Curious about what is managed private cloud? Managed private cloud describes when a company’s own resources, data and software are stored using a cloud computing environment.
A private cloud differs from a public cloud in that it can only be accessed by approved users in a single-tenant environment. A public cloud is managed by a cloud provider with resources that are shared online, while private clouds offer companies more flexibility and control.
The private cloud infrastructure design is intended to optimise productivity by providing maximised security, scalability, and convenient regulatory compliance. Many businesses prefer private cloud solutions, as they offer more privacy for their confidential documents and other sensitive data.
Unlock peak performance with Beeks’ key financial data centre & private cloud solutions. Let’s explore more on what is managed private cloud and evaluate how it can benefit capital markets.
What Does Managed Private Cloud Mean?
While a public cloud computing system can be beneficial for your company, managed private cloud services combine the advantages of a public cloud with efficient support and management. Once your business has decided to build its own private cloud computing model, it’s essential to ensure that your hosted private cloud is receiving the right attention.
The maintenance and management of your private cloud resources are outsourced to a third-party cloud service provider. The hardware of your hosted private cloud is generally held in your provider’s data centre.
You gain access to more customisation, increased security benefits, and streamlined processes. A hosted private cloud also means you have better control over customised configurations and compliance. Tasks that a cloud provider can take on include installation, configuration, regular tracking, amendments where necessary, backup and recovery, and more. Private cloud environments are managed in the following ways:
Virtualisation
Virtualisation, as part of the cloud computing process, separates IT resources from the actual hardware in the data centre, creating dedicated infrastructure as a service. The users with access to the sensitive data in the private cloud can then interact with virtual machines the same way they might with physical ones. The software collects all essential resources in the data centre, like CPU and storage, and moves them across to the virtual machine whenever prompted to.
Management
Your business may require certain management software to gain more control over the cloud infrastructure. This software manages your resources, ensures they are allocated where necessary, and places configurations across the data centre where needed, all while optimising security and protecting important financial data.
Automation
Automation is all about efficiency. With cloud services, tedious tasks are automated, increasing productivity and saving administrators time by streamlining what were previously time-intensive manual tasks. In addition to this, it improves accuracy on certain tasks. Many application practices, when applied to your private cloud computing system, can create more flexibility and control over your resources and tasks.
Types of Private Cloud Solutions
When it comes to cloud infrastructure, there are three main types of private clouds for your business.
On-Premises Private Cloud
An on-premises private cloud exists in your organisation’s own data centre, and it is your responsibility to purchase the necessary resources. Unfortunately, having a private cloud on your premises means an expensive upfront investment, a lot of regular maintenance and monitoring, and several ongoing costs.
Managed Private Cloud
Managed private clouds offer a lot more efficiency with a cost-effective cloud solution. With a managed private cloud company, your resources are usually held in separate data centres by private cloud experts. They are maintained and managed by a private cloud provider.
A managed private cloud server is more convenient than an on-premises cloud environment and offers a dedicated private cloud with improved efficiency and cost-effectiveness. Additionally, there is greater security in a private cloud environment, as they provide access to approved users only.
Virtual Private Cloud
A virtual private cloud can be used with a public cloud infrastructure, offering more control and security than regular public clouds. Certain tasks and resources that are usually kept in a data centre can be deployed here, and your business can host websites and store data with greater efficiency. However, virtual private clouds do not offer the same level of support and efficiency as managed private clouds do.
Other Cloud Deployment Solutions
Whether your business decides on a private or public cloud, efficiency and productivity should remain at the forefront of your priorities. There are two other types of clouds your business could decide on other than secure private cloud hosting:
Public Cloud
A public cloud is quite different from a managed private cloud service. It offers similar functions in that your provider will maintain and manage your resources. However, you do not actually own the servers in a public cloud— you simply gain access to them when you need to. A public cloud can be beneficial in terms of budget if you are not yet prepared to build your own private cloud network design.
A public cloud is different to a hybrid cloud in that it does not have the same safety as a private or hybrid cloud. When you mitigate workloads to a private cloud, you gain larger control over your resources and greatly improved security benefits.
Hybrid Cloud
A hybrid cloud is essentially a combination of a public cloud and a private cloud. With a hybrid cloud, your resources and applications are stored and implemented across many different environments. It becomes a central platform in which you can manage your data efficiently and still have access to data centres. However, hybrid cloud latency has proven to be a colossal issue. With more cloud environments and larger sets of data, speed and bandwidth can drop, leading to lower performance.
Applications of Managed Private Cloud
There are a number of industries and businesses that use managed private cloud hosting services. Companies with unpredictable workloads and computing needs that need improved control and security over their resources and data should make use of private cloud offerings.
There is often a private cloud for banks because a managed private cloud for financial services offers extreme privacy and data security. Other industries like agriculture, education, healthcare, and hospitality use it for gaining reliable and efficient computing resources, meeting regulatory compliance and reducing costs.
Benefits of Managed Private Cloud For Finance Markets
A private cloud for financial services and the banking industry as a whole is a necessity. These are the benefits of using a managed private cloud solution for the finance sector:
Reduced Risks
You can use a private cloud to reduce the risk associated with having private data hosted on a public cloud. There are very few private cloud risks when it comes to the safety of data and protecting the organisation from financial crimes. Additionally, sensitive data is stored by organisations in the financial industry under strengthened security in private clouds accessible only by authorised parties.
Mobility & Storage
With a private cloud exchange, financial firms have the option to scale their solution according to their workload needs. Data is easily moved around, analysed, and evaluated with an on demand private cloud. Your data can also be processed and stored more efficiently.
Innovative Private Cloud Hardware
With a private cloud design, you have access to the latest innovations and optimal private cloud performance. The components of a private cloud environment are set up in such a way as to easily pair your new technology between your business, bankers, and clients, leading to enhanced growth and increased productivity.
Cost Effective
When you set up a private cloud environment, your financial company is essentially cutting expenses in the long run by eliminating the need to adjust your budget for traditional technology. The private cloud components are configured to allow your bankers to prioritise the best investments for your business.
Choose Beeks’ Managed Private Cloud Solutions
Now that you know what is private cloud, you may be interested in learning more about Beeks’ private cloud hosting solutions.
Beeks understands the importance of having a dedicated cloud for your financial and capital markets firm while prioritising privacy and security. As managed private cloud providers, we are dedicated to using our expertise and knowledge to meet your computing and regulatory requirements.
Is your business searching for private cloud services? With our managed cloud solutions, your business will benefit from secure connections, efficiently used resources, and exclusive access to your sensitive data.
Curious to learn more about what is managed private cloud ? Enquire about Beeks’ private managed cloud services to optimise your private cloud infrastructure with ease.
