Industries need to realize the true power of cloud technology.

Cloud technology is changing the world, without the spotlight. Currently, as the world is dealing with a coronavirus pandemic, this technology is enabling the rapid development of covid-19 vaccines that are giving people hope to fight through this tough time. One of the leading vaccine development pharmaceutical companies, Moderna, was able to deliver its first clinical trial batch despite it being a smaller company than many pharma giants. How was that possible? By building and scaling its operations on the cloud. Moderna accomplished this in just 42 days after the initial sequencing of the virus. They invented proprietary cloud-based technologies and methods to generate mRNA constructs that cells recognize because they mimic the cells generated in the body.

Moderna also uses cloud technology to increase its efficiency across manufacturing, inventory management, accounting departments, and to transfer its digital manufacturing model onto partner facilities that help in rapid vaccine production.

Moderna's cloud technology adoption throws light on the power of cloud technology and why industries must pay attention to this technology – it reduces costs, improves flexibility of operations, improves business resilience, increases innovation capabilities, and helps to cater to market demands rapidly. It also gives startups and midsize companies access to advanced technologies like computing power, algorithms, and programming tools.

Since cloud technology has boomed, many companies have learned that the new technology can do them a lot of good. They have been using it to facilitate work-from-home, amp up their digital activities, provide telehealth, entertainment streaming, and more.

Is Data Safe In The Cloud?

Cloud providers give comprehensive data security programs. While on-premises infrastructure is vulnerable to many errors that lead to cyberattacks, public cloud providers give advanced data security controls like data encryption, database monitoring, and access control. Nonetheless, companies still have security concerns. And rightfully so, because it involves their private data. This is why most companies want to work with the cloud without exposing their confidential data to the risk of exposure by opting for a hybrid model of public and private cloud operations. This allows businesses to have control over most of their private information.

Making The Right Cloud Choices

If you are looking to shift, the most important step is to understand the choices to make the right one. There are three main cloud capabilities – Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS).

SaaS is what started the cloud revolution. It is easier for the companies to roll out, get direct funds from business budgets, and standardize the process while allowing innovation. With the advancements of cloud technology, IaaS, and PaaS emerged that gave businesses more control over their IT objectives. With these three options, it is important for businesses to understand the capabilities of these technologies.

IaaS is a simple way to access computing and data storage sources. If a company adopts IaaS, it can rent servers and storage in the cloud without having to purchase and maintain its own infrastructure. PaaS is a good choice for businesses that look to create unique applications without making big financial investments. And SaaS is a common cloud application service for companies to access software applications.

A Major challenge that businesses are facing currently is slow movement and adaptation of the cloud. For this, companies need to actively be involved in the cloud journey. Cloud is important for businesses and their position in the market. It can create a platform for companies to improve efficiency, innovation, and growth that will determine their success.