The public cloud provides computing services over the public internet, allowing businesses to purchase resources based on storage, bandwidth, or other parameters. This type of cloud environment offers businesses cost savings, scalability, flexibility, team accessibility, and future growth. In contrast, a private cloud environment is a single-owner environment, meaning companies don’t share their resources with other users in the same environment.
Even though the exclusivity benefits of the private cloud may sound like a better deal, the public cloud is actually the most common and popular cloud option on the market today. In 2018, the public cloud services market totaled $182.4 billion and is estimated to grow an additional 17.5 percent this year, to $214.3 billion worldwide.1
No matter the industry, companies hosting data in the public cloud can be more agile and competitive in response to future data needs. Here are three main reasons for your business to consider migrating from a private cloud to a public cloud environment:
1. Reduce Total Cost of Ownership (TOC)
Velocity Technology Solutions has found that companies migrating to the public cloud achieve an average of a 40% reduction in TCO. These savings can fund future upgrades, such as technology investments or new data collection and analytics strategies, to help transform your business.
Operating a data center is a significant business expense. Purchasing equipment and hiring knowledgeable IT staff to implement and monitor its performance is costly. In a public cloud environment, a third-party partner provides the necessary hardware and server space, eliminating the need to hire and train IT personnel and conduct ongoing maintenance.
By partnering with a public cloud provider, your business will further reduce TCO by only paying for the services you need, such as by storage, features, and number of users. Additionally, many cloud cost structures are based on actual usage, so that companies don't pay excess. Businesses can choose the setup that best fits their objectives for organizational growth and cost savings.
2. Free Up Internal Resources
Having a service provider take over the ongoing application management and data storage saves company time and better allocates resources to the right tasks. With private clouds, finding external resources to fix the problem in a timely manner can be costly, forcing internal shifts to act on it to reduce downtime.
A public cloud provider ensures your data infrastructure is kept up-to-date on upgrades and compliance requirements, removing these tasks from employee workloads. By focusing your team on using the data to promote innovation instead of micromanaging its storage and transfer, a public cloud provider helps your business stay competitive.
3. Higher Reliability
According to a 2016 Ponemon Institute report, the average cost of a data center outage is $9,000 per minute.2 A data center outage brings business operations to a halt, causing direct costs and indirect costs, including damage to your brand reputation and customer confidence. Cloud hosting typically operates on high uptime service-level agreements, decreasing outage costs and improving productivity.
The need for reliable data hosting continues to drive business objectives. Currently, 80 percent of businesses demand 99.99 percent uptime from cloud providers (approximately 1 hour of total downtime per year); while 15 percent demand 99.999 percent uptime (less than 5 minutes total downtime per year.)3
Public cloud environments also help protect against failure by hosting on a vast network of servers rather than a single server in a private cloud environment. This adds an additional layer of protection against outages, providing backup servers to ensure data access in the event of an outage.
Partner With Velocity To Manage Your Public Cloud Environment
Maximizing cloud technology for a competitive advantage is key to the success of modern business. Adopting cloud computing in a public cloud environment builds the foundation for digital transformation, supporting an organization’s long-term strategies backed by the flexibility and agility needed to respond to a changing business environment.
But understanding the necessity and benefits doesn’t make the process any easier. To help your business get started and ensure long-term success, look for managed services partners that can provide the guidance and support you need.
Providers like Velocity Technology Solutions can help your business assess its current data center or private cloud environment, designing an effective process for migrating to a public cloud. Velocity is a trusted provider with extensive enterprise experience and the know-how to migrate and manage data centers in the public cloud.