Business

What happens in the clouds?

Dr. David
Walcott

Wednesday, October 10, 2018

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THE world is changing an unprecedented pace, at spurring an entirely new business and social era. Tech Beach Retreat is on a mission to spark an entrepreneurship and innovation revolution in the Caribbean, ensuring we remain globally competitive.

To make this mission successful, a paradigm shift must occur and the region will need to revisit the way our people are trained and what they are trained in. Through this series Tech Beach aims to open the conversation on various emerging technologies ahead of their flagship summit in Montego Bay, Nov 29 — Dec 1 2018.

Tech Beach Retreat fuses world-class keynote speakers, panel discussions, fireside chats, workshops, nightlife and live entertainment, all surrounding an ecosystem of progressive conversations about critical technological shifts and opportunities of our era such as artificial intelligence and cloud computing.

So what exactly is cloud computing?

Cloud computing refers to the practice in which data storage and management are done in a network of remote servers which are hosted on the Internet rather than through the use of local servers. Recently, the amount of data produced by individuals and companies has been increasing at an unprecedented pace. One of the main sources of these volumes of data is social media.

With the growing interconnections of devices, the data released to the world keeps growing and growing. However, data has no relevance unless there is a mechanism for extracting useful information towards decision- making. Such large quantities of data thus present challenges with storage, management or processing on local servers that have limited processing power and storage capacity, which where cloud computing comes in as a tool that provides greater capacity for data management, rapidly provisioned over the internet with minimal management effort.

 

WHAT ARE THE DIFFERENT TYPES OF CLOUD SERVICES?

The computing infrastructure has been transformed entirely by cloud computing. It offers online features that facilitate storage of data, programs, applications, and software. The features are provided by its four cloud services that include:

1. Platform as a service: This cloud model service allows cloud providers to manage any data that is provided to them.

2. Infrastructure as a service: In this model, third-party service providers are allowed to host and manage infrastructural components on behalf of their users.

3. Software as a service: This model offers users the ability to run programs and applications in the cloud without having to install them.

4. Database as a service: This model deals purely with storage of data

 

THE PROS AND CONS

Cloud computing has gained much popularity because many organisations have realised the importance of outsourcing the management and processing of their data, while also noting that the volumes of data pose challenges for management in a single space.

Clouds help reduce the costs incurred in building an in-house server with high processing power. Updating the infrastructure of the local server is difficult when compared to the cloud computing environment, which offers flexible techniques that can be easily updated to meet users demand. With remote data management, cloud computing ensures that data can be quickly recovered in case of a disaster. Another benefit of cloud computing is that cloud services allow users to access data efficiently using their mobile phones.

The primary risk in cloud computing is the violation of privacy and threat of data insecurity. New security vulnerabilities are created when moving data from in-house servers to the clouds, and the cloud environment is susceptible to a greater variety of security issues in comparison with local servers.

Learn more at Tech Beach Retreat!

 

Dr David Walcott is a Rhodes scholar, a medical doctor and an entrepreneur. He is the founder of Novamed, which is involved in building and investing in first-world health solutions for the Caribbean.

 

Learn more at Tech Beach Retreat, taking place November 30 to December 2 at Iberostar Grand Rose Hall Resort in Montego Bay. In addition to cloud computing, Tech Beach promises to feature the latest in financial, consumer, health care and media technologies, all of which are relevant to the future of a prosperous Jamaica.

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