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Weekly CloudNews: Big 3 Cloud Providers Team Up

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Welcome to this week’s edition of CloudBolt’s Weekly CloudNews!

Here are the blogs we’ve posted this week:

With that, onto this week’s news:

Amazon, Google and Microsoft team up on cloud computing principles

Carrie Mihalcik, CNET, Oct. 1, 2021

Amazon, Google and Microsoft on Friday unveiled a new industry initiative that aims to establish basic commitments and protections for companies that store and process data in the cloud. The tech giants, along with several other enterprise companies, have agreed to a series of principles related to customer data and government regulations.

‘Through this initiative, we commit to working with governments to ensure the free flow of data, to promote public safety, and to protect privacy and data security in the cloud,’ Microsoft wrote in a LinkedIn post about the new initiative, called the Trusted Cloud Principles.”

How cloud computing impacts technology evolution

David Lithicum, Info World, Oct. 2, 2021

“The cloud has been around in one form or another for about 20 years now. Although cloud looks much different than it did back in the days that were dominated by software as a service, the rise of platform as a service and infrastructure as a service has made the concept much more powerful and useful for enterprises. The evolution of cloud technology is affecting all technology. The era of the PC got us to client/server. The growth of distributed computing got us service-oriented architecture. What has the rise of the cloud got us?

Faster procurement has led to an experimentation approach. Years ago, hardware and software procurement cycles took months—maybe it’s the same today depending on whom you work for. With public clouds, we can now “play” with technology to determine if a solution offers true value or not. No matter if it’s artificial intelligence, an accounting system, data analytics, or another very expensive system, we now have the ability to try them on the cheap, moving through solutions that don’t work to find one that does. Try this with traditional hardware and software and you’ll find that you break the budget quickly.”

The Future of Cloud Security in Financial Services

Anand Singh, Payments Journal, Oct. 4, 2021

“There has been a steady increase in adoption of cloud computing in the financial services sector over the past few years. This trend is only going to accelerate. According to a study by Cornerstone Advisors, 41% of the FIs have already done so and 20% are planning to invest and/or implement in 2021, and 30% have discussed at the board or executive team level.”

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