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Sam Schoelen, Chief Information Technology Officer, Continental Resources
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Boosting Market Share with Cloud Security
Security is the primary concern among senior business executives when it comes to data storage in the cloud, even though the industry continues to accelerate. Cloud computing security processes should be designed to address the security controls incorporated by a cloud provider to maintain data security, privacy, and compliance with the necessary regulations, as well as to provide business continuity and data backup.
According to Teradata, by 2019, more than half of business-critical data is likely to reside in the cloud, but security is the biggest deterrent for 80 percent of the executives. However, 56 percent IT data and 53 percent of financial data will be in the cloud by 2019. During the first quarter, company revenues were 21 percent higher than the same quarter last year, reaching $453.9 million, while product revenues increased 20 percent to $164.5 million. Billings increased from 22percent year-after-year to $527.5 million, with a 24 percent non- GAAP operating margin, while earnings increased from 75 percent to $0.49 per share.
Marc Clark, cloud strategy and deployment director at Teradata, said that their message to organizations around the world is that the cloud is one of the safest virtual storage facilities available. While their study deals with widespread concerns, the cloud storage grows rapidly and continues to remain cost-effective and can be managed safely.
Ken Xie said that the recent acquisition of ZoneFox would enhance Fortinet’s machine-learning technology for endpoint and security information and event management (SIEM). He also emphasizes that the billings to large global customers increased by 31 percent year-on-year, excluding service providers and managed security providers.
Companies should have a flexible database license model for hybrid cloud deployments that provides portability for flexibility in deployment, subscription licenses and simplified levels with bundled functions. In short, it means that customers can choose, change, and expand the services they opt for. In spite of the influential figures, investors are continuing to expect more, even after major gains over the past year.