|By Marketwired .||
|January 16, 2013 12:01 AM EST||
MOUNTAIN VIEW, CA -- (Marketwire) -- 01/16/13 -- Organizations are widely migrating to the cloud to gain competitive advantages around speed, agility and flexibility according to Symantec Corp's. (NASDAQ: SYMC) recent Avoiding the Hidden Costs of Cloud 2013 Survey. In fact, more than 90 percent of all organizations are at least discussing cloud, up from 75 percent a year ago. Other key survey findings showed enterprises and SMBs are experiencing escalating costs tied to rogue cloud use, complex backup and recovery, and inefficient cloud storage. Rogue clouds are defined as business groups implementing public cloud applications that are not managed by or integrated into the company's IT infrastructure.
Industry experts predict several key issues will arise in 2013 focused on the financial pressures and security challenges of cloud computing. Business continuity is seen as an important issue with the increase in cloud outages posing greater risks than security breaches. Over the holidays, a leading cloud service provider experienced an outage, which they quickly remediated. This outage impacted businesses and posed important concerns around data loss prevention, backup, time spent on data recovery and the associated costs. However, with advance preparation, organizations can build safe, agile and efficient clouds that will enable them to meet their business goals.
Read more detailed blog post: Avoiding Hidden Costs in the Cloud
"By taking control of cloud deployments, companies can seize advantage of the flexibility and cost savings associated with the cloud, while minimizing the data control and security risks linked with rogue cloud use," said Francis deSouza, group president, Enterprise Products and Services, Symantec.
Rogue Cloud Implementations
According to the survey, rogue cloud deployments are one of the cost pitfalls. It is a surprisingly common problem, found in more than three quarters (77 percent) of businesses within the last year. It also seems to be an issue experienced more by enterprises (83 percent), due to their larger company size, than SMBs (70 percent).
Among organizations who reported rogue cloud issues, 40 percent experienced the exposure of confidential information, and more than a quarter faced account takeover issues, defacement of Web properties, or stolen goods or services. The most commonly cited reasons for undertaking rogue cloud projects were to save time and money.
Cloud Backup and Recovery Issues
Cloud is complicating backup and recovery. First, most organizations use three or more solutions to back-up their physical, virtual and cloud data -- leading to increased IT inefficiencies, risk and training costs. Furthermore, 43 percent of organizations have lost cloud data (47 percent of enterprises and 36 percent of SMBs), and most (68 percent) have experienced recovery failures.
Finally, most see cloud recovery as a slow, tedious process. Only 32 percent rate this is as fast and 22 percent estimate it would take three or more days to recover from a catastrophic loss of data in the cloud.
Inefficient Cloud Storage
One of the key advantages to cloud storage is how simple it is to provision. Sometimes this simplicity leads to inefficient cloud storage. Generally, organizations strive to maintain a storage utilization rate above 50 percent. According to the survey, cloud storage utilization is surprisingly low at 17 percent. There is a tremendous difference in this area between enterprises (which are utilizing 26 percent of their storage) and SMBs (which is a shockingly low seven percent). Furthermore, roughly half admit very little, if any, of their cloud data is deduplicated, further compounding the problem.
Compliance and eDiscovery Concerns
According to the survey, 49 percent of organizations are concerned about meeting compliance requirements in the cloud, and a slightly larger number (53 percent) are concerned about being able to prove they have met cloud compliance requirements. This concern about information in the cloud is well founded, as 23 percent of organizations have been fined for cloud privacy violations.
eDiscovery is creating additional pressure on businesses to quickly find the right information. One-third of businesses reported receiving eDiscovery requests for cloud data. Of those, two-thirds have missed their cloud discovery deadlines, leading to fines and legal risks.
Data in Transit Issues
Organizations have all sorts of assets in the cloud -- such as Web properties, online businesses or Web applications -- that require SSL certificates to protect the data in transit whether it is personal or financial information, business transactions and other online interactions. The survey showed companies found managing many SSL certificates to be highly complex: Just 27 percent rate cloud SSL certificate management as easy and only 40 percent are certain their cloud-partner's certificates are in compliance with corporate standards.
Hidden Costs Are Easily Avoided
The survey shows ignoring these hidden costs will have a serious impact on business. However, these issues are easily mitigated with careful planning, implementation and management:
- Focus policies on information and people, not technologies or platforms
- Educate, monitor and enforce policies
- Embrace tools that are platform agnostic
- Deduplicate data in the cloud
Symantec's Avoiding the Hidden Costs of Cloud 2013 Survey
Symantec's 2013 Cloud Survey is a result of research conducted by ReRez in September-October 2012. The full study represents 3,236 organizations from 29 countries. Responses came from companies with a range of five to more than 5,000 employees. Of those responses, 1,358 came from SMBs and 1,878 came from enterprises.
- Report: Avoiding the Hidden Costs of Cloud 2013 Survey Results
- SlideShare: Avoiding the Hidden Costs of Cloud Survey 2013 Results
- SlideShare: Avoiding the Hidden Costs of Cloud Survey SMB 2013 Results
- Information Unleashed Blog Post: Avoiding Hidden Costs in the Cloud
- The Confident SMB Blog Post: Avoiding Hidden Costs in the Cloud
Connect with Symantec
- Follow Symantec on Twitter
- Join Symantec on Facebook
- View Symantec's SlideShare Channel
- Subscribe to Symantec News RSS Feed
- Visit Symantec Connect Business Community
Symantec protects the world's information, and is a global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment -- from the smallest mobile device, to the enterprise data center, to cloud-based systems. Our world-renowned expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.
NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.
Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.
FORWARD-LOOKING STATEMENTS: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions.
Symantec, cloud, backup, recovery, storage, compliance, eDiscovery
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jun. 24, 2016 04:15 PM EDT Reads: 1,020
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jun. 24, 2016 02:15 PM EDT Reads: 228
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Jun. 24, 2016 12:00 PM EDT Reads: 1,513
Digital Initiatives create new ways of conducting business, which drive the need for increasingly advanced security and regulatory compliance challenges with exponentially more damaging consequences. In the BMC and Forbes Insights Survey in 2016, 97% of executives said they expect a rise in data breach attempts in the next 12 months. Sixty percent said operations and security teams have only a general understanding of each other’s requirements, resulting in a “SecOps gap” leaving organizations u...
Jun. 24, 2016 11:45 AM EDT Reads: 860
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
Jun. 24, 2016 11:26 AM EDT Reads: 347
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jun. 24, 2016 11:15 AM EDT Reads: 535
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change t...
Jun. 24, 2016 11:00 AM EDT Reads: 901
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Jun. 24, 2016 10:30 AM EDT Reads: 808
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Jun. 24, 2016 09:45 AM EDT Reads: 1,125
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection. In his session at 18th Cloud Expo, Bradley Holt, a Developer Advocate with IBM Cloud Data Services, discussed...
Jun. 24, 2016 09:45 AM EDT Reads: 648
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Jun. 24, 2016 09:30 AM EDT Reads: 1,083
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Jun. 24, 2016 09:30 AM EDT Reads: 546
The pace of innovation, vendor lock-in, production sustainability, cost-effectiveness, and managing risk… In his session at 18th Cloud Expo, Dan Choquette, Founder of RackN, discussed how CIOs are challenged finding the balance of finding the right tools, technology and operational model that serves the business the best. He also discussed how clouds, open source software and infrastructure solutions have benefits but also drawbacks and how workload and operational portability between vendors ...
Jun. 24, 2016 09:15 AM EDT Reads: 598
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Jun. 24, 2016 08:45 AM EDT Reads: 1,084
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Jun. 24, 2016 08:45 AM EDT Reads: 1,173
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Jun. 24, 2016 08:30 AM EDT Reads: 739
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Jun. 24, 2016 08:15 AM EDT Reads: 1,155
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jun. 24, 2016 08:15 AM EDT Reads: 888
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Jun. 24, 2016 08:15 AM EDT Reads: 1,372
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Jun. 24, 2016 08:15 AM EDT Reads: 703