Data is now the heart of business operations. Choosing the right platform for storing, processing, and managing this vital asset is a paramount decision for organizations to achieve success. The plight that follows is to choose between on-premise and cloud hosting. The on-premise tools are not the most fashionable solution for businesses, however, in some cases, these are considered to be better solutions for database hosting.
According to Oracle and KPMG Cloud Threat Report 2019, 73% of respondents deem public cloud in the security aspect, however, most organizations are worried over employees not following the policies implemented for data protection. How do you make sure which database hosting is right for your business? The following are some key factors that a business needs to consider while choosing between cloud and on-premise hosting.
Scalability is the key strength of cloud-based solutions, whereas on-premise solutions involve an exhaustive procurement process in case of extending capabilities. For business expecting rapid growth, opening new facilities or expanding to new territories, cloud database hosting is more useful. They are also valuable for businesses in industries like retail, which experience significant variations in activity along with scaling up on-demand.
Cost of Ownership
Several businesses have now gained greater experience and understanding of the cloud. It has been noted that despite cloud computing’s potential to be relatively inexpensive, the total cost of ownership must be considered instead of upfront expenses when compared with on-premise solutions. However, companies can benefit from cloud-based models in case of dealing with single operational expenses.
Cloud providers continue to mitigate concerns related to control differences between public and private deployments through record-level security protection. This is something that is not within the budget of several organizations that eye on-premise solutions. Economies of scale that the cloud offers is more beneficial for businesses having a limited budget.
Reliability and Speed
The reason why the on-premises solution has traditionally reigned the IT organizations is the presence of data within an organization, whenever needed. The responsibility of the infrastructure lies in the hands of the company and issues such as speed limitations, lag or latency caused by internet connectivity are eliminated. Currently, every established cloud provider offers a robust uptime guarantee and firms are entitled to compensation if the claims are not met. However, even a bit of leeway for downtime is unacceptable for organizations, which cloud providers understand well and continue to emphasize this as one of their top priorities.
The Move to Cloud Database Hosting
According to Gartner, nearly 75% of databases are poised to be migrated or deployed in a cloud platform sooner than we can guess. The consulting giant believes that operational systems are also migrating to the cloud, particularly with conversion to the SaaS application model. Major providers seem to agree with this assessment. Strong customer demand is encouraging these providers to enhance their autonomous capabilities.
The benefits of migrating databases to the cloud rely on choices made. The key to a successful migration is selecting the right service available in the market, which best fits your requirements. Securing your database on the public cloud will not only entail cost benefits but also improve various attributes of the database including security, scalability, data recovery, availability, and performance.
As the trend of moving databases to the public cloud becomes more and more pervasive, the services running on these are becoming new data management platforms.