Principles of an Effective Cybersecurity Strategy

According to MetricStream’s, ‘The State of Cyber Security in the Financial Services Industry’ report, around 66 percent of financial services institutions have faced at least one cyber-attack in the last 12 months. The cost of this can even result in a complete shutdown of the business."

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Why Cloud Computing Projects May Fail

Why Cloud Computing Projects May Fail

Cloud Computing offers a large number of benefits which make an enterprise switch over to the cloud. From startups to medium and large enterprises all are keen to adopt it mainly due to the cost saving in cloud computing. However it is very important to realize that like any other new technologies there are some risks of failure. Some of the likely reasons for the failure of cloud computing projects are mentioned below.

1. Lack of managing and monitoring applications

It is a common belief that developers can start coding immediately after switching to the cloud. They no longer need to worry about the development environment. This is true to some extent but they still need to manage and monitor their application to avert failure. Lack of monitoring and managing of the application may lead to high cost of operation and eventually project failure.

2. Lack of people with skills-set

Any cloud computing projects entail people with the right skills-set to complete it successfully. Since cloud computing is a relatively new technology the availability of people with the right skills-set and experience are very rare. This could lead to project failure if not addressed early.

3. Lack of scrutinizing vendors

Cloud computing suffers from lack of standardization of Service Level Agreement or SLAs. Service providers must address certain aspects like where the data resides, failover remedies, backup, disaster recovery etc. in full details. Failure to understand the importance of these issues in SLAs may expose the project to a high risk of failure.

4. Failure to understand requirements, technology and legacy data

Like any traditional project, failure to understand the requirements upfront can eventually lead to project failure. The wrong requirements may produce wrong architecture design, database schema and technology. This eventually leads to an application that is not what the client wants. Failure to understand the legacy systems can also increase the risk of failure.

5. Early Adoption

Businesses are adopting it as a reaction to the hype surrounding cloud computing. The decision is often based on a particular technology or model. This will increase the chance of failure. Businesses should consider all models and technologies before switching to the cloud.

6. Lack of the holistic approach

It is very important for the businesses to ensure that the application they are developing in the cloud are in line with the overall IT strategy and enterprise architecture. Failure to ensure this can produce another application or system that does not work well with other existing systems.

By John Roseblum

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