Public cloud spending and adoption has emerged as a growing sector. As per the assumptions made by analysts, organizations will spend $591.8 billion on cloud infrastructure and services this year, more than 20.7% from last year.
According to the Forrester, the public cloud market is set to reach $1 trillion by year 2026, with the lion’s share of investment directed to the big four, i.e. Alibaba, Amazon Web Services, Google Cloud, and Microsoft.
So, What Is Going On?
In the wake of pandemic, businesses hastened their cloud migration and reaped the rewards as cloud services sped up innovation, offering elasticity to adjust to change demand, and scaled with expansion. Even as the C-suite reduces spending in other areas, it is certain that there is no going back. The demand from businesses for platform-as-a-service (PaaS), which is expected to reach $136 billion in 2023, and infrastructure-as-a-service (IaaS), which is expected to reach $150 billion, is particularly high.
Still, this rapid growth, which in fact caught business strategists and technologies by surprise, has its own cons. If organizations do not take the essential actions to increase the security of public cloud data, the risks are likely to grow considerably.
Shadow Data Is Growing Due to Lax Security Controls
The challenges posed by “shadow data,” or unknown, uncontrolled public cloud data, is a result of a number of issues. Business users are creating
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