The latest Weekly Cloud Trends, here at Hentsu, convey a sense of substantial progress when it comes to investments in cloud computing. Major corporations are pouring large pieces of their capital into cloud technology, and cloud-based businesses. This is particularly the case on the current banking, financial services, and hedge fund front.

Why Capital Markets Must Embrace Change and The Cloud

According to FT’s story, major companies such as HSBC, Goldman Sachs, and Deutsche Bank (in addition to others) are expanding their agreements with big cloud providers. Investments are now speeding up and the market is changing to befit the current economic landscape. As we have reported back in July, Google has partnerships with Goldman Sachs and Deutsche Bank. In fact, it was recently noted that “the drive to go digital will only intensify following the pandemic, which means that everything from market data to legal agreements to risk management is ripe for disruption. Many, if not all of these activities will be underpinned by cloud technology, which in turn opens the door to a whole range of data services, AI, distributed ledger technology, digital services, and many more. To take full advantage of such technologies, the great capital markets cloud migration needs to begin now.” Continue reading at Forbes.

IBM CEO Arvind Krishna Wants to Completely Transform His Organization

IBM is, once again, confirms its plan to shift the company’s well-known strategy for the upcoming business year. During an interview with CNBC Evolve summit, IBM CEO Arvind Krishna revealed his intentions to concentrate on “transforming his organization.” The goal is to create a hybrid cloud management vendor, moving forward. In short, this indicates that IBM “instead of trying to primarily sell its own infrastructure or software services — although it will continue to do that — it will concentrate on leveraging Red Hat, the company it bought for $34 billion in 2018, to help customers manage their hybrid environments regardless of location. That could be on-prem or it could be with any of the public cloud providers or anything in between.” Discover more at TechCrunch.

Amazon to Invest $2.8 Billion to Build its Second Data Center in India

Cloud giant Amazon uncovered the info that it intends to invest approximately $2.8 billion into setting up a new AWS Cloud region in India. Word is “The investment will allow Amazon to launch an AWS Cloud region in Hyderabad by mid-2022, said K. T. Rama Rao, Minister for Information Technology, Electronics & Communications, Municipal Administration and Urban Development and Industries & Commerce Departments, Government of Telangana. The new AWS Asia Region will be Amazon’s second infrastructure region in India, Amazon said in a press release. It did not disclose the size of the investment.” “The new AWS Asia Pacific (Hyderabad) Region will enable even more developers, start-ups, and enterprises as well as government, education, and non-profit organizations to run their applications and serve end-users from data centers located in India,” the e-commerce giant said. “Businesses in India are embracing cloud computing to reduce costs, increase agility, and enable rapid innovation to meet the needs of billions of customers in India and abroad,” adds Peter DeSantis, senior vice president of Global Infrastructure and Customer Support, AWS. Read on.

Date/Time

Date(s) - 01/01/1970
12:00 AM - 12:00 AM

Location

600 5th ave. NY, NY
[et_pb_section fb_built="1" _builder_version="4.1"][et_pb_row _builder_version="4.1"][et_pb_column type="4_4" _builder_version="4.1"][et_pb_text _builder_version="4.1" link_text_color="#000000" hover_enabled="0"]Cloud implementation, particularly in the Financial Services or hedge fund space, requires meticulous planning. This year has seen an increase in cloud usage worldwide. Companies are approaching Hentsu, not only to inquire about vital cloud adoption methods but also to discover more about the general state of the cloud space. For that purpose, we emphasize some of the most important numbers from the business and investment world, specifically touching on the growth and evolution of the cloud market, the usage of public cloud vs. private cloud, the utilization of public cloud providers, and so on.

Cloud Adoption Statistics and Cloud Growth in 2020

Business pressures are rising, but the cloud market is expanding, to say the least. Based on research conducted in 2020, business owners are eager to tap into the cloud. In many cases, company CEOs are completely aware of the advantages of cloud tech. Stats show that certain businesses are being cautious with cloud adoption, but quite a lot of others seek to embrace cloud trends. Incorporating rapidly evolving cloud technologies seems like a risk to some, while many still see the process as a leap in the right direction. Questions are also being raised regarding the impact of COVID-19, although ample statistics reveal the pandemic did not create any critical points within the cloud space. Quite the contrary, in fact. Businesses are looking for tools that help them spin-up resources fast and easy. They are also on the lookout for straightforward cloud deployment methods. To that end, the infographic you see below singles out interesting data related to the usage of public cloud tooling such as Terraform and Ansible. In addition, we focus on some of the reasons businesses are adopting cloud. Research carried out in 2020 goes beyond mere public cloud statistics and delves a bit deeper into enterprise IT budgets for public cloud spend, investment into public cloud across various fields including Manufacturing, Education, Government, Financial Services, and more. To discover more, DOWNLOAD or view our deep-dive infographic below:[/et_pb_text][et_pb_image src="https://3bb4f13skpx244ooia2hci0q-wpengine.netdna-ssl.com/wp-content/uploads/2020/10/2020-Public-Cloud-Statistics-01-scaled.jpg" url="https://hentsu.com/wp-content/uploads/2020/10/2020-Public-Cloud-Statistics.pdf" url_new_window="on" _builder_version="4.1"][/et_pb_image][et_pb_text _builder_version="4.1"]

*Important note: A huge thanks to Gartner, CNBC, Statista, Forbes, and other reliable sources, as cited below.

Sources:

https://www.forbes.com/sites/louiscolumbus/2020/04/12/the-state-of-cloud-business-intelligence-2020/
https://www.cnbc.com/2019/04/22/apple-spends-more-than-30-million-on-amazon-web-services-a-month.html
https://www.fintechnews.org/how-cloud-computing-is-driving/
https://www.information-age.com/downloads/multi-cloud-fundamental-to-financial-services-transformation/
https://www.gartner.com/en/newsroom/press-releases/2020-07-23-gartner-forecasts-worldwide-public-cloud-revenue-to-grow-6point3-percent-in-2020
https://www.statista.com/statistics/511293/worldwide-survey-cloud-devops-tools/
https://hostingtribunal.com/blog/cloud-computing-statistics/
https://www.mcafee.com/blogs/enterprise/cloud-security/working-from-home-in-2020-how-cloud-use-changed/
https://www.flexera.com/blog/industry-trends/trend-of-cloud-computing-2020/
https://techjury.net/blog/how-many-companies-use-cloud-computing/

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Date/Time

Date(s) - 01/01/1970
12:00 AM - 12:00 AM

Location

600 5th ave. NY, NY
Singling out the key public cloud benefits is not as simple as you might think. There are many things to consider in a complex and highly competitive market. When moving to the cloud, you have to decide which type of cloud environment is best suited for your business. Before you do that, take the time to properly delve into the key differences between the public and private cloud. The next step is to understand the fundamentals of public cloud, and what they can mean in today’s technology market. Successfully implementing cloud-based functionalities and tooling into your workflow can be tricky and challenging. Fortunately, cloud tech continues to evolve at an astounding pace. Setting up your own cloud-powered business has never been easier. Companies now infuse every aspect of their business the following advantages of public cloud:
  1. Public Cloud Services with Scalability
  2. Amazon, Microsoft, and Google Work for You
  3. Fast and Simple Set-Ups
  4. Cost-effectiveness
  5. Business Continuity and Resilience
  6. Speedy Data Recovery
  7. Security Through Multitenancy
  8. Lightening the Workload for IT Staff
  9. Agility for Companies Big and Small
  10. GEO Flexibility and Powerful Global Presence
  11. Reliability and Failing Fast

1. Public Cloud Services with Scalability

Many large companies are fully aware that public cloud services add a handy auto-scaling part to their business operations. Scalability is highly present in various PaaS and SaaS scenarios. Virtual machines (VMs) in public cloud can be easily created, scaled, upgraded, downsized corresponding to business needs, of course. Workload balancing becomes a cinch, especially when compared to traditional on-prem conditions, which usually involve tough to keep, server-heavy computing methodologies.

2. Amazon, Microsoft, and Google Work for You

Public cloud providers such as Google, Amazon and Microsoft are constantly competing to create innovative services and solutions. Their goal is to streamline your business, through collaboration powerful tooling and more. For that matter, technologies, tools, and software are constantly updated. Maintaining the cloud stops being a problem and quickly becomes a solution. Using powerful, well-polished infrastructure from industry-leading cloud providers, dramatically reduces any hassle or headaches you would otherwise experience with things like system and server maintenance. Users or clients are free to focus on production, development, and testing.

3. Fast and Simple Set-Ups

Normally, you should be methodical and careful when switching to public cloud. However, setting up public cloud for your business can be completed within hours if necessary. Deployment and configuration can be handled remotely, and it will not be much of a bother for your IT team.

4. Cost-effectiveness

Managing things like bandwidth, hardware, application improvement, can be a predicament. With the public cloud system, such responsibilities rest with the provider. This effectively reduces capital spending right from the start. There are little to no initial investments. Another extremely important financial aspect is using the pay-as-you-go model. Payments are made monthly or annually, albeit resources are only used as needed.

5. Business Continuity and Resilience

Digital transformation is not just a mere buzzword. It is very much a reality, thanks to diverse public cloud benefits. Migrating your legacy applications to the cloud future-proofs your business and ensures continuity. In addition, your applications are constantly kept fresh, up-to-date and

6. Swift Data Recovery

Multiple infrastructures are available within the public cloud. This effectively reduces difficulties when deploying a disaster recovery plan. With public cloud, there is a minor risk of significant data loss. Also, businesses do not have to waste valuable time when transferring backup data from their own local in-house servers to recover critical data following a disaster. The public cloud handles this through an automation process, which involves quick data recovery with any mishaps or errors.

7. Enhanced Security Through Multitenancy and Fast Data Recovery

Public cloud providers put a high emphasis on security. Also, using public cloud infrastructure denotes a multitenancy foundation. So, you have multiple users on a single server at one time. However, the data stored by users stays safely stored and isolated from other users.

8. Lightening the Workload for IT Staff

This effectively ties back to the public cloud being cost-effective. Companies give massive budgets for computing costs, and IT staff training and education. The reason is that expert IT engineers are difficult to find and are typically quite expensive. Once your business hops on the public cloud, any cloud management or cloud-related services are handled externally. Internal teams can, therefore, free of stress, added training and can concentrate the core business.

9. Agility for Companies Big and Small

To stay afloat in today’s dynamic digital market, companies are accelerating public cloud adoption. Regardless of the business nature, they turn to the cloud for provisioning resources, handling complex workloads, big data management, using cloud-powered tools, innovative technologies, and so on. Agility is a primary characteristic of the public cloud space. Issues and challenges of a technical nature are severely reduced. Everything quickly shifts towards quality of service because you can prioritize tasks towards better client satisfaction. You effectively streamline in-house operations, thus improving delivery, collaboration, data gathering, data management, rollout efficiency, and more.

10. GEO Flexibility and Powerful Global Presence

Public cloud providers, with their massive networks of servers, network bandwidth, IT resources, make powerful cloud infrastructure available worldwide. Remember, Amazon, MS and Google also have data centres in various countries, so you can select according to business needs. So, if there is any sensitive data that needs to stay within a certain GEO location, the public cloud allows you to simply select the data centre from a specific region.

11. Reliability and Failing Fast

The well-known maxim of ‘failing fast’ has helped define the purpose of the public cloud. Historically, the public cloud environment is always based around well-thought-out architecture and designing to fail fast. On-prem or private cloud (data centres, if you will) is known for having a network of servers that can experience failures quite often. Now, keep in mind that public cloud also experiences outages and failures. However, recent research has shown that public cloud IaaS workloads will experience 60% fewer security incidents than traditional data centres by 2020. What is more, Gartner forecasts that by 2025, 99% of failures in cloud security are going to cause by customers.

Date/Time

Date(s) - 01/01/1970
12:00 AM - 12:00 AM

Location

600 5th ave. NY, NY