Cloud computing and its role as the digitization tool par excellence
More regulation means more adoption opportunities through new customers who had data privacy concerns towards cloud computing.
Over the past few years, cloud computing has being characterized by an explosive growth. According to Gartner, public cloud service revenues will grow from around $ 145 billion in 2019 to approximately $ 278 billion in 2021. Considered as the digitization tool par excellence, the cloud presents the possibility of improving one’s business at different levels. The advantages include cost optimization for operating and maintaining data centers, speed and agility, as well as flexibly capacity with no more uncertainty in determining the infrastructure capacity requirements.
Cloud computing is dominating today’s technology landscape. Most new technologies such as Internet of Things, Artificial Intelligence and Machine Learning are distinguished by extraordinary data processing skills and needs. Servers as a crucial part of cloud technology hold the data which these technologies need to access and to develop further skills. The cloud thus occupies the role of a truedigital epicenter defining the technology seismograph’s deflection. However, the cloud has always been accompanied by data privacy concerns. Customizable and real-time encryption by n’cloud.swiss as an example can separate security and network functions. As a result, an extra layer of data protection is added. On the other hand, private cloud solutions can enhance the security of company specific applications by implementing cloud technology within the company’s corporate datacenter. What is important to note is that there is no one-size-fits-all solution for cloud security. Hence, customization of the most effective solutions are the best possible solutions to meet specific needs.
Summa summarum, the cloud’s success is nowadays more and more influenced on the macro level for example with GDPR and CLOUD Act. Governments, regulators, policymakers and standards setting organizations have a big influence especially on standards for cyber security at the micro-level. For the cloud, this means more regulation but also more adoption opportunitiesthrough new customers who had data privacy concerns towards cloud based solutions. In other words, there is no end to the cloud’s explosive growth.
This article is originally my 300 word abstract submission for The LEGALTECH Book (Part 6: CyberSecurity) to have the chance to be an author published by Wiley.
