Addressing the need for a secure cloud framework in order to incorporate an exponential rise in data
The desire to be at the forefront of this digital age is propelling consumers to be equipped with digital gadgets. Economies of scale and heavy market competition are enabling people from every segment to be equipped with digital equipment. Numerous people generating sundry data on a daily basis require a well-structured platform that would securely store and transfer data. With the cloud being an economical and convenient data management option available for organisations, it is the most preferred one for them to gain a competitive edge.
It is no denying that cloud technology comes with its own unique set of benefits as well as certain pitfalls. In the race between developers and hackers, it is the consumers that are at stake. The stored user data is not just analyzed but even sold to third parties. The ethical practices associated with data storage and related transactional processes need to be monitored, regulated, and secured in order to maintain user safety.
Factors driving data growth
Data appears to be growing not just in volume, but in types and forms as well. Earlier, data availability was limited to text and numeric only, but with the advent of technology, data is now available in multimedia, spatial, and time series format as well.
As machines are given a life of their own through Artificial Intelligence, the data that is needed to feed them (in order to train them) is humongous. It is more likely that this investment will result in reduced data management and operational costs in the coming years. Considering the recent developments, 5G is set to speed up all the data processes resulting in more scope and accommodation for additional data transactions. According to JLL, an American multinational company, 5G will spur the requirement for more data centers.
Smart marketing and social encouragement to use data are also increasing. Industries are encouraging users to use services that would need data and would result in more data so that more and more user data is generated and stored.
Existing loopholes and corresponding innovations in cloud security.
Of all the issues and threats to cloud computing, data loss remains one of the most challenges aspects of it. We all know how business critical information is invaluable and its security is a primary part of it. However, losing cloud data through accidental deletion, human error, or an attack could be detrimental for ogranisations. Also, a Denial of Service (DDOS), that occurs when the system receives too much traffic, can lead to data loss.
This is why, it is essential for companies to ensure that there is disaster recovery mechanism in place along with an integrated system to tackle malicious attacks.
Automation offers a ray of hope in the midst of this. AI and ML have promising applications in various sectors. This is one of the core segments that needs its support the most. AI/ML can possibly track real-time threat discovery minimizing the response time. Apart from AI/ML, Blockchain is a proven methodology for enhancing authentication which ultimately reduces the authorization issue. This way, we are ultimately depending on technology to preserve it.
“Security as a service”
With the world rapidly changing, our ways of securing enterprise information and resources also need to change. Apart from SaaS, Paas, and Iaas, we need an additional service i.e. Security as a Service. Third-party services have offered a sturdy and dedicated platform for organizations to rely on. Rather than depending on in-house security models, organizations mostly prefer outsourcing security services in spite of the fact that they face security threats.
Adopting SECaaS may offer a security model that brings great value and improves overall security framework of ogranisations. With SECaaS, organisations get an access to a pool of talent that specializes in security which is generally not available within an average organisation. With this, organisations get to work with the latest and most updated security tools that constantly provide a secure ecosystem for companies to function smoothly, an aspect that is crucial for cybersecurity. Cost saving is one feature that is often undervalued but is super valuable and profitable for companies in the long run. Security as a Service will result in reduced costs, scalability, and a much more focused internal IT ecosystem, which will lead to redirecting IT resources to more critical work.