Saturday, July 31, 2021

After Power Outages, Cloud Insurance Looks Even Better

GigaOm: Last week’s lightning-caused outages for Amazon and Microsoft customers have re-confirmed the risk involved in using public cloud computing services. Although Amazon Web Services customers affected by the outage received credits for 10 days of service use, that might not cover their costs, specifically the opportunity cost of lost business during that outage.

The IEEE and private companies have been working on developing a cloud insurance model that would allow companies to mitigate the risk of cloud computing. In the future, cloud insurance could make it easier for companies to recover from outages, but the industry is only in the very earliest stages of development.

Similar articles

Latest Articles

How Digital Transformation is...

Big data offers a new world of opportunities to businesses of all sizes. However, all that information is of little use to anyone if...

Intel’s Path To Recovery:...

Intel CEO Pat Gelsinger spoke about several exciting initiatives this week that should return Intel to its once almost untouchable position at the top...

Qualcomm Hybrid AI And...

Qualcomm provided an overview last week of what they’re anticipating as we roll out products that use Qualcomm’s artificial intelligence (AI) technology, coupled with...

Today’s Data Science Job...

The data science market is growing and diversifying at a rapid rate.  With growth comes a new variety of data science career opportunities, both for...