Weekly CloudNews: Security Incidents for 75% of Public Cloud Users

Welcome to this week’s edition of CloudBolt’s Weekly CloudNews!

Earlier this week, we introduced CloudBolt OneFuse, looked at container orchestration tools for 2020, heard from our co-founder Bernard Sanders about the 11 attributes of easy and extensible software, and dove into service lifecycle management solutions.

With that, onto this week’s news:

An Effective Hybrid Cloud Migration Project Can Yield 145% ROI in Three Years, Global Study Reveals

David Marshall, VMblog, July 14, 2020

“Organizations that embrace hybrid cloud migration projects can yield a 145% return on investment within three years, a commissioned study conducted by Forrester Consulting on behalf of Virtana has revealed. The study, which reviewed customer projects completed in the last three years, found that a composite organization achieved benefits of $2 million by adopting planning and optimization platforms, such as Virtana’s CloudWisdom and VirtualWisdom.

The Forrester Consulting TEI (Total Economic Impact) study, examined the potential return on investment enterprises may realize by deploying hybrid infrastructure optimization solutions for both the public and private cloud platforms. It found that organizations who employ planning and optimization tools are able to better balance their workloads, have a more strategic focus and increase their flexibility.

The TEI study also reveals that organizations who deploy solutions such as Virtana’s software in the private cloud may save more than $250,000 in problem resolution and a further $670,000 driving agility with global capacity management. In addition, those businesses working in the public cloud may see benefits of more than $900,000 when analyzing and optimizing using their current cloud provider.”

The COVID-19 Pandemic’s Impact on Cloud Revenue Is a Mixed Bag

Data Center Knowledge, July 14, 2020

“This year and next will be a mix bag for cloud service providers businesswise, as the IT world grapples with the COVID-19 pandemic’s impact.

There’s an influx of demand, as organizations adapt to remote work, education, entertainment, and virtually everything else. At the same time, many small and mid-size businesses have been shutting down, either temporarily or permanently, dragging down cloud revenue.

That’s according to analysts at Omdia, whose latest projection for 2020 Software-as-a-Service (SaaS) market revenue is 4 to 5 percent higher than previously expected. They expect the market to grow by 2 to 3 percent in 2021.

Omdia has lowered its previous revenue projection for the IT-infrastructure portion of the cloud market, which includes IaaS, PaaS, and CaaS, by 2 to 3 percent. That market is expected to gain 1 or 2 percent next year.

In addition to the effects of COVID-19, the forecast update also reflects actual 2019 results (as opposed to projections), new and updated cloud services, and data center footprint expansions.”

Three quarters of public cloud users had a security incident

Nick Farrell, Channel Eye, July 9, 2020

“Sophos has warned that  nearly three quarters of organisations experienced a public cloud security incident in the last year.

In its The State of Cloud Security 2020 global survey Sophos said that the incidents included ransomware and other malware (50 percent), exposed data (29 percent), compromised accounts (25 percent), and cryptojacking (17 percent). Organisations running multi-cloud environments were greater than 50 percent more likely to suffer a cloud security incident than those running a single cloud.”

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