Every venture, however big or small needs to manage its documents and other sensitive data, in a simple easy-to-use solution. In short, you need the best cloud storage for documents. So, is managing data on the cloud more secure than using an on-premises (on-prem) data center?
We propose: Migrating to the cloud is far more efficient than keeping everything on-premises.
Today, we explore the facts and rationale behind why the cloud is, in fact, more secure and in the end, you’ll agree it’s better to migrate to a secure cloud infrastructure.
Why Cloud?
Everyone knows a cloud is just a remote data center. Datafortress might be a better term because it is far more secure, efficient, and reliable than 99% of the solutions out there.
Clouds come with the advantage of smart allocation of computational resources. Which is a fancy way of saying a cloud is a virtual computer that you can rent.
The term cloud is most popularly used for storage, as that is a business’ most immediately scalable need. Dropbox, Box, iCloud, et al. are great examples of online storage.
Cloud vs On-Premises/Data Centers:
On-Premises solutions consume more power
On-Premises Solutions consume significantly more electricity, which translates to a substantial cost. For instance, a single server can consume between 500 to 1,200 watts per hour. 850 watts multiplied by 24 hours yields 20,400 watts, or 20.4 kilowatts, each day (kWh). In which case a remote solution such as a cloud would be more cost-effective.
‘In 2020, the data center industry consumed around 196 to 400 terawatt-hours (TWh).’ – AKCP
Cloud Solutions are cheaper and more reliable for your company
The Cloud is overall a more cost-effective option because it also mitigates the burden of physical maintenance, in addition to no hardware or electrical costs. In fact, by switching to the cloud, businesses can save an average of 15% on all IT expenses. You can also split costs for cloud services with other subscribers, making it all the more affordable.
Why the Cloud is more secure than on-premise
- Security Administration
The cloud facilitates quick access to enhanced identity restrictions and environment hardening for your Identity and Access infrastructure. Cloud Service Providers (CSPs) have created advanced authentication and access control systems.
‘Through 2020, public cloud infrastructure as a service (IaaS) workloads will suffer at least 60% fewer security incidents than those in traditional data centers.’ – Gartner
- Superior Standards
Implementing cloud-based solutions for your organization is sure to provide a higher level of security than your in-house IT team or a locally administered system. CSPs possess the expertise essential to provide a more secure environment for your data.
Human mistake is responsible for 95 percent of cyber security breaches, according to the IBM Cyber Security Intelligence Index Report.
‘By 2025, 99% of failures in cloud security will be due to user error and not failures of the cloud.’ – Gartner
- Data Encryption
Robust data encryptions inside cloud-based security systems have significantly reduced the likelihood of data breaches by providing a layered approach that includes security intelligence, key management, and safe access restrictions. Businesses are able to select which users have access to the cloud.
According to a study done by Gemalto. a leading figure in digital security, 70% of consumers said that they would avoid companies that experienced a security breach.
In the past seven years, the average overall cost of a data breach has increased by the biggest margin. The expenditures associated with data breaches grew dramatically from 2020 to 2021 according to the Cost of a Data Breach Report 2021, rising from $3.86 million in 2020 to $4.24 million in 2021. The rise of $0.38 million ($380k) implies an increase of 9.8 percent. Additionally, according to the 2020 report by IBM, the average cost of cyber security breaches due to human error was $3.33 million.
- Physical Access
Unlike most known settings, CSPs have extremely stringent physical access control rules and enforcement. CSPs protect your data with anonymity, replication, and encryption.
By 2025, 80% of businesses will have abandoned their physical data centers in favor of cloud infrastructure services, up from just 10% currently. – Gartner, ‘The Data Center is Almost Dead’
- Vulnerability & Patch Administration
Using a combination of purpose-built tools, automated and manual penetration testing, software security assessments, and external audits, CSPs are vigilant about finding vulnerabilities and implementing patch management. They have teams of ethical hackers aiming to break into their systems in order to identify and patch vulnerabilities prior to an attack.
‘Microsoft defends against 7 trillion cyberthreats per day and invests over $1 billion annually in cybersecurity R&D.’ – TechRepublic
“Cloud file storage can lower costs, increase the agility of transactions and ensure the security of your files.” – DocuSign (Folderit Partner)
Folderit The Best Cloud Document Management System for Businesses
Folderit is rated the most user-friendly Document Management System (DMS) in the world by Capterra, and you get all of the above and then some with a sign up.
