No matter what the size of your business is, loss of data can disrupt the daily operations of the company. Hence, the need for data backup proves to be very important for a business.
The Cloud Backup market will get huge in the upcoming years, and by the year 2024, it will grow by $190.5 billion.
The growth drivers of cloud backup are the quality and personalization provided by the mega data centers. One of the critical efficiency tools is the automation process. There are many applications of Worldwide Cloud Backup like IoT (the Internet of Things), Virtual reality, robots, self-driven vehicles, etc. generate a lot of data from smart devices and processors inside. This data is stored in the cloud, which is analytically manipulated and used as information from various sources. And, if you want to store large amount of data without investing money you can use free upstore account and keep your data secure without investing.
This growth of Cloud backup is due to the growth of digitalization in the economy. The major players in the market are Microsoft Corporation, EMC Corporation, VMware Inc, Amazon Web Services Inc, Oracle Inc, Rackspace Hosting Inc, and Dropbox Inc.
Here are the five things you need to know about cloud backup in 2020.
Increasing Use of Hybrid Backup Solutions
Companies face a lot of challenges when it comes to data, including choosing the place to store it. There are many benefits of cloud storage, but it also has various problems. In such a case, the option to implement a hybrid approach seems the best to counteract such issues.
Reports of a survey conducted in 2017 suggest 65% of people who responded opted for a cloud approach in 2017, which went down from 82% in the year before that. This change indicated that people were considering the option of storing data using hybrid solutions. A hybrid solution combines the private and public storage systems, which means the companies may store their data onsite in clouds as well as use offsite cloud storage.
Security of Data Will Be a Cause of Concern
The use of the cloud for storing data provides companies with benefits like flexibility and cost savings. But it also offers various security threats. In a report, Gartner said that overall expenditures on security would increase in the coming five years by approx. 41.2%.
People in business and consumers are becoming more alert while using machine learning algorithms, which is used to analyze the data. Hence, the data managers are in the constant need to prove that their data is not only secure but also reliable, which is collected, stored, and processed with honesty, integrity, and responsibility.
In the year 2018, many cases of high profile breach of security were found. For example, Facebook and British Airways were found to go through public data breaches.
New Storage Trends and Technology
Many trends are coming up like data analytics, AI, machine learning, block-chain, Internet of Things (IoT), etc. which demands large storage capacities. With that, companies want technologies that help them to store more data efficiently and quickly. Hence, it is expected that technologies like graph databases, in-memory, and persistent memory databases and data fabric may become essential tools in the upcoming years.
Bridging the Skills Gap
In a survey, it was found out that 90% of people who responded to the review were finding it difficult to find employees who have required business and technological skills. It was also found out in a study that in the year 2017, the US had approx. 260, 000 IT jobs which weren’t fulfilled by skilled people.
With the increasing digitalization, the need to upgrade the skill is urgent too. With the increase in the use of cloud backup and cloud devices, the need for employees to have skills to manage such assets increases too. Also, with time, the use of cloud assets will become familiar, and then people will have to upgrade their skills to use hybrid systems as well.
Difficulty In Achieving Compliance
The compliances of cloud assets differ from country to country, which makes them difficult to deal with. Regulations define a set of policies that provides the guidelines to use and access the sensitive data of the business.
The primary reason that such rules are formed, is the protection of privacy of consumers along with providing them security with the enforcement of attributes such as confidentiality, integrity, availability, and accountability (CIAA).
Five of the major issues with compliances are:
- Complexity of regulations
- Overlapping of regulations
- Lack of standard Reference Architectures
- Lack of transparency and control
- Threats to security
One of the significant challenges of using cloud assets is understanding and implementing the regulations. Also, in a study, it was found out that in the healthcare industry, most common problems were increasing threats to security, the complexity of rules, lacking skills, and high costs, etc.
It was studied in further studies that challenges like overlapping of regulations or safety, fees, security threats, code standards, and quality, up-gradation of technology, etc. can be solved with the proper monitoring, authentication, encryption, and authorization.
Read Next: