Cloud deployment models
Public cloud: The service provider owns andmaintains the infrastructure and charges thegeneral public for these services. This is ascalable and cost effective model.
Private cloud: The infrastructure is dedicatedto a single client for private use. It may bedelivered over an On-site Private Cloud -managed and implemented at the client
spremises or an Outsourced Private Cloud -outsourced to the service provider, who also
maintains it. In this model, data is very secure.
Community cloud: This is a cost-effectivemodel wherein several companies with similar objectives and requirements come together to share cloud resources, maintainedeither by the companies themselves or theservice provider.Hybrid cloud: Here, the cloud infrastructure is acombination of two or more clouds (public,
private or community), with each of them
existing independently as separate entities,while collaborating to provide optimumservices to the client. This combines thepublic cloud
s advantages of scalability andlow cost with data security.
Cloud implementation strategies for banks
decision: Banks need to exercisecaution before moving to the cloud model byfirst implementing it on a smaller scale. Theyshould proceed with the cloud approach only if a thorough impact analysis yields positiveresults, else look for alternative models.
Transition strategy: In order to ensure asmooth transition to the cloud, banks shouldchart out a transition strategy from both thetechnology and staffing perspective.
Hiring the right people: Cloud computingbeing relatively new, there is a dearth of qualified personnel with implementationexperience. Hiring competent professionals,who adopt appropriate strategies in tunewith the bank
s requirements, will enablesuccessful transition.
Choosing the right cloud vendors: The rightvendor recommends the models most suitedto the bank
s needs and provides relevantinfrastructure. The bank should consider costeffectiveness, data security, and scalabilitywhile making a choice and monitor vendor activity to ensure accuracy in billing.
Choosing the right cloud model: There are
pros and cons to each model. The choice
of the right model should be based on thebank
s requirements and have the rightbalance of economy, security, ease of implementation etc. Banks may adopt theprivate cloud model to start with and moveon to hybrid clouds as they gain confidence.
Migration planning: After zeroing in on thevendor and the cloud model, the next crucial
step is to properly migrate the data from
existing systems on to the cloud system. This isa very critical task as the slightest glitch canlead to exposure of sensitive client data and jeopardize the entire process.