Business and commerce don’t have national boundaries. All that matters is the commercial interests of the parties involved in the business transactions. It is these business interests, that have fueled cloud’s exponential growth so far. However, some unforeseen situations could put these equations at great risk. What if a cloud provider is compelled to stop service offering to customers of certain geography without prior notice? In that scenario, what is the way forward for the business, who are ultimately answerable to the end customers?
Cloud is one of the greatest innovations of our time. There are technological, economic, operational, security and many more benefits of cloud adoption. It is hard to even think of letting these benefits go. But, the basic reason why we are adopting cloud is to serve our customers and stakeholders better. If a cloud provider decides to stop the service, then this basic purpose of cloud adoption is lost. Not saying that we need to move away from cloud, but the need is to manage this risk actively. Thus, key considerations are:
· Avoiding concentration risk
· Leverage cloud business continuity tooling
· Adopt multi-cloud and hybrid cloud models
Business and trade have great power to bring countries and cultures closer. It is the mutual dependency and constant communication that brings in the bonding. But there are factors such as war, which supersede trade and commercial relationships. International relationships are too important for trade to prosper. With cloud, a very much an international phenomenon, cross-national risk consideration is very important so that our end customer interests are protected.
Link to YouTube post: https://youtu.be/ePyY3ruNfU4