Companies seem to be moving to public cloud in droves, as conventional wisdom would have us believe it’s more user-friendly, scalable, and affordable than private cloud. So is it ‘bye bye’ on-premises storage? Is that the way to go? Not necessarily.
While public cloud has been increasingly adopted over the last several years, there is also a new trend where organizations are waking up to the hidden costs involved, both in fees beyond the quoted price per GB and in the potential cost to a business’s data security. Companies are finding that data transit fees for public cloud storage can double the cost of basic storage, and can be as high as three or four times if data is moved often. Yet, these fees are frequently ignored when organizations are considering the use of public cloud. This leads to gross miscalculations and over spending. Then there is the question of data security and availability. Breaches of public cloud have become commonplace, and yet organizations are lead to believe the public cloud is safe for the most sensitive data. How can this be?