Is Cloud Computing Really Cost-Effective?

Cloud computing is becoming incredibly popular among small and medium-sized businesses due to its cost-effectiveness. In fact, businesses of every size, category, and industry are turning to cloud computing for cost-saving ways to boost speed and productivity. Cloud computing is a perfect solution if you are looking to strengthen the availability, accessibility, and scalability of workflows.

Cloud computing consists of an on-demand supply of IT sources on the internet that is usable at pre-paid pricing. Rather than providing and managing an in-house IT infrastructure, consisting of physical data centres and servers, you can get access to adept technologies, like computing power, databases and storage services from a cloud service provider.

As of now, many companies (especially small and developing businesses) are utilising cloud computing for data backup, email services, developing and testing software, web applications, data recovery, virtual desktops, and big data analytics.

Cost-effectiveness of cloud computing

Zero set-up investments

In comparison to building your own IT infrastructure, cloud computing requires fewer initial costs. Operating and administering your own servers can also lead to unexpected expenses related to the operation of the system.

Since all your IT infrastructure requirements are executed by the cloud service provider for a certain price, there is no need for upfront investments. The cloud service provider takes care of all the support and you get everything you require at any point in time for minimal cost.

Hardware utilisation

Cloud server services optimise the hardware requirements of their data centres, thus increasing their production. When you turn to the cloud-based model, the server framework of the cloud provider is shared between your workload and the computing requirements of other customers.

This will establish the optimum utilisation of hardware sources depending on the workload. Greater performances resulting from economies of scale means lower rates to the cloud server provider, who will in turn decrease the price.

Labour and maintenance 

Cloud computing can also result in decreased labour and maintenance charges. As the hardware is kept by vendors and stored in off-site locations, there is a lesser requirement for in-house IT teams. If servers or other pieces of hardware require maintenance or upgrades, the responsibility is the vendor’s and this doesn’t cost your business any time or money. Getting rid of periodic maintenance can allow your IT staff to concentrate on other relevant actions and advancement. In some situations, this could even lead to reducing staff size. For businesses requiring the resources of an in-house IT team, the cloud will help to eliminate expensive third party hardware repair charges.

Increased productivity

In conjunction with labour savings, cloud computing can be remarkably cost-effective for firms because of the expansion in workforce productivity. Advancing to cloud-based data administration means you are taking up a more simple and automated solution. Especially with its “on-demand service” factor, the cloud-based framework can provide you with more flexible operating techniques. 

The constant accessibility of data can save you a lot of time and money and also help you to avoid needless travelling and meetings. In addition to that, the installation and implementation of these systems are comparatively speedy. Anyone can easily grasp the user-friendly SaaS applications online. These all can lead to better productivity.

Almost all organisations and businesses get great results by opting for cloud computing services and a cloud-based framework instead of establishing their own server. With cloud computing services, administration, support, and operating prices incorporated in a monthly bill, and since you are paying for the processing power that exceeds a server’s capacity, you will save more money over time.

At Nxt IT Solutions, we have numerous cloud computing experts who can help you find the right cloud-based solution for your business. Contact us now to find more information with IT support in Canberra and Griffith IT services available for businesses of all sizes.

5 Reasons Why Businesses Should Outsource Their IT Support

Thanks to COVID-19, 2020 has certainly seen a colossal disruption to typical working processes, but has also seen the growth of remote work as the new normal. Remote working has become a standard practice for many businesses throughout Australia and around the world. However, almost every business is looking for ways to save money, and outsourcing IT support is one possibility. What is the best option? Here’s the benefits and why your business should outsource its IT support.

In-house IT support will assure that you always get consistent IT support from an expert who knows your business intimately. In-house crews serve with you straight and experience all the characteristics and unique diversities of your firm.

In-house teams might sound economical initially in Canberra and Griffith, but if you consider the account salaries, hardware costs, licensed software, subscriptions for cloud service, and maintenance charges, etc, outsourced IT companies appear to look more and more appealing.

Especially outsourcing IT companies in Canberra and Griffith is the best way to handle this pandemic situation. Let’s check out the advantages of outsourcing IT solutions.

1. Security

Security is always a huge concern for any business or company. Unless your in-house IT team is functional in IT security, then their work will sooner or later put your business’s sensitive data at danger.

Outsourced IT companies in Canberra and Griffith specialise in safeguarding against digital threats like hacking. By having the most progressive security techniques and tools, third party IT providers can secure your digital resources.

Security is another prospect of cost-effectiveness. Your business requires the infrastructure to assure sufficient security compliance. Investing in cybersecurity reduces uncertainties related to data breaches, which can be excessively expensive.

2. Cost-effectiveness

Cost-effectiveness is unfortunately a highly prompting aspect right now for all businesses. As we continue to get along with the pandemic situation and an economic decline, a lot of businesses and organisations are looking for ideas to cut expenses so they can preserve jobs for their staff.

An in-house IT team can cost your firm a minimum of tens of thousands of dollars each year. But the expense of an outsourced IT company in Canberra or Griffith can fluctuate remarkably, on behalf of quality and scale. Anyhow, almost all small and medium-sized businesses will be able to cover all their IT requirements at a fraction of in-house expenses.

3. Availability

All prominent and competitive outsource IT companies in Canberra provide 24/7 support programs and committed teams to serve you right away. No matter how good your in-house team might be, they will go on holidays or be else unavailable.

In-house IT teams are sensitive to major disruptions, while one of the benefits of outsourcing is assured uptime. Many IT companies will guarantee smooth processes and their professional reputation depends on that assurance.

4. Optimisation of resources

If your business is already engaging an IT professional for a distinct task in your business (for example, app development), you might need to see their time and effort. By having key expertise in your firm spending time in IT support, you might be spoiling their capability in executing other, more prolific things. Outsourcing an IT company in Canberra or Griffith helps you improve your human resources, relieving your staff to do what they do best.

5. Reduce risk

Every firm investment gets an undeniable amount of risk. Markets, competition, government procedures, economic situations, and technologies all vary very quickly. Outsourcing providers expect and regulate much of this uncertainty for you, with precise industry insight, specifically security and compliance problems. Typically, they are much better at determining how to fend off risk in their fields of proficiency.

It is not simple to make colossal adjustments in your organisation, but IT can be tight on your budget. Overall, IT solutions in Canberra or Griffith need allegiance and commitment to transform your processes. Therefore, if you wish to grow in your company, you have to transform the way you do things! Outsourced IT companies in Canberra and Griffith will free up internal resources, reduce your security risk and free you up to concentrate on your business deals and prosperity.

Considering outsourcing your IT support? Contact Nxt IT to learn more about how we can help your business with Griffith IT support and Canberra IT solutions on offer.

Breaking Down Gray Alerts: What Do These Mean for Businesses?

Unknown threats trigger gray alerts from endpoint detection and response (EDR) tools on a day-to-day basis. But what is it about these gray alerts that warrant a deeper look and how can MDR help?

In the world of cybersecurity, things that are black and white are definite, clear-cut, and recognizable: They are either malicious or benign. And for decades, the security landscape consisted of both the known good and the known bad — which have been easier for security teams to monitor and make sense of. But the threat landscape continues to expand and evolve, and what’s black and white are now accompanied by a large number of the ambiguously gray. Unknown threats trigger gray alerts from endpoint detection and response (EDR) tools on a day-to-day basis. But what is it about these gray alerts that warrant a deeper look?

The gray alert problem

A gray alert is created by a cybersecurity detection tool when it comes across a file or an incident with an undisclosed behavior or characteristic. For example, a detection tool may issue a gray alert for a certain application that it detected to register a potentially unwanted behavior. It could be that because one of the organization’s teams finds it useful and is willing to ride out the application’s effects — such as annoying pop-ups or advertisements — the security team may opt to not look into the application. However, the advertisements this application displays may be infected with malware, which could infect endpoints. This is why an organization’s security team should analyze a gray alert in order to ascertain its true nature and determine what steps to take.

In today’s threat landscape, there is an abundance of sophisticated threats that are difficult to detect by traditional security solutions. Despite this, certain aspects of such threats — such as bundling or information collection — can cause gray alerts to surface on EDR tools. And delaying looking into gray alerts or ignoring them completely can lead to advanced threats entering the system undetected. These undetected threats can function as droppers or loaders for other more insidious threats, such as ransomware, to infiltrate a system. Ransomware is a destructive threat, which if it manages to sneak into a system, wreaks havoc not just on enterprises of various sizes but also on government offices and, recently, even broadcast entities such as The Weather Channel. Undetected threats and unanalyzed gray alerts can leave organizations vulnerable to security risks that can possibly lead to financial loss, operational disruption, and reputational damage. This is why, despite facing budget constraints and a global lack of cybersecurity talent, organizations cannot afford to be without strong security tools and expertise.

As threats become trickier, employing sophisticated detection evasion techniques, the determination process for gray alerts is increasingly becoming more challenging. This is where a security solution that uses machine learning technology — which allows the accurate identification and blocking of brand-new or unclassified threats on an evolving rule set — is at an advantage. Though machine learning is a strategic and helpful cybersecurity tool for threat detection, it is best partnered with other technologies to create a strong, multilayered security posture. Advanced security solutions like EDR tools that use machine learning are most effective when helmed by security professionals who are able to demystify and connect gray alerts to other network events. In order to fully protect a system, gray alerts from various attack vectors such as network, server, and email, should be correlated and analyzed.

But what happens when gray alerts come at great volumes?

So many gray alerts, so few cybersecurity professionals

Cyberthreats are not only becoming so complex that they are able to bypass traditional AV systems; they are also becoming more abundant. An organization’s EDR tools can generate a large number of gray alerts on a day-to-day basis, warning the security team of these benign-until-proven-malicious attacks. However, when the volume of gray alerts is too high, cybersecurity teams may find themselves overwhelmed with the sheer number of gray alerts they have to check — if an organization has its own cybersecurity team to check gray alerts, that is.

The cybersecurity skills gap is a growing concern for nearly 50% of 1,125 chief information security officers (CISO) who responded in an Opinium survey commissioned by Trend Micro in 2018. Companies are finding it harder to find cybersecurity professionals who can join their team to help thwart cyberthreats. In fact, 54% of U.S.-based CISOs who took part in the survey disclosed that they have difficulty hiring skilled professionals.

According to ESG’s “The Life and Times of Cybersecurity Professionals 2018,” 41% of the study’s respondents shared that instead of hiring more experienced cybersecurity professionals, their organizations have had to recruit and train junior personnel. Not having senior cybersecurity pros within an organization may prove to be a disadvantage, as advanced tools are more likely better utilized by those who have experience working with them and know how to make the most out of them. The same ESG research points out that 47% of respondents admit that the skills gap has rendered their staff unable to fully utilize security solutions and technologies to their full potential.  

But even if an organization has experienced cybersecurity staff at its disposal, it is not immune to the skills gap. A whopping 66% of respondents state that their existing staff experience heavier workloads due to the skills shortage. And so, even if they have knowledgeable people on board, they become overextended and overburdened with multiple tasks — including pinpointing which gray alert to prioritize for analysis, among the vast volume they are inundated with on the daily. This results in alert fatigue, which happens when security professionals end up tuning out alerts due to a constant deluge of notifications.

Managed detection and response (MDR) helps organizations by providing 24/7 alert monitoring as well as threat detection and response capabilities from experienced cybersecurity professionals who are able to maximize security solutions to an organization’s advantage. An MDR team provides an organization valuable insight on how multiple gray alerts are untangled and correlated into a single non-gray threat. MDR services offer organizations efficient advanced threat intelligence expertise at a cost that’s less than what is associated with having an in-house security team, thereby helping ease the skills gap problem as a bonus.

Written by Trend Micro, posted in Threat Landscape, MDR