Why You Should be Using Cloud Data Management Services
The amount of data businesses need to collect and process is rising exponentially every day. This has made it harder to use it for effective decision-making. At the same time, IT infrastructures have become more complex, with a proliferation of both on-premises systems and cloud applications.
In order to thrive, businesses need a modern approach to data management. They need cloud data management.
What is Cloud Data Management?
Cloud data management (CDM) is a modern type of master data management (MDM): a process and set of technologies for collecting, organizing, securing and governing data in the cloud. It includes everything from discovery and classification to security and compliance.
Cloud data management also provides a single platform to manage your organization’s data regardless of its location. This is important because many businesses are adopting distributed IT infrastructures. Centralizing data with cloud MDM software ensures easy access for all stakeholders – even remotely.
Drawbacks of Traditional On-Premise Data Management
The traditional approach to information storage storage keeps all data on-premises. IT professionals working in a data center were responsible for ensuring it was backed up, secure and available when needed.
With the rise of big data, the traditional approach is no longer feasible. Physical data centers are inefficient, expensive to build and maintain, and can’t adjust smoothly to changing capacity needs.
To meet anticipated data growth, businesses using the traditional approach often expand more than they need to, leading to wasted capacity and increased costs. Even worse, expanding them often requires additional systems, making it hard to maintain a single source of truth.
In addition, legacy data management is no longer secure. While organizations have more control over who has access to it and how it is used, threat intelligence research by Imperva showed that 46% of on-premise databases are vulnerable to attack.
Benefits of Data Management in the Cloud
There are many benefits of using a cloud data management platform, including:
1. Increased Agility and Faster Time to Value
Cloud data management systems enable organizations to be more agile. Its self-service platform enables users to allocate resources and storage when needed. This means IT doesn’t need to handle every request, which speeds up the process and reduces the chance of errors.
On-premises solutions tend to create silos and make data difficult to access, leading to delays in decision-making. Cloud data management provides a centralized way to manage data across your organization’s environments, making it easier to respond to changes quickly and efficiently.
2. Predictable Costs and Low Total Cost of Ownership (TCO)
Because on-premises data management relies on physical infrastructure, you need to pay for it upfront whether or not you use it. Data management in a cloud environment is subscription-based, so you only pay for what you use. Depending on your usage, this may reduce your data management costs by 30-50%.
Cloud solutions are also more efficient. They can scale up or down as needed to match changing demands so you don’t waste capacity – or money.
3. No Management Overhead or Infrastructure Fees
On-premise data carries significant overhead costs just to run and maintain your data center. Staffing, debugging software, configuring, and regular upgrades to both hardware and software are just a few of these costs.
Cloud data management carries no infrastructure, staffing, or other overhead fees. You only pay for the resources you use, which can save a significant amount of money compared to on-premises solutions.
4. Increased Security and Compliance
Organizations are responsible for ensuring that their data is secure, regardless of where it is stored. However, storing data in the cloud can provide additional security benefits. It provides a central way to manage security and compliance, minimizing the risks of data breaches and compliance violations.
In addition, many cloud providers have strict security controls in place to protect data. They offer features such as encryption and multi-factor authentication that make it more difficult for unauthorized users to access data. They also include 24/7 monitoring and threat protection to prevent any breaches.
5. Latest Technology with Zero-Downtime and Zero-Effort Upgrades
Major cloud platforms constantly release new features and services to increase the value of data and automate every aspect of data management.
Not only do cloud technologies allow you to take advantage of new features without upgrading your infrastructure, it upgrades automatically with zero downtime. This can help you save time and money while avoiding the disruption caused by system updates.
In addition, cloud data management solutions allow you to quickly and easily test new features before rolling them out to your entire organization. This can help you minimize the risk of disruptions and ensure that new features are compatible with your existing environment.
6. High Availability and Built-In Disaster Recovery
Cloud data management services are designed for resiliency and redundancy. If one cloud data center goes down, another one takes its place immediately. This ensures that even during outages or other technical problems, you’ll still have access to your data.
In addition, many cloud data management solutions offer built-in disaster recovery features such as replication and storage snapshots. These features can provide an additional layer of protection and ensure that your data is always safe and available.
7. Cost-Effective Dynamic Scaling
Cloud data management solutions are highly scalable, so they adjust easily as your organization grows and your needs fluctuate.
The cloud scales storage capacity, processing power and networking to meet your needs. This allows you to make adjustments which would otherwise take weeks or even months with zero disruption or downtime.
Similarly, dynamic scaling ensures that your data is always available and improves performance by offering the resources you need when demand is high.
Accelerate the Value of Data with Cloud Data Management
Cloud services offer many benefits to improve your data’s value while improving integration, security, availability and performance.
Reltio’s cloud-native SaaS master data management platform delivers trusted data that powers real-time decisions and operations while saving you money. Rest easy while our 24/7 security team takes the work out of staying compliant and minimizing security risks.
Get a personalized demo tailored to your specific needs today.