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Moving To The Cloud? Here Is What You Should Know

By Amanda Daly | Tuesday, March 26th, 2019

In a recent survey, we asked 150 IT decision-makers working within the global investment management sector to better understand how widespread technological change is affecting the industry. Managed cloud computing and outsourcing IT services were immensely popular among respondents, with 4 out of 5 respondents attesting to leveraging one or both of these offerings, while the rest stated they planned to in the future. 

Are you one of the firms that feel it is time to make the move? After you have deemed that it is time to move to the cloud, your firm needs to choose the right cloud consultant and the right cloud for your firm. Following are five attributes to look for when vetting a cloud consultant:

  • Depth and Quality of Staff

  • Strong Communication Skills

  • A Proven Strategy

  • Experience in Cloud Deployment

  • Deep Security Knowledge

The reality is that there is numerous cloud consultant but be sure to select one that is experienced in deploying cloud solutions that are specific to your industry and has a solid understanding of your business environment. You want to ensure your journey to the cloud is successful and designed to support your organization’s future growth.

Understanding the different types of clouds can help you understand what cloud is best for your firm. When it comes to the public vs. private vs. hybrid debate, there’s a time and a place for each. But again, that decision typically comes down to if a firm is more security driven or perhaps requires more flexibility and less control.

Once you have chosen your reliable cloud consultant and cloud model, you want to start planning and preparing for migration. Not everyone “trusts” the cloud, so understanding the security layers that are involved is beneficial. Firms should inquire about the layers of security in place and ensure the cloud undergoes regular risk assessments and practices other security measures, such as intrusion detection/prevention system, multi-factor authentication, next gen firewalls, targeted attack protection and more. Other factors to consider when planning and preparing for cloud migration is to identify a migration timeframe for data and applications. It’s often effective to break down the migration by workload and start with the less critical applications. Less critical applications will be easier to test in case of a challenge that may occur.

When executing a successful cloud migration, the first thing you need to do is backup your data. Once you have all of your data backed up and readily available, you then will set up your cloud environment and begin the migration. After your migration is complete, you’ll want to ask the following questions:

  • Did it work?

  • Did all of the data migrate?

  • Can my users access it?

  • Are all internal components working properly?

Ready to make the move to the cloud? Contact an Eze  Cloud Consultant to start your migration.

You can also learn more about securing the public cloud in our whitepaper Cloud Security Defined: Required Safeguards for 2019.

Cloud security whitepaper
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