Gone are the days when you had to store boxes of documents in your office. Salvation came in the form of cloud computing in the 2000s. Since then, it’s made a world of difference for businesses across all industries, increasing productivity, organization, and decluttering the workspace. More importantly, it allows businesses to reduce various expenses by 30%-50%.

Cloud computing has countless benefits, but that doesn’t mean the technology is flawless. On the contrary, you should be aware of several disadvantages of cloud computing that can cause many problems with your implementation. Weighing up the pros and cons is essential – and we’ll do precisely that in this article.

Read on for the advantages and disadvantages of cloud computing.

Advantages of Cloud Computing

The cloud computing market is worth more than $540 billion. The main reason being that over 90% of all companies use some form of this technology. Here’s why they rely on cloud-based platforms.

Cost Efficiency

One of the greatest benefits of cloud computing is that it’s cost-efficient and allows you to reduce business expenses on three fronts.

Reduced Hardware and Software Expenses

You don’t need physical hardware to store your documents if you have a cloud computing platform. Likewise, the technology eliminates the need to run multiple software platforms because you can keep all your files in one place.

Lower Energy Consumption

In-house storage solutions can be convenient, but they consume a lot of electricity. Conversely, cloud computing systems help companies increase energy efficiency by over 90%.

Minimal Maintenance Costs

Maintaining such platforms is straightforward and affordable as cloud computing doesn’t involve heavy-duty software and hardware.

Scalability and Flexibility

Another reason cloud computing is popular is its scalability and flexibility. Here’s what underpins these advantages of cloud computing.

Easy Resource Allocation and Management

You don’t need to allocate your storage resources to numerous solutions if you have a unified cloud computing system. Managing your storage requirements becomes much easier with all your money going into one channel.

Pay-As-You-Go Pricing Model

Cloud-based platforms are available on a pay-as-you-go model. This reduces the risk of overpaying for your service because you’re only charged for the amount of data used.

Rapid Deployment of Applications and Services

Deploying cloud computing applications and services is simple. There’s no need for intense employee training, which further reduces your costs.

Accessibility and Mobility

Cloud computing is a highly accessible and mobile technology that can elevate your efficiency in a number of ways.

Access to Data and Applications From Anywhere

All it takes to access a cloud-based platform is a stable internet connection. As a result, you can retrieve key files virtually anywhere.

Improved Collaboration and Productivity

The ability to access data and applications from anywhere boosts collaboration and productivity. Your team gets a unified platform where they can share data with others much faster.

Support for Remote Work and Distributed Teams

Setting up a remote workspace is seamless with a cloud-computing solution. Employees no longer have to come to the office to perform repetitive tasks since they can do them from their computers.

Enhanced Security

If you want to address the most common security concerns in your organization, cloud computing is an excellent option.

Centralized Data Storage and Protection

By storing your information in a centralized location, you decrease the risk of data theft. In essence, you funnel all your resources into one platform rather than spread them out across multiple channels.

Regular Security Updates and Patches

Cloud computing providers offer regular updates to protect your information. Systems with the latest security patches are less prone to cyber attacks.

Advanced Encryption and Authentication Methods

You can also benefit from cloud computing tools due to their next-level encryption and authentication solutions. Most platforms feature AES 256-bit encryption, which is the most advanced and practically impregnable method. Furthermore, two-factor authentication lowers the chances of unauthorized access.

Disaster Recovery and Business Continuity

Business continuity and disaster recovery are two of the most pressing business challenges. Cloud computing solutions can help address these problems.

Automated Data Backup and Recovery

Many cloud storage systems are designed to automatically backup and recover your data. Hence, you don’t need to worry about losing your information in the event of a power outage.

Reduced Downtime and Data Loss

Since cloud computing helps prevent data loss, this technology also saves you less downtime. You don’t have to retrieve information manually because the platform does the work for you.

Simplified Disaster Recovery Planning

Although cloud computing tools are reliable, they’re not immune to failure caused by power loss, natural disasters, and other factors. Fortunately, these platforms have robust disaster recovery plans to get your system up and running in no time.

Disadvantages of Cloud Computing

Since the technology is so effective, you might be asking yourself: “Are there any disadvantages of cloud computing?” There are, and you need to understand these downsides to determine the best way to implement the technology. Here are the main drawbacks of cloud computing.

Data Privacy and Security Concerns

Like any other online technology, cloud computing can put users at risk of data privacy and security concerns.

Potential for Data Breaches and Unauthorized Access

While cloud apps have exceptional security practices, cyber criminals can bypass them with state-of-the-art technology and innovative hacking methods. Consequently, they may gain access to your information and steal your credentials.

Compliance With Data Protection Regulations

Your cloud computing tool may comply with many data protection regulations, but this doesn’t mean your information is 100% secure. Some standards only require apps to use robust password practices and fail to consider other attack methods, such as phishing.

Trusting Third-Party Providers With Sensitive Information

Online services require you to share your information to enable all features. Cloud computing is no different in this respect. You need to provide a third-party vendor with your data, which can be risky.

Limited Control and Customization

Cloud computing is a flexible and scalable technology. At the same time, it limits your control and customization options, which is why you might not be 100% happy with your platform.

Dependence on Cloud Service Providers

You decide what files you wish to share with your cloud-based solution. However, that’s pretty much it when it comes to the control you have over the platform. You depend on the vendor for every other aspect, including updates and patches.

Restrictions on Software and Hardware Customization

There aren’t many options to choose from when selecting a cloud storage plan. The price of your plan mostly depends on how much data you wish to share. Other than that, you get little-to-no hardware and software customization features.

Potential for Vendor Lock-In

Once you create an account with one cloud computing provider, you might not be happy with their services. As a result, you want to switch to a different platform. Many people think this is a simple transition, but that’s not always the case. Even though you can cancel your plan, migrating your data from one tool to the next can be difficult.

Network Dependency and Connectivity Issues

You might be relieved once you set up an account on a cloud-based platform: “I no longer need to clutter my office with masses of documents because I can now use an internet tool.” That said, using an online app also means you depend on network quality.

Reliance on Stable Internet Connection

A stable internet connection is essential for cloud computing. Internet problems can reduce or prevent you from accessing your files altogether.

Performance Issues Due to Network Latency

If your cloud network has high latency, sharing files can be challenging. In turn, latency reduces productivity and collaboration.

Vulnerability to Distributed Denial-of-Service (DDoS) Attacks

Cloud platforms are susceptible to so-called DDoS attacks. A cyber criminal can target your tool and keep you from accessing the service.

Downtime and Service Reliability

Not every cloud computing system performs the same in terms of reducing downtime and maximizing reliability.

Risk of Outages and Service Disruptions

While cloud-based solutions have exceptional recovery plans and backup methods, you’ll still face some downtime in case of outages. Even the shortest service disruption can cause major issues when working on certain projects.

Shared Resources and Potential for Performance Degradation

Cloud systems are convenient because they allow you to store your data in one place. Nonetheless, one of the key disadvantages of cloud computing is managing those shared resources. Accessing information can become difficult if you don’t stay on top of it.

Likewise, performance can drop at any point of your plan. App incompatibility and other issues can compromise data architecture and further compromise management.

Dependence on Provider’s Service Level Agreements (SLAs)

You’ll probably need to enter into an SLA when partnering with a cloud computing provider. These contracts can be rigid, meaning they may fail to recognize and adapt to evolving business needs.

Make an Informed Decision

Cloud computing has tremendous benefits, like improved data storage, collaboration, and cost reduction. The main drawbacks include hardware and software restrictions, connectivity issues, and potential downtime.

Therefore, you should understand the advantages and disadvantages of cloud computing before implementing a platform. Also, consider your business needs when partnering with a cloud provider to help prevent compatibility issues.

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Il Sole 24 Ore: 100 thousand IT professionals missing
OPIT - Open Institute of Technology
OPIT - Open Institute of Technology
May 14, 2024 6 min read

Written on April 24th 2024

Source here: Il Sole 24 Ore (full article in Italian)

Open Institute of Technology: 100 thousand IT professionals missing

Eurostat data processed and disseminated by OPIT. Stem disciplines: the share of graduates in Italy between the ages of 20 and 29 is 18.3%, compared to the European 21.9%

Today, only 29% of young Italians between 25 and 34 have a degree. Not only that: compared to other European countries, the comparison is unequal given that the average in the Old Continent is 46%, bringing Italy to the penultimate place in this ranking, ahead only of Romania. The gap is evident even if the comparison is limited to STEM disciplines (science, technology, engineering and mathematics) where the share of graduates in Italy between the ages of 20 and 29 is 18.3%, compared to the European 21.9%, with peaks of virtuosity which in the case of France that reaches 29.2%. Added to this is the continuing problem of the mismatch between job supply and demand, so much so that 62.8% of companies struggle to find professionals in the technological and IT fields.

The data

The Eurostat data was processed and disseminated by OPIT – Open Institute of Technology. an academic institution accredited at European level, active in the university level education market with online Bachelor’s and Master’s degrees in the technological and digital fields. We are therefore witnessing a phenomenon with worrying implications on the future of the job market in Italy and on the potential loss of competitiveness of our companies at a global level, especially if inserted in a context in which the macroeconomic scenario in the coming years will undergo a profound discontinuity linked to the arrival of “exponential” technologies such as Artificial Intelligence and robotics, but also to the growing threats related to cybersecurity.

Requirements and updates

According to European House Ambrosetti, over 2,000,000 professionals will have to update their skills in the Digital and IT area by 2026, also to take advantage of the current 100,000 vacant IT positions, as estimated by Frank Recruitment Group. But not only that: the Italian context, which is unfavorable for providing the job market with graduates and skills, also has its roots in the chronic birth rate that characterizes our country: according to ISTAT data, in recent years the number of newborns has fallen by 28%, bringing Italy’s birth rate to 1.24, among the lowest in Europe, where the average is 1.46.

Profumo: “Structural deficiency”

“The chronic problem of the absence of IT professionals is structural and of a dual nature: on one hand the number of newborns – therefore, potential “professionals of the future” – is constantly decreasing; on the other hand, the percentage of young people who acquires degrees are firmly among the lowest in Europe”, declared Francesco Profumo, former Minister of Education and rector of OPIT – Open Institute of Technology. “The reasons are varied: from the cost of education (especially if undertaken off-site), to a university offering that is poorly aligned with changes in society, to a lack of awareness and orientation towards STEM subjects, which guarantee the highest employment rates. Change necessarily involves strong investments in the university system (and, in general, in the education system) at the level of the country, starting from the awareness that a functioning education system is the main driver of growth and development in the medium to long term. It is a debated and discussed topic on which, however, a clear and ambitious position is never taken.”

Stagnant context and educational offer

In this stagnant context, the educational offer that comes from online universities increasingly meets the needs of flexibility, quality and cost of recently graduated students, university students looking for specialization and workers interested in updating themselves with innovative skills. According to data from the Ministry of University and Research, enrollments in accredited online universities in Italy have grown by over 141 thousand units in ten years (since 2011), equal to 293.9%. Added to these are the academic institutions accredited at European level, such as OPIT, whose educational offering is overall capable of opening the doors to hundreds of thousands of students, with affordable costs and extremely innovative and updated degree paths.

Analyzing the figures

An analysis of Eurostat statistics relating to the year 2021 highlights that 27% of Europeans aged between 16 and 74 have attended an entirely digital course. The highest share is recorded in Ireland (46%), Finland and Sweden (45%) and the Netherlands (44%). The lowest in Romania (10%), Bulgaria (12%) and Croatia (18%). Italy is at 20%. “With OPIT” – adds Riccardo Ocleppo, founder and director – “we have created a new model of online academic institution, oriented towards new technologies, with innovative programs, a strong practical focus, and an international approach, with professors and students from 38 countries around the world, and teaching in English. We intend to train Italian students not only on current and updated skills, but to prepare them for an increasingly dynamic and global job market. Our young people must be able to face the challenges of the future like those who study at Stanford or Oxford: with solid skills, but also with relational and attitudinal skills that lead them to create global companies and startups or work in multinationals like their international colleagues. The increasing online teaching offer, if well structured and with quality, represents an incredible form of democratization of education, making it accessible at low costs and with methods that adapt to the flexibility needs of many working students.”

Point of reference

With two degrees already starting in September 2023 – a three-year degree (BSc) in Modern Computer Science and a specialization (MSc) in Applied Data Science & AI – and 4 starting in September 2024: a three-year degree (BSc) in Digital Business, and the specializations (MSc) in Enterprise Cybersecurity, Applied Digital Business and Responsible Artificial Intelligence (AI), OPIT is an academic institution of reference for those who intend to respond to the demands of a job market increasingly oriented towards the field of artificial intelligence. Added to this are a high-profile international teaching staff and an exclusively online educational offer focused on the technological and digital fields.

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Times of India: The 600,000 IT job shortage in India and how to solve it
OPIT - Open Institute of Technology
OPIT - Open Institute of Technology
May 2, 2024 3 min read

Written on April 25th 2024

Source here: Times of India 

The job market has never been a straightforward path. Ask anyone who has ever looked for a job, certainly within the last decade, and they can tell you as much. But with the rapid development of AI and machine learning, concerns are growing for people about their career options, with a report from Randstad finding that 7 in 10 people in India are concerned about their job being eliminated by AI.

 Employers have their own share of concerns. According to The World Economic Forum, 97 million new AI-related jobs will be created by 2025 and the share of jobs requiring AI skills will increase by 58%. The IT industry in India is experiencing a tremendous surge in demand for skilled professionals on disruptive technologies like artificial intelligence, machine learning, blockchain, cybersecurity and, according to Nasscom, this is leading to a shortage of 600,000 profiles.

 So how do we fill those gaps? Can we democratize access to top-tier higher education in technology?

These are the questions that Riccardo Ocleppo, the engineer who founded a hugely successful ed-tech platform connecting international students with global Universities, Docsity, asked himself for years. Until he took action and launched the Open Institute of Technology (OPIT), together with the Former Minister of Education of Italy, Prof. Francesco Profumo, to help people take control of their future careers.

OPIT offers BSc and MSc degrees in Computer Science, AI, Data Science, Cybersecurity, and Digital Business, attracting students from over 38 countries worldwide. Through innovative learning experiences and affordable tuition fees starting at €4,050 per year, OPIT empowers students to pursue their educational goals without the financial and personal burden of relocating.

The curriculum, delivered through a mix of live and pre-recorded lectures, equips students with the latest technology skills, as well as business and strategic acumen necessary for careers in their chosen fields. Moreover, OPIT’s EU-accredited degrees enable graduates to pursue employment opportunities in Europe, with recognition by WES facilitating transferability to the US and Canada.

OPIT’s commitment to student success extends beyond academics, with a full-fledged career services department led by Mike McCulloch. Remote students benefit from OPIT’s “digital campus,” fostering connections through vibrant discussion forums, online events, and networking opportunities with leading experts and professors.

Faculty at OPIT, hailing from prestigious institutions and industry giants like Amazon and Microsoft, bring a wealth of academic and practical experience to the table. With a hands-on, practical teaching approach, OPIT prepares students for the dynamic challenges of the modern job market.

In conclusion, OPIT stands as a beacon of hope for individuals seeking to future-proof their careers in technology. By democratizing access to high-quality education and fostering a global learning community, OPIT empowers students to seize control of their futures and thrive in the ever-evolving tech landscape.

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