Ask a question from expert

Ask now

Cloud Service Implementation Evaluation Report

15 Pages4194 Words137 Views
   

Added on  2020-04-07

Cloud Service Implementation Evaluation Report

   Added on 2020-04-07

BookmarkShareRelated Documents
Running head: CLOUD SERVICES IMPLEMENTATION EVALUATION REPORT1RISK ASSESSMENT REPORT FOR MIGRATING BUSINESS PROCEDURES TO THECLOUD SPACE FOR BUSINESS PRODUCTIVITY CASE STUDY (AZTEC LIMITED)BY
Cloud Service Implementation Evaluation Report_1
CLOUD SERVICES IMPLEMENTATION EVALUATION REPORT2Executive Summary Technological developments have disrupted business operations in terms of servicemanufacturing, provision and marketing procedures. Today’s modern business have thereforeseen a lot of changes in the way they operate. Emerging advances have shifted businessoperations from traditional operations towards adopting digital revolution. Cloud computingtechnology is an emerging technology that has changed the way businesses perform theiroperations in order to achieve their objectives. As a result, the financial services sector is under a lot of pressure to adopt digitaltransformation in order to improve efficiency and increase business agility which areessential in helping the industry continue thriving and expanding in terms of reaching clients,increasing client base and effectively competing in the financial market. However, not allfinancial services sector organizations have embraced the digital shift. This report introducescloud computing emerging technology by outlining its key features and types of servicesmodels including SaaS, IaaS and PaaS. It also expounds on how these services can bedeployed, either by using a private, public, community or hybrid cloud space and pros andcons for each type of deployment expounded, followed by organizational benefits ofimplementing cloud services. The paper also discusses the financial service industry withregard to adopting cloud services and the impacts felt as well as impacts of adopting cloudtechnology for Aztec limited including benefits and risks.Further, the report outlines the threats and susceptibilities that come along with cloud servicesimplementation including loss of information control, network dependency, BYOD risks,data insecurity and more. To deal with the above mentioned effects, a risk managementevaluation has been done. Specifically data insecurity being one of the key risks for cloudcomputing deployment has been further discussed in terms of data insecurity concerns andprocedures to minimize and avoid them including mobile data management, data encryptiontechniques, backup procedures, data access authentication and authorization and installingbackbone networks and finally the conclusion of the report.The following are the recommendations to Aztec Management with regard to migrating itskey business applications to an external cloud service provider. i)Cloud computing deployment will enable Aztec to boost its financial agility bywidening its market audience to other newer regions through the world wide webii)Aztec will be able to add efficiency in all its business operationsiii)Aztec will be able to reduce operational costs associated with new softwarehardware and storage acquisition by ensuring the essential infrastructure resourcesare available as they can now be accessed on the Internetiv)Cloud computing will provide regular services and systems monitoringv)Cloud services will also help in business continuity by providing growth andsustainability of Aztecvi)Cloud adoption will improved mobility as business processes flexibility as they cannow be accessed from any place at any timevii)Data and information centralization will be enhanced allowing quick retrieval andupdates viii)Aztec will experience improved collaboration with prospective and existing clientsand stakeholders
Cloud Service Implementation Evaluation Report_2
CLOUD SERVICES IMPLEMENTATION EVALUATION REPORT3Table of Contents Introduction................................................................................................................................4Cloud computing technology.................................................................................................4Essential Features...................................................................................................................4Cloud technology service approaches....................................................................................4Cloud technology deployment approaches............................................................................5Strengths of adopting cloud computing technology...............................................................6Financial services sector review.................................................................................................6Australian financial service sector.........................................................................................6Cloud computing adoption in the financial services sector...................................................6Cloud technology compliance procedures in financial services and cyber security guidelines...............................................................................................................................7Cloud computing deployment for Aztec Limited......................................................................8Benefits of cloud adoption for Aztec.....................................................................................8Benefits of cloud adoption to customers................................................................................8Cloud adoption Threats and vulnerabilities...........................................................................8Risk Management.......................................................................................................................9Data security risks for cloud services.......................................................................................10Data security procedures for cloud services.............................................................................10Conclusion................................................................................................................................11References................................................................................................................................12
Cloud Service Implementation Evaluation Report_3
CLOUD SERVICES IMPLEMENTATION EVALUATION REPORT4IntroductionCloud computing provides the capability to transform business operations, opportunities anddemands by offering agility, elasticity and speed for organizational resources [ CITATIONOra15 \l 1033 ]. For company leaders, cloud services provide business lines to offercomputing applications for rolling out main business procedures. One of the most popularbenefit of cloud computing is that it facilitates IT resources utilization as integrated servicesby an organization, which drives efficiency and costs reductions combined computing assetsand processes as well as quick functionality updates. The following evaluation reportexpounds on the risks involved with migrating key business applications together with theirassociated data on the cloud space for Aztec Limited, a financial service provider. Cloud computing technology According to [ CITATION IBM17 \l 1033 ], cloud computing paradigm is the provision ofon-demand computing services including storage, data centers, computer networks toapplications that paid for as its utilized through the Internet. Cloud computing thereforeallows enterprises and users access to computing capabilities that allow them process andstore and process data, either through a third party provider or in a private cloud which makesaccess to data processes more reliable and efficient [ CITATION Mel11 \l 1033 ].Additionally, cloud computing depend on resource sharing to achieveeconomy of scale andconsistency[CITATION MHa15 \l 1033 ].Essential Features Quick elasticity - IT asset resources can rapidly scale out as needed for businesses On-demand self-service – end-users are able to access, evaluate and control requiredcomputing resources without administrative assistance Expansive access to the network –services are distributed over varied devices andaverage networks Resource pooling – IT resources are accessed and shared across various multipleapplications Measured service – IT resources usage can be tracked for each end-user applicationfor effective billing Cloud technology service approaches Cloud computing services can be implemented as the following services [ CITATION Ora15 \l 1033 ], and are shown in the figure 1 below. i)Software as a service (SaaS) – involves softwareapplications delivered as a service to users through the web.ii)Infrastructure as a service (IaaS) – involves hardware based services such asservers, networking hardware and storage devices via the Internet.
Cloud Service Implementation Evaluation Report_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Risks Management Assignment - Aztec organization
|20
|4952
|94

Assignment on IT Risk Management in Aztec
|16
|5432
|38

Risk Management Report Assignment
|14
|4599
|37

Migration Management in Cloud Computing
|23
|6153
|314

IT Risk and Cloud Computing Assignment
|12
|5400
|80

IT Risks Management for Aztec
|19
|4997
|109