Public or vendor clouds and the corresponding risks
Public clouds are widely used and the growth is also more than expected with respect to these public clouds. Apart from the wide range of business opportunities and benefits provided by these public clouds, there are more than ten types of risks associated with these public clouds. The best example of these public cloud risks is that, the dotcom boom has lead to great number of opportunities across the business to emerge towards the public clouds and most of the organizations started introducing the latest technologies with the help of these public clouds and thus want to gain the competitive advantage across the market .
Due to this implementation, most of the organizations has faced the supply chain risks as the public clouds are widely used across the vendor side and thus lead to back step towards introducing the technologies and this mainly happens due to lack of sufficient knowledge on the cloud implementation techniques across the business values perspective.
Lack of required standards and interoperability are the primary failure areas where most of the organizations has missed their concentration and thus lost a lot in terms of their business value because of these public clouds or vendor clouds. The common risks associated with these public clouds include a wide range of aspects like data integration, security across the network, availability, manageability, resource sharing, compliance, identity management, vendor viability, vendor lock in and legal ambiguity.
These risks are by default associated with the public clouds and they can’t be eliminated if a standard cloud computing aspects are not developed across the most of the organizations who are preferring the implementation of the public or vendor clouds. The detailed description of these risks associated with these public clouds is as given below with respect to the business value.