Tag: public cloud

Chief financial officers (CFOs) know that the cloud can save them money. Yet as they pore over their income statements, many CFOs are concerned to see that their cloud costs are skyrocketing every month.

According to our survey, overwhelming majority of South African companies concerned about cloud security. In a local survey of 500 CTOs, Directors, C-suite respondents and business owners, we reveal that 89% of South African business leaders view cloud security as a major concern.

While South Africa has fended off the threat of recession after recording a slight growth in the first quarter of 2023, the global tech industry is still being cautious as it prepares to weather a storm. Tech companies are looking at optimising their costs across the board, with one such area topping the list of CIOs’ being controlling cloud expenditure.

Data is immensely valuable to all organisations, a significant resource for the digital economy and the ‘cornerstone of our EU industrial competitiveness,’ says the European Commission. But its value is determined by how it can be protected and used by those who own it.

The world has changed immensely since on-premise infrastructure was considered the best option for company applications. Today, most companies have begun shifting toward off-premise options, such as cloud and co-location.

The world of financial services is changing – for the better. A multitude of virtual banking and payment options, cardless and accountless services, and now, Banking as a Service (BaaS) are making financial inclusion the norm instead of a privilege.

Hybrid IT and hybrid cloud are terms that we are continually confronted with. Still, when asked to explain what this translates to, there is often a pause in the room as people try and ascertain if it's hybridity or multi-cloud, which we are referring to.

An entire continuum of cloud solutions now exists across the organisation, spanning public and private clouds, applications, data, edge devices, and Internet of Things (IoT) connectivity. They were combined with the need for flexible 'anywhere, everywhere' access.

While the general opinion by industry observers is that organisations will virtualise the majority of applications and workloads and move to the public cloud – with the public cloud representing up to 80% of companies' infrastructure footprints – most businesses have pivoted to a hybrid approach in response to the need for more balance.

The cloud infrastructure market is likely to be the battleground of the immediate future. Globally, the cloud is booming with the combined public cloud infrastructure as a service (IaaS) and platform as a service (PaaS) segments forecast to have revenues of $400 billion in 2025.