In the cloud industry, each week, new things are happening.
We made a list of 10 stories about cloud computing. From Trust, Open Government, Platforms, Revenues, Enterprise, AI, Acquisitions, Cloud Security, Cost Optimization, Financial, Collaboration, and Public Sector, the list prove each industry is disrupted by the cloud integration.
Here is a list of This Week's Top Stories About Cloud Industry:
1. Businesses are finally starting to trust the cloud
Nominet's research found that 71 percent of those surveyed were either moderately, very or extremely concerned about malicious activity in cloud systems.
When it came to their biggest concerns regarding cloud security, 56 percent of respondents cited fines for data leaks while 54 percent worries about the increasing sophistication of cybercriminals.
Read More about Businesses are finally starting to trust the cloud
2. OpenGov acquires ViewPoint Cloud, to add licensing and permitting functionality to its platform
In the same week that it announced a $51 million round of funding, OpenGov — the startup that provides SaaS software designed to help governments and other civic organizations run their operations — is announcing an acquisition to expand the kinds of tools it provides to customers.
The company has acquired ViewPoint, a platform used by city governments — customers currently number 200 towns, cities, counties, and state agencies — to manage building codes and other similar databases, as well as interface with the public to apply for permits and licenses related to those rules and regulations.
3. MongoDB revenue soars on customer growth and enterprise cloud platform choice
MongoDB added 800 new logos in its second quarter to bring the total customer count to 15,000, essentially double where the firm was at this time last year.
Financially, Q2 revenue was up 67% year-on-year, while the operating loss was halved year-on-year to $14.8 million.
Subscription revenue was $94.2 million, up 71% year-on-year, while professional services revenue was $5.2 million, up 15% year-on-year.
In the past decade, cloud computing has gone from being seen as a cost-saving way to store data and applications to becoming an integral part of advancing AI and other cognitive capabilities in the enterprise.
In fact, a recent survey by Deloitte found that 49% of companies that have deployed AI today are using cloud-based services.
“Cloud adoption is motivating enterprises to undertake more proofs of concept in their firms with AI because it’s easier than ever before to get started,” said David Schatsky, managing director at Deloitte LLP.
According to Schatsky, this path is also becoming more attractive to enterprises as cloud providers continue developing AI offerings to business functions, without big upfront costs.
Read more about Is the cloud and AI becoming two sides of the same coin?
5. Microsoft buys start-up Movere to help businesses move work to the cloud
Microsoft’s effort to get more businesses onto its Azure public cloud is poised to get an assist from the acquisition of a start-up called Movere.
Movere’s technology helps IT administrators better understand how data center tools are used and then figure out the best options as they move into the public cloud.
Microsoft said in a blog post on Wednesday that it bought Movere to make “migration an easier process for our customers.”
6. The transitive property of cloud security - the weakest link can be the one you didn’t know existed
Cloud services have been of enormous benefit to enterprises by delivering infrastructure and applications without the overhead of owning and operating complex IT systems. However, the more we use them, the more apparent it becomes that by introducing additional abstraction layers and interdependencies for infrastructure, applications and authentication, cloud services expose users to significant unforeseen security vulnerabilities.
These generally seep through the seams been service providers and their customers and exploit the often transitive nature of access rights within a multi-tenant cloud service.
How can you address these challenges and ensure that your cloud-computing bill stays under control? Consider the following tips and best practices.
- Use third-party cloud cost monitoring tools.
Cloud vendors might not be in the business of helping you spend less on their platforms, but third-party companies do offer these types of solutions.
Their tools monitor your cloud workloads to identify unused resources (such as a database that is running but is not attached to any application).
They can also make recommendations about how to “right-size” your workloads by, for example, selecting a virtual server instance that is less expensive but will still meet the needs of a given workload.
Read more about 5 Cloud Cost Optimization Tips
8. Three’s a Cloud! One of the ‘Big Three’ Cloud Providers Set to Lose Out in Financial Services as they Jostle for Supremacy
A new report released by the intelligent and predictive multi-cloud management platform, YellowDog, predicts that one of the big three cloud providers is set to lose out as UK financial institutions start to consolidate their cloud strategies – despite the fact that multi-cloud is expected to take off in the next five years.
The report, which gathered insights from cloud decision-makers from the UK and US’s largest financial institutions and is titled Cloud Busting: Dispelling the Myths Surrounding the Future of Cloud in Financial Services, shows that the adoption of multi-cloud strategies will rise dramatically. The proportion of companies using 4+ clouds is set to double, and those currently using 1 and 2 clouds will also be managing an increased number of cloud providers within five years.
Canberra-based Archtis has picked up the Australian Attorney General's Department (AGD) as the first government client for its "content and collaboration" cloud platform, Kojensi Gov.
Signing a commercial contract with AGD, Archtis said it will see a minimum pool of 50 departmental users on its Kojensi Gov platform.
The company expects the number of users to grow with the uptake of the service across the department.
AGD boasts a workforce of over 1,400 employed both in Australia and abroad. It is expected that staff will use Kojensi Gov for secure collaboration with external government and non-government agencies.
Archtis said AGD will also offer it as a service to future Royal Commissions.
NHS Shared Business Services (SBS) has set live a two-year IT framework aimed at streamlining the procurement of cloud services for the entire public sector.
A total of 24 suppliers have made it onto the organization’s four-lot Cloud Solutions Framework, which NHS SBS has previously touted as a way to provide public sector organizations with a “compliant and simplified” means of procuring off-premise services.
These include NHS organizations, but also local authorities, police forces, educational institutions, and others, with the framework’s four-lot design aimed at providing them with services and support for every step of their journey to the cloud.