How to mitigate risk of a cloud provider going out of business?

PaxProSe

I’ve never had to face this issue, thank goodness, but what steps should a company take to make sure they are prepared for the possibility that their cloud provider could go out of business?

Answer this Question

Answers

2 total
ttopp
Vote Up (5)

This isn’t just some remote, not-gonna-happen possibility. It does happen, as a lot of Nirvanex customers learned earlier this year. Essentially, you need to plan for it almost the same way as disaster recovery. There was a good article about this in Networkworld earlier this year. One of the most effective and easiest things you can do to avoid a scenario where a cloud provider goes belly up is to choose the provider carefully. Google, Amazon, IBM...companies that are large and established are far less likely to suddenly go out of business than some small, undercapitalized business. 

If you want to read the entire article, here is a link to it. 

http://www.networkworld.com/news/2014/010814-cloud-provider-277521.html?hpg1=bn

jimlynch
Vote Up (4)

Ttopp's answer is right on the mark. Research your provider very carefully before making a decision and only choose one with a top notch reputation and financial stability. If you have any doubts about the company, don't go with it.

Ask a question

Join Now or Sign In to ask a question.
Microsoft has begun boosting the free allowance of its OneDrive cloud-based storage service to one terabyte for subscribers to consumer and college student Office 365 plans.
IBM is offering a potentially powerful incentive in its attempts to entice organizations to move supercomputing jobs to the cloud: a high-speed network communications link called InfiniBand.
Businesses don't have to use Sprint's network or even Android devices.
Dropbox will continue beefing up the business version of its cloud storage and file sharing service, adding security features to shared links, full-text search capabilities and new tools for enterprise developers.
Big Switch Networks this week is unveiling an SDN controller designed to bring Google-like hyperscale networking to enterprises.
Strong sales of cloud products to businesses helped lift Microsoft's revenue by 18 percent last quarter, though its profits declined.
Following through on promises from new CEO Satya Nadella, Microsoft continues to add support for non-Microsoft technologies, allowing them to run well on the company's Azure cloud hosting platform.
Researchers have concluded that those billions of connected devices could help save lives in the event of disaster, even one that knocks out the Internet
Companies adopting cloud computing most aggressively say that business agility -- not cost -- is the primary driver of adoption.
Companies interested in moving to cloud computing are increasingly choosing a private cloud for the increased security and, often, compliance features instead of the public cloud, according to a recent survey.
randomness