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3 Cloud Trends for 2023

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Cloud computing has revolutionized how we store, manage and access data. 2023 has arrived and digital transformation initiatives remain in the fast lane, and if 2023 cloud trends are any indication, there’s no slowing down. Moving to the cloud is no longer an option, as its benefits and new capabilities prove vital for moving forward, especially in an uncertain economy.
Gartner Inc. forecasts that in 2023, worldwide public cloud spending will grow 20.7% to total $591.8 billion, up from $490.3 billion in 2022. The cloud computing market is expected to reach over $1 trillion by 2028. Within a span of 10 years (between 2010 to 2020), the market grew by a massive 635 percent. Read more

What Is Cloud Hosting?

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First of all, to explain what cloud hosting is, the “cloud” refers to a network of computers interconnected to provide system resources on-demand, such as data storage and computing power. The computers, or servers, which make up the cloud reside in data centers which can be located throughout the world. Users access the cloud network using the internet, and are presented with a virtual dashboard to navigate infrastructure and to perform desired tasks. Often, when the cloud consists of a large enough volume of geographically redundant computers, tasks can be distributed between them to more efficiently use computing power.

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The Shared Responsibilities of Cloud Security

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Regardless of which service model an enterprise employs from a cloud provider, what remains prominent is that there are shared responsibilities of cloud security. The burden of maintaining secure infrastructure does not solely lie on the client or the provider, but is instead distributed between the two. Statistics Canada reports the number of police reported cyber crimes increased 164% between 2016 and 2020. Furthermore, the introduction of Bill C-26, which makes reporting cyber attacks mandatory, was in large part because many incidents were going unreported. Therefore, even though the publicly known number of cyber threats is significant, the actual number is even larger. Considering cyber attacks are increasingly becoming more common, now, more than ever, the integrity of the relationship between clients and their cloud provider is critical to success. 

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New Canadian Cybersecurity Bill – A Top Priority for Corporations

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Historically, the field of cybersecurity has been largely unregulated, with little to no requirements needed to be met by corporations. Recently, health centers, municipalities, universities, and other Canadian businesses and organizations have been targeted by electronic espionage and ransomware. In many instances, the attacks go unreported because the corporations fear their reputation may be damaged if word spreads that their existing security was incompetent. Often corporations decide it is in their best interest to pay the ransom fee in order to dismiss the problem, rather than to reach out for external assistance. Recently, the Government of Canada has introduced a new Canadian cybersecurity bill forcing corporations to prioritize mandatory reporting of cyber attacks and the meeting of new security standards.

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