Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Benefits of Private Cloud Computing: Compliant & Cost-Effective
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > IT > Cloud Computing > Benefits of Private Cloud Computing: Compliant & Cost-Effective
Cloud Computing

Benefits of Private Cloud Computing: Compliant & Cost-Effective

onlinetech
onlinetech
4 Min Read
SHARE

When it comes to security and compliance, private cloud computing trumps the public cloud. According to a 2011 study by the Aberdeen Group, the private cloud saves a total of 12% combined annual cost savings over public clouds on a per-application basis. When it comes to computing costs, everything adds up fast – including personnel and training, process and technology, hardware, software, services and support.

When it comes to security and compliance, private cloud computing trumps the public cloud. According to a 2011 study by the Aberdeen Group, the private cloud saves a total of 12% combined annual cost savings over public clouds on a per-application basis. When it comes to computing costs, everything adds up fast – including personnel and training, process and technology, hardware, software, services and support.

Companies that implemented private clouds also incurred 38 percent fewer costs related to security and compliance events in the past year compared to public cloud users. Public cloud users suffered from an overall 25 percent of incidents related to audit deficiencies, data loss or data exposure, and unauthorized access.

More Read

BYOD
5 Reasons You Should Consider Taking Analytics to the Cloud
Is Cloud Communication A Good Alternative To Mobile Communications?
Migrate from Proprietary Software to Linux to Create Cost Savings
Benefits of Cloud Computing (Virtualization) for IT Disaster Recovery
What Enterprises Can Learn from Major Events and Surprises in 2011
Private vs Public Cloud Security

 

Compliance in the Cloud

However, national industry compliance standards, such as PCI or HIPAA compliance remain concerns of mid and large-sized companies. While many industries are hesitant to adopt the cloud due to security concerns, the private cloud offers a cost-effective, streamlined and secure option. The healthcare industry in particular has been known as late-adopters of new technology, but the latest incentives for implementing an electronic health records (EHR) system have trended toward demands for a secure, reliable and compliant data hosting solution. With HIPAA violations costing healthcare providers up to $1.5 million in penalties each year, the healthcare industry can’t afford to skim over HIPAA compliance when they start the transition to electronic file-keeping (American Medical Association).

Business Drivers 

The report contends that current investments in cloud computing include the more well-known drivers, including saving on physical IT costs, disaster recovery planning, faster deployment times and high level of application availability. While these investments drive many to the cloud in general, one specific driver leading companies to the private cloud include industry pressures of risk and compliance, including dealing with sensitive information (cardholder data (CHD) and protected health information (PHI)). With industry regulations come questions of how to backup, store, transmit and recover critical data collected from customers or patients.

Another driver is the demand for access anywhere, meaning more and more people with the need to access business files and data from remote locations. It’s also not uncommon for companies to deal with external and internal users – external users may include customers or business partners, while internal users are regular or temporary employees or contractors.

With overall total cost savings and less compliance and security-related incidents, the private cloud is an ideal choice for companies that require industry-regulated secure hosting solutions to protect sensitive information.

TAGGED:disaster recoveryhipaaprivate cloud
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Image
AnalyticsCloud ComputingCommentaryExclusive

Rent vs. Buy? The Cloud Conundrum

5 Min Read

Disaster Recovery in Cloud Computing

5 Min Read
IT disaster
Best PracticesBusiness IntelligenceCulture/LeadershipData ManagementITPolicy and GovernanceSecurity

Business Continuity and Disaster Recovery

4 Min Read

Nine Components of a HIPAA Risk Analysis

5 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?