What’s Vendor Lock-In And How To Avoid It?

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Vendor lock-in is defined as a scenario in which an organization is forced to continue using a certain product or service and is unable to switch vendors due to expected costs, complexity or the expected duration of migration. Businesses are ‘locked in’ to a specific unsuitable product or service due to expected financial constraints, difficulties or potential disruptions to crucial business processes. Recent studies have shown that approximately 67% of CIOs would prefer to use cloud services from several different vendors to avoid vendor lock-in. However, 71% of these companies still rely on the same cloud solution provider.

Businesses should avoid vendor lock-in as much as possible as it can cause a wide variety of issues in terms of operations and scalability. It can result in users being unable to transfer valuable organizational data without incurring significant costs. It can be especially problematic for cloud-based solutions, as it can be extremely difficult to migrate established cloud databases. Therefore, modern, data-driven organizations must avoid vendor lock-in as much as possible.

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Are Independent Software Vendors Using Cloud Services?

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An Independent Software Vendor is defined as any enterprise or software publisher that focuses on creating, developing, and distributing software through commercial licensing agreements with individual end-users or organizations. Recent studies indicate that the ISV industry is expected to reach a market value of $408.15 million by 2026, with a CAGR of 10.5%.

Many ISV companies leverage the power of cloud services for various reasons. As digital systems and cloud technology continue to evolve, the majority of ISV companies are currently shifting towards cloud-based solutions to foster and facilitate digital transformation.

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What Is the Advantage Of Cloud Computing?

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Cloud computing is defined as the on-demand delivery of various types of computing services such as software, storage, databases, and much more through web-based platforms.

Cloud computing can help businesses to easily access organizational data and information through online resources without significant time delays, manage different software for various business processes, protect organizational and client privacy, and much more.

As the amount of data and digital infrastructure that businesses are expected to keep track of increases rapidly, businesses need to recognize the power of cloud computing. Studies have shown that 80% of companies that have adopted cloud-based technology have reported operational improvements.

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Is Cloud Computing Really Safe?

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Cloud computing is defined as the delivery of various technological solutions such as data storage, databases, servers, and analytics through the internet. As digital technology continues to evolve, many businesses are beginning to integrate the use of cloud computing into various business processes and functions.

Cloud computing can help businesses reduce operational software costs, facilitate cross-departmental collaboration, automatically update software, increase data accessibility and ensure that different types of software are compatible.

Although many businesses may be highly concerned about shifting towards cloud computing, studies have shown that it is extremely secure and can even help businesses implement advanced data security features. 94% of businesses stated that they experienced significant online security improvements after moving their data to the cloud.

How To Make Cloud Computing Safe?

1) Real-Time Data Monitoring

One of the most effective methods of protecting digital security and encryption is carefully monitoring usage patterns and user activity to identify deviations and digressions from normal acceptable patterns. The irregular patterns usually indicate a data breach or a vulnerable aspect of your system.

However, unless this data is monitored in real-time with minimal delays, security threats may already significantly impact the security of your digitally stored organizational data and information. However, many cloud-based solutions provide users with constant real-time data activity monitoring and identity authentication management.

 

2) Data Security Features

According to IBM, the estimated approximate global average cost for a data breach is $3.86 million. Therefore, before choosing a cloud-based platform, it is crucial to ensure that it contains all the required security features that your organization may need. An effective cloud solution should be equipped with activity monitoring features, authentication access modification, and encryption controls.

Planet Crust’s 100% open-source, cloud-based solutions have numerous security features and can even be privately hosted on your business’s firewall.

 

3) Data Backup Support

Studies have shown that 40-60% of small businesses will not reopen after a significant data loss. Therefore, modern businesses must ensure that they have adequate data backup storage at regular time intervals.

Cloud-based data backups have numerous advantages, such as saving scarce financial and organizational resources, providing comprehensive data protection in the event of a data loss, ensuring a high level of data accessibility, and facilitating scalability.

 

4) Monitor Authorization Access

Although cloud solutions can ensure that employees can easily access organizational data, information, and resources, many employees do not require access to certain sources of data. Therefore, it may be beneficial to carefully monitor and refine user authorization access of certain sensitive types of data to ensure that your business’s data security is protected.

Planet Crust – A Secure Cloud Destination:

Planet Crust’s open-source, low-code solutions are the perfect secure, cloud-based solutions for your business. Your business can help make its cloud computing initiatives more secure by monitoring data in real-time, taking advantage of various data security features available with cloud-based platforms, and monitoring authorization access.

Planet Crust’s CRM solutions are equipped with role-based access tools, multi-factor authentication, identity management, instant deployment features, advanced chart building tools, flexible data modeling, scalable architecture, and much more. Try a demo so that your business can take advantage of the various benefits of secure cloud computing technology.

What Is The Advantage Of Cloud-Running Software?

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Cloud computing is a technology through which users can access computing resources, including applications, databases, servers, networking channels, and more via the internet. A cloud-running software allows you to use its tools and services online.

It retains all your data on servers owned by internet companies rather than your own device. It hence allows you to access that data from any other internet-enabled device in the world.

While cloud computing has been a part of the digital landscape for over twenty years, its popularity has increased exponentially in the past few years. In 2020, the total cloud market was worth over 371 billion US Dollars with a CAGR of 17.5%. According to Cisco, over 94% of all workloads in 2021 will be processed by cloud data centers.

The surge in demand for cloud services can be attributed to the number of benefits cloud technology provides its users. From universal accessibility to data protection, the most salient advantages of cloud-based software are listed below.

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