|By Kevin Nikkhoo||
|March 1, 2013 12:00 PM EST||
With all the talk of fiscal cliffs sequestrations, financial binds and “next year’s budget,” I started thinking about cloud security in more tangible ways. Specifically returns on investment, economic impact and total costs of ownership. Just like death and taxes, businesses can add intrusion and attack to the list of sureties. I can hear CFOs all over the world sigh in exasperation as they feel pressured to add another expense line item to minimize the building security threats to their enterprises.
Before you add another decimal place to security budgets, maybe it’s time you consider the how cloud-deployed security options can not only address the complexities of enterprise security ably, but do so at considerable savings.
Study after study promotes that a cloud computing model saves organization money. We know that more and more functionality is moving to the cloud. For things like CRM or other standard business applications, it simply makes sense. We recognize the limited time and funding to run and maintain enterprise applications and the cloud provides that great equalizer. This model extends itself to cloud security and security-as-a-service.
First there are the over-arching savings of cloud-computing in general:
- Elimination of CapEx costs: no hardware or software to buy (Any “cloud” company that asks you to install a server on your premises to monitor your enterprise isn’t cloud)
- Pay-as-you-go scalable: Most cloud providers can offer considerable cost savings through economies of scale. The ability to adjust the level of service necessary (elastic provisioning) creates flexibility for increased margins and cost-controls.
- Zero-day start/On demand delivery of service: no waiting time after the service has been purchased to develop and configure a complex system. This means no development hell or waiting for Phase 2 to be complete in order to start reaping benefits.
- Head count savings: included in most cloud services are the personnel costs (salary, benefits, overhead, churn/hiring costs) a company does not need to invest in more people and gains the benefit of the security expertise and tribal knowledge of the cloud security provider.
- Best-of breed resource/expertise expansion: Companies improve their overall business agility through proven technologies supported and updated by the core competencies of the developers. Meanwhile CIOs get to move more IT budget to innovation or enablement programs.
But where are the benefits of cloud security from an ROI perspective:
- 24/7 Availability: Cloud security is about continuous monitoring. To properly secure the expanding footprint of an enterprise’s IT landscape, there must be the vigilance to catch analyze and remediate issues as quickly as possible. Like a cancer, if security issues go undetected, they can metastasize and spread. Having a professional monitor a network 7/24/365 (in real time) seems like a luxury for Fortune 500 companies. Cloud security makes this option available for the most modest organizations. The holes in security that are created through intermittent monitoring, vague automation settings and periodic machine log reviews will cost an organization. But continuous monitoring isn’t a cost center. Preventive and proactive security creates reduced risk (without additional man hours) which allows for redeployed resources and a realignment based of business needs.
- Unification: The agility from the cloud allows companies to leverage the capabilities of various security solutions looking at multiple parts of the enterprise. This includes intrusion detection, credentialing, access, SSO, web authentication and compliance audits. It not only allows an enterprise to acquire more and greater functionality for virtually the same cost, but it also centralizes the collective intelligence and provides the advantage enhanced visibility through correlated and situational context. This, in turn, creates better and faster decisions which streamline resources and save money.
- Improved productivity Although there are many examples of this within cloud based security, I will point to one (and use future blogs to expound on others). Using identity management, companies can automatically provision and deprovision users. This service alone can save 75% of the requests across the enterprise. Imagine the additional savings when IT is not slogged down with forgotten password requests/resets along with managing credentials. There are studies that prove that this alone saves companies nearly $200K per year. Now with better employee productivity (because this helps solve BYOD issues) and certain portions of your network safe from data theft and leakage, IT can concentrate on business issues that drive revenue.
- Compliance: Dozens of man hours are typically needed each month to complete all the reports needed to satisfy a regulatory agency auditor; and for most companies, it’s not just one agency, but several. Through real time correlation, most of the work of identifying, capturing, encrypting and storing(or destroying) certain pieces of information and providing the proof your best practices are in line with internal and external policies is easier. Because of unification, multi-silo collection and security centralization, 75 hours per month becomes 10. And more importantly, the degree of accuracy of the reporting is significantly better. And with better reports, the threat of fines disappears.
Gartner estimates the annual cost to own and manage traditional on premise security software applications can be 4X the initial purchase. This is chiefly due to the need to acquire and maintain the resources to support the deployment. In many cases, for less than what a company pays for in support and maintenance of these on premise initiatives, they could have twice the capability from the cloud.
When it’s money that matters, the bottom line should be as much about saving as it is spending; as long as the result is a positive return on the investment. Enterprise security is not different. For years seen as a cost center, through cloud-based solutions it can now be redefined as a revenue enablement mechanism. Certainly there are costs involved in a maintaining a safe network perimeter, protecting and securing data and compliance auditing. However, by exploiting the benefits and strengths provided by cloud based security, you can prudently and effectively contain the issues with plentiful resources to reinvest in your core competencies and focus on driving business forward. Security issues will not go away, but you can direct less at them and in return, receive more greater results.
When looking at the cloud in term of security…sometimes you can have your cake and eat it too.
SYS-CON Events announced today that 24Notion has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. 24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to con...
May. 24, 2016 09:30 AM EDT Reads: 1,659
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
May. 24, 2016 09:15 AM EDT Reads: 754
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
May. 24, 2016 09:00 AM EDT Reads: 1,920
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
May. 24, 2016 08:30 AM EDT Reads: 492
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT's direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...
May. 24, 2016 08:30 AM EDT Reads: 2,018
SYS-CON Events announced today BZ Media LLC has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and Commercial Drone markets.
May. 24, 2016 06:00 AM EDT Reads: 3,363
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
May. 24, 2016 04:30 AM EDT Reads: 2,375
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
May. 24, 2016 04:00 AM EDT Reads: 2,993
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
May. 23, 2016 05:00 PM EDT Reads: 4,606
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
May. 23, 2016 04:00 PM EDT Reads: 1,813
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
May. 23, 2016 03:00 PM EDT Reads: 604
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
May. 23, 2016 03:00 PM EDT Reads: 1,656
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
May. 23, 2016 02:30 PM EDT Reads: 1,693
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
May. 23, 2016 02:00 PM EDT Reads: 2,332
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
May. 23, 2016 01:45 PM EDT Reads: 2,053
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
May. 23, 2016 12:45 PM EDT Reads: 1,323
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
May. 23, 2016 12:30 PM EDT Reads: 2,027
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
May. 23, 2016 12:30 PM EDT Reads: 1,787
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
May. 23, 2016 08:15 AM EDT Reads: 2,371
Korean Broadcasting System (KBS) will feature the upcoming 18th Cloud Expo | @ThingsExpo in a New York news documentary about the "New IT for the Future." The documentary will cover how big companies are transmitting or adopting the new IT for the future and will be filmed on the expo floor between June 7-June 9, 2016, at the Javits Center in New York City, New York. KBS has long been a leader in the development of the broadcasting culture of Korea. As the key public service broadcaster of Korea...
May. 23, 2016 03:45 AM EDT Reads: 1,668