A report from Report Linker states that the global cloud computing market is expected to reach USD 623.3 billion by 2023.
For business owners, the cloud is a critical factor while determining the expansion strategy of their company. Cloud offers a plethora of advantages, including agility, cost benefits, improved productivity, among others. Considering the growth of the cloud service industry, Gartner notes that over 30% of companies believe cloud is an essential investment for the future. However, as the world focuses on digital transformation, particularly cloud-related services, an important question remains: selecting the right cloud vendor. Here is a guide to choosing your cloud partner for the long run.
Data governance and security
Data is now more viable than oil. With that being the case, security takes precedence to all other factors while determining the right cloud vendor. The growing emphasis on data security has improved the data encryption techniques adopted by vendors to prevent cloud data leak. The ever increasing compliance standards, including ISO 27001, PCI DSS, HIPAA, and FedRAMP, support cloud implementation across industries. As vendors adhere to compliance protocol, SaaS models have improved multifold, thus fostering confidence among organizations.
Service dependency and partnership
Service Level Agreement (SLA) is a standard procedure for all vendor relationships. However, it is considered a key parameter in the selection process as it defines everything that the vendor will offer. Perusing the SLA with a fine-tooth comb will help determine the vendor’s dependability and if the service agreement is in favor of the organization. SLA is one of the vital driving factors from data storage and usability to service support during emergencies and downtime.
Pricing is a critical factor in determining the cloud vendor. While deciding the right partner, understand the details of the offering against the features. The price is primarily inclusive of storage, setup, and other services provided. While the pricing among vendors is competitive, features, and strength of their offering come into play. It is also essential to understand the type of payment structure vendors follow. Monthly subscription fee and upfront flat fee are some of the standard methods. For a quick comparison of Pappaya Cloud’s service offerings against the market competition, click here.
Organizations that are projected to expand to new locations can benefit from cloud implementation. The cloud solution can scale and meet a growing organization’s demands without the risk of disrupting the business. When operations expand, multiple users must have the ability to work without disruptions. High-Performance Computing (HPC) servers help in real-time execution of heavy-duty tasks for optimum performance. Cloud solutions with HPC offer stability, thus ensuring a quality ecosystem.
Cloud is as wide as the sky, with the technology evolving constantly. While features and SLA are determining factors, tech support is critical to deciding the company’s vendor. Understanding how critical issues, including downtime and system failures, will be handled is as important as establishing a working relationship with the vendor for other minor issues. Usually, it is recommended to select a vendor that offers unlimited 24*7 support across regions to ensure the business’s smooth functioning.