According to Forbes, worldwide expenditure on Cloud computing services will be more than $141 billion in 2019. Despite the speculations regarding the trust factor, Cloud computing is ready to create new benchmarks.
In the post-Edward Snowden era, there have been considerable changes in Cloud security. Cloud computing companies are striving towards a more secure model for Cloud document management. Although security breaches will always be a concern for any online exchange, let us examine why it is a wise option to opt for Cloud computing backup services.
The most basic yet important step towards data protection is data encryption. This security measure is provided by all the Cloud hosting companies. The data is encrypted from the user’s end to the provider’s end and in the transit between data servers. This is the most secure way of protecting the data on the servers. The internal threat of data theft is a major concern. To avoid this mishap, online cloud storage service is the most feasible option.
But there are few loopholes in data encryption management as well. The data is at risk from the service provider’s employees who have access to the servers. It can pose a threat to the organization’s classified documents. The answer to this concern is key management.
The risk of data theft can be mitigated by assigning the key management to the clients. This is beneficial as the client can encrypt its own data. Encryption keys can be changed or managed while the data is dormant, in use or in transit. It will increase the cost on the provider’s end, but it will significantly diminish the security risk for Cloud document management.
It also ensures that service providers will not be asked for disclosure of data by government agencies. The clients will have access to their own data and hold all responsibilities. Government agencies need to request organizations to examine data if the need arises.
According to research by RightScale, Hybrid Cloud adoption has increased from 58 percent in 2015 to 71 percent in 2016. Hybrid Cloud allows you to manage your data on both Public and Private clouds. Hybrid Cloud is cost-effective because you can keep your confidential data on more secured Private Clouds and general data on Public Clouds.
Apart from Hybrid Clouds, usage of both Private and Public Clouds has risen considerably. Even so, there is a long way to go as only 10 percent of enterprises choose Cloud services.
Storing data on privately-owned servers incurs heavy investment. This requires a trained IT staff for the management and installation of servers and a vast array of security measures. With Cloud services for Cloud document management, you can save a lot of money. Security has already been beefed-up with strong encryption algorithms and key management ownership. Even so, financial institutions hesitate in hosting their data in the Cloud as they are the holders of the most confidential information.
Cloud services have increased in demand due to the regionalization of data centers. Most of the organizations are apprehensive when considering a hosting service in overseas data centers. As a suitable solution, Cloud service companies plan to install data centers in the customer’s region itself.
For example, Box plans to expand its services by operating data centers in Tokyo, Singapore, Ireland and Germany. This will help in reducing the cost for both the clients and the providers. It also leads the way to better and faster services, and enhanced security features.
Areas of Improvement for Cloud Computing
According to RightScale, the major challenge in the Cloud service sector is the availability of trained resources. The adoption of Cloud services for Cloud data management is increasing every year. Along with increasing demand for Cloud hosting, there is a need to expand infrastructure and the requirement of trained human resources to manage the processes.
About the Author:
Anushka Chakrabarti is an avid blogger of Docup, a company that does document management for individuals, tax professionals, and businesses of all sizes. She loves technology, especially Cloud technology. She writes on Cloud-based apps and works in the online Cloud file storage industry.