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Cloud computing has revolutionized how we store, manage and access data. 2023 has arrived and digital transformation initiatives remain in the fast lane, and if 2023 cloud trends are any indication, there’s no slowing down. Moving to the cloud is no longer an option, as its benefits and new capabilities prove vital for moving forward, especially in an uncertain economy. Gartner Inc. forecasts that in 2023, worldwide public cloud spending will grow 20.7% to total $591.8 billion, up from $490.3 billion in 2022. The cloud computing market is expected to reach over $1 trillion by 2028. Within a span of 10 years (between 2010 to 2020), the market grew by a massive 635 percent.
The recent passing of Cyber Security Month has reminded many businesses of the importance of implementing good security practices to ensure the protection of confidential data. It is a daunting, yet necessary, task to establish reliable cyber security. The ever-evolving cyber environment poses many obstacles which, if left unaccounted for, can lead to pitfalls in your businesses’ operations. This threatens the integrity of your business and may result in criminal activity, a deteriorated reputation, lost profits, legal repercussions and more. In order to understand the nature, and origin, of these consequences along with how to mitigate them, here is a list of the most common pitfalls to cloud security and their solutions.
Most businesses complete at least a portion of their daily operations over the cloud. This is a difficult environment to navigate and therefore familiarizing yourself can provide you with the proper knowledge to safely utilize the cloud. The focus here will be privacy law compliance, which is one of the primary components of the cloud alongside security, support, and management. This facet of cloud hosted infrastructure is complex and, if neglected, can not only threaten the integrity of your business but can also result in legal repercussions as well. In order to ensure your business is in good standing we will tell you everything you need to know about  keeping your data in Canada.
The complexity of cloud hosted infrastructure can make migration and configuration quite overwhelming, which, as will be pointed out, highlights the importance of unifying your cloud solution. Focus has to be balanced between network reliability, backup, scale, security, functionality, privacy compliance and more. For any I.T. team these tasks can be demanding, requiring a large amount of resources, and typically even third-party assistance. In some cases, failing to account for certain intricacies can lead to lower-quality end results. Therefore, taking advantage of support from experienced professionals is crucial to streamline cloud migration and management.
The modern work environment is constantly changing, requiring businesses to take advantage of new technology and features to achieve success. One of these recent revelations is known as cloud hosted infrastructure. So today we will be going over the pros of moving your CPA firm to the cloud. If you’re unfamiliar with what that is, or just need a quick refresher, check out our explanation of cloud hosting