks of Cloud Technology?

The cloud, just like virtually any technology, isn’t without its fair share of downsides. These downsides stem predominantly from the loss of control associated with using someone else’s infrastructure to store data and process workloads over the public internet, and they include:

  • Compliance risks: Many organizations, such as those in the healthcare or financial industry, are required to follow various data protection laws and regulations. Achieving compliance with them is considerably more difficult when you have only a vague idea of where and how your data is physically stored, who has access to it, and how it’s being transmitted.
  • Vendor lock-in: Cloud migration takes some time, money, and effort, and there’s always the risk that your vendor of choice will fail to meet your expectations. The problem is that moving data and workloads from one vendor to another is not always easily possible, a situation called vendor lock-in.
  • Third-party data breaches: Cloud computing is not immune to cyber attacks. In fact, it increases the attack vector since it makes organizations vulnerable not only to data breaches caused by their own cybersecurity gaps but also by the cybersecurity gaps of the vendor itself.
  • Connectivity problems: Public cloud services and infrastructure can’t be accessed without a sufficiently fast internet connection. Meeting this requirement isn’t a problem for organizations with offices in densely populated areas, but it can be a major challenge for remote employees relying on their home internet.

So, Is the Cloud Worth It?

Despite the risks associated with it, the cloud is very much worth it. Why? Because its benefits outshine any disadvantages.

To start with, organizations that migrate to the cloud. Free themselves from the burden of costly IT purchases and infrastructure maintenance. The cloud can reduce their IT expenses to a single, predictable monthly payment that never becomes several times higher because of an unexpected hardware failure.

When business is going well, the almost infinitely scalable nature of cloud technology can seamlessly accommodate new customers, and scaling cloud resources back down is equally straightforward. All the nitty-gritty technical details are taken care of by the vendor, giving organizations plenty of room to focus on their core business.

Perhaps most importantly, the cloud provides the flexibility and capabilities modern organizations need to survive and thrive in these uncertain times. It’s fully compatible with the rapidly emerging hybrid work model, which allows employees to work both remotely and from the office.

Cloud Migration Without Headaches

As all cloud experts know, poor implementation is responsible for most cloud-related headaches, including almost half of all cloud security incidents.

If you’ve decided that cloud computing is the right choice (and it most certainly is), then you need to find someone capable of guiding you on your cloud migration journey, addressing each of the risks described in this article along the way.

And if you’re also located in Scottsdale and Phoenix, AZ, then we at Spectrum Technology Solutions are just who you’re looking for. With our 12+ years of industry experience, we can help you leverage existing cloud technologies to their full potential. Get in touch and schedule your no-obligation consultation.

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