September 16, 2016Michael Sutherland-Shaw
Look up, your company’s files are likely floating all around you. Well, not exactly.
But with the public cloud services market projected to grow 17.2% in 2016 to total $208.6 billion, according to Gartner, cloud computing is quickly becoming the new normal.
“Growth of public cloud is supported by the fact that organizations are saving 14% of their budgets as an outcome of public cloud adoption,” said Sid Nag, research director at Gartner.
And which areas will see the highest growth?
That would be cloud system infrastructure services (infrastructure as a service [IaaS]) which is projected to grow 42.8% in 2016. In addition, cloud application services (software as a service [SaaS]), are expected to grow 21.7% in 2016 to reach $38.9 billion.
According to Gartner, most organizations are using a combination of cloud services from different cloud providers. While public cloud usage will continue to increase, so too will the use of private cloud services, at least through 2017.
And what’s the difference between public and private cloud services?
You aren’t responsible for any of the management of a public cloud hosting solution. In other words, your data is stored in the provider’s data centre and the provider is responsible for the management and maintenance of the data center.
Sounds good, right?
However, there are still a number of challenges – security and/or privacy concerns – for organisations as they make the move to the cloud.
For Ed Anderson, research vice-president at Gartner, the only way organizations will overcome these fears is through education.
“Public cloud services offered by the leading cloud providers are secure. The real security challenge is using public cloud services in a secure manner,” Anderson said.
On the flip side, not only are public cloud services being used to recognize the benefits of cost savings and innovation, but IT modernization is currently the top driver of public cloud adoption.
At FreeBalance, we thrive on innovation.
With the emergence of the Fourth Industrial Revolution, the public sector is being challenged to find new and innovative ways to embrace digital transformation to improve service delivery.
FreeBalance works closely with its customers to ensure its platform supports the Fourth Industrial Revolution by embracing the Internet of Things, cloud computing, big data and other Government 2.0 technologies.
Two of our SaaS solutions were recently added to the G-Cloud Digital Marketplace as we look to promote good governance throughout public sector organizations in the United Kingdom.
- The FreeBalance GRP Cloud includes a core set of modules designed exclusively for public financial management. The GRP cloud modules provide comprehensive budget execution and commitment accounting functionality such as Budget Controls, General Ledger, Commitment Management, Approval Management, Payment Management, Receipts Management, Management Reporting, and Statutory Reporting.
- The FreeBalance CSM Cloud includes a core set modules designed exclusively for civil service management. The service provides comprehensive civil service management functionality, Civil Service Workforce Management, Position & Establishment Management, Payroll, Civil Service Reform, Salary Planning, Capacity Management, Payment & Benefits Management, Benefits Management, and Management Reporting.