The Lighter Side Of The Cloud – Efficiency
The Lighter Side Of The Cloud – Server Management
The Lighter Side Of The Cloud – Drone Removal Services

How to Avoid a Cloud Computing Gold Rush

How to Avoid a Cloud Computing Gold Rush

“The Internet is like a gold-rush; the only people making money are those who sell the pans.”
– Will Hobbs, American writer.

As you can see, equating computing with prospecting is not a new analogy. For those of you whose histories are a bit rusty, the Gold Rush was a manmade phenomenon in the 19th century when 300,000 people rushed to California to search for gold. While some did strike it rich, most returned empty-handed.

The Gold Rush had both a positive and negative impact on American history. On the negative, the migration resulted in the deaths of 100,000 Native Americans and rendered many prospectors penniless. On the positive side, it led to considerable development in California in terms of railroads, roads and small industries, converting San Francisco from an insignificant settlement to a boom town. The effect permeated to several other towns as well, accelerating the process of statehood of California in 1850.

So, why am I comparing cloud computing with the Gold Rush?

Well, for one, in spite of the fears surrounding cloud computing, there are several people at the end of the spectrum preaching it as the panacea for all IT ills. Secondly, there have been several instances of new entrepreneurs looking to get a slice of the pie. While some have succeeded, many have fallen by the wayside. After all, there aren’t too many Salesforce.com’s out there.

Thirdly, several bigger companies have joined the game. Now, this can be a double-edged sword. Involvement of big names can make the technology sustainable in the long run, unlike the dotcom boom; on the other hand, if a collapse does occur, it will be all the more spectacular, not unlike the financial markets during the sub-prime mortgage crisis. With HP’s recent big splash while entering the cloud computing pool, this factor has assumed additional importance (See: HP Declares Ambitious Plans in Cloud Computing Space)

Finally, there’s the case of inflation of cloud computing stocks. Their meteoric price rise may be a true valuation of the transformational nature of cloud computing, or, it could be all hype. (See: Are Cloud Computing Stocks Overvalued?). The opinions are split on this one.

So, how do we safeguard ourselves from the negatives, if they do arise? The following points are addressed to both the service providers and consumers of cloud computing products and services.

First of all, we should be realistic. Thinking that cloud computing will make all our IT issues evaporate is not being realistic. Thinking that IT problems can be mitigated, is. Second, we should consider all the possible risks of cloud computing, and work actively to address them (See: Cloud Computing Risks (And How to Deal with Them)). Working cooperatively is definitely recommended. (See: Can The RSA Conference Help Dispel Cloud Computing Security Fears? ).

Third, we shouldn’t stop innovating and learning. The latter point refers to learning both from unexpected quarters (See: Unlikely Lessons For The Cloud Computing Industry) and from mistakes (See: Gmail Outage – Is Cloud Computing To Blame? ). The Japanese philosophy of kaizen or continuous improvement can help safeguard the industry from complacence and ultimate failure.

Careful prospecting keeping the above points in mind can ensure that the cloud computing migration ends up as a gold rush for all stakeholders strike it rich.

By Sourya Biswas

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/

Sorry, comments are closed for this post.

Popular

Public vs. Private vs. Hybrid: Which Cloud Is Right for Your Business?

Public vs. Private vs. Hybrid: Which Cloud Is Right for Your Business?

Public vs. Private vs. Hybrid The debate surrounding the deliverability of cloud computing is coming to a close. Businesses have begun to rapidly adopt the use of cloud services, courtesy the ROI this disruptive technology brings to the table. They have finally realized they cannot afford to ignore the cloud. A Forrester study found that…

The Cloud In 2015: Eight Trends To Look For

The Cloud In 2015: Eight Trends To Look For

The Cloud In 2015 For organizations of all sizes, in 2014 the cloud emerged as a critical part of the default consideration set when implementing any new application – in large part due to the cloud’s proven ability to handle data storage and processing demands in an elastic manner, improved verifiable standards around data security and…

Cloud Infographic – The Future (IoT)

Cloud Infographic – The Future (IoT)

The Future (IoT) By the year 2020, it is being predicted that 40 to 80 billion connected devices will be in use. The Internet of Things or IoT will transform your business and home in many truly unbelievable ways. The types of products and services that we can expect to see in the next decade…

12 Promising Business Intelligence (BI) Services For Your Company

12 Promising Business Intelligence (BI) Services For Your Company

12 Promising Business Intelligence (BI) Services Business Intelligence (BI) services have recently seen an explosion of innovation and choices for business owners and entrepreneurs. So many choices, in fact, that many companies aren’t sure which business intelligence company to use. To help offer you a solution, we’ve compiled a list of 12 Business Intelligence companies…

Internet Of Things – Industrial Robots And Virtual Monitoring

Internet Of Things – Industrial Robots And Virtual Monitoring

Internet Of Things – Industrial Robots And Virtual Monitoring One of the hottest topics in Information and Communication Technology (ICT) is the Internet of Things (IOT). According to the report of International Telecommunication Union (2012), “the Internet of things can be perceived as a vision with technological and societal implications. It is considered as a…

Recent

Thinking About Doing Business In China? Consider This…

Thinking About Doing Business In China? Consider This…

Doing Business in China? Consider This…  China’s economy continues to outperform both regional and global markets with double-digit growth for the last decade. IDC believes China’s GDP will maintain growth around 7.2% until 2020, allowing GDP to reach US$18 trillion or 17% of the world total. And with a population of over 1.35 billion people,…

Big Tech Trends For The 21st Century

Big Tech Trends For The 21st Century

Tech Trends For The 21st Century When the historians of the future look back on the 21st century, what will they say? Inevitably, the biggest stories in the coming century will be political and environmental – wars, revolutions, and natural disasters always dominate historical memory. But perhaps more than any previous epoch, the 21st century…

The Lighter Side Of The Cloud – Inferiority Complex

The Lighter Side Of The Cloud – Inferiority Complex

By Al Johnson Are you looking to supercharge your Newsletter, Powerpoint presentation, Social media campaign or Website? Our universally recognized tech related comics can help you. Contact us for information on our commercial licensing rates. About Latest Posts souryaSourya Biswas is a former risk analyst who has worked with several financial organizations of international repute,…

Sponsored Posts

How To Keep A Cloud (And Your Data) Inside Your Borders

How To Keep A Cloud (And Your Data) Inside Your Borders

The Cloud And Your Data One of the greatest challenges for companies considering a move to the cloud is in its very global and seemingly borderless nature. As an Internet-based technology, it is easy to assume that any data sent from A to B can take any one of a thousand paths, routed through cities…

Contact Us

Contact Us
Sending
cisco_logo_100x100 vmware citrix100
Site 24x7 200px-KPMG


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Branded Content Programs

Advertising