Connect with us

Business

What is Cloud-Native Technology And Should You Use It?

Cloud-native technology is a set of principles used to build and manage applications that can completely leverage cloud computing benefits.

mm

Published

on

Cloud Computing Services

The arrival of cloud computing technology has revolutionized the way modern businesses operate. It offers a wide array of benefits, including increased flexibility, reliability, and scalability. It’s become one of the key catalysts behind the digital transformation of new-age business organizations.

Whether you’re running a small startup or a global corporation, you likely already use cloud computing in some form or the other. Even if you’re running an offline enterprise, you must have used cloud servers to store your business data and other digital assets.

It isn’t surprising that the global cloud computing market was worth $371.4 billion in 2020. Moreover, it’s estimated to reach $832.1 billion, with a CAGR of 17.5%. The popularity of cloud computing has further skyrocketed due to the current COVID-19 pandemic.

This means cloud computing is capable of much more than simple storage. You have to know how to gear its potential to the fullest. This is where cloud-native architecture steps into the picture. It lets you leverage the full capabilities of cloud-based environments to build and run business applications.

However, if you are latest to the world of cloud computing, you might be sceptical about using cloud-native applications for your business. In this blog, we’ll delve deeper into the world of cloud-native technology and identify its pros and cons. Let’s get started.

Cloud Computing The Pros Cons

1. What is Cloud-Native Technology?

Put merely, cloud-native technology is a set of principles used to build and manage applications that can completely leverage the benefits of cloud computing. This, in turn, means developing, testing, deploying and operating software applications on the cloud end-to-end.

Cloud-native applications are different from their cloud-based counterparts. Unlike cloud-native applications, cloud-based ones are modified to work in cloud-based environments. That’s why they don’t let you exploit all the benefits of cloud computing models.

On the other hand, cloud-native applications are specifically built for the cloud. Typically, they comprise independent and loosely coupled components called microservices. Each microservice is a small application that performs a specific business function or task.

These microservices communicate with each other using application programming interfaces (APIs). Also, they’re grouped into containers and eventually deployed on the cloud. This approach of software development is in sharp contrast to the traditional style of building monolithic applications.

Are you still wondering whether it’s a good idea to start utilizing cloud-native development? Let’s take a look at its advantages and disadvantages to help you make an informed decision.

leverage cloud computing benefits

2. Benefits of Cloud-Native Technology

According to a 2018 report by IBM, 77% of non-cloud apps will switch to cloud-based environments by 2021. Also, 25% of existing cloud-based apps will be revamped to become cloud-native. With 2 out of 3 companies already leveraging cloud-native technology, it’s high time you consider using it.

Here are the key benefits of using cloud-native applications for your business:

a. Scalability

Cloud-native applications that are equipped to handle 50 users can also accommodate 500 users when the time comes. This is because cloud environments allocate resources on-demand.

Also, you can improve their functionality by tweaking individual components instead of disrupting the entire application. It ensures that once an application is built, it can easily accommodate your business’s growing needs.

b. Speed

The use of independent microservices and containers ensures that cloud-native apps can be easily tested and modified. Instead of working on the entire application, a developer can focus on weeding out bugs in specific microservices. This, in turn, escalates the overall speed of the development process.

c. Automation

Most modern cloud-native apps are designed to support DevOps and agile practices. This, in turn, helps automate various tasks, such as software deployment, delivery, and maintenance.

Logical Reasoning aided by Automation

d. Resilience

Cloud-native applications are mostly immune to any faults in the network, hardware, or software. Even when there’s a failure, you can quickly isolate it to a specific component. This, in turn, means cloud-native apps are fault-tolerant and offer higher uptime.

e. Cost-Effective

Cloud-native development saves you from the hassle of purchasing and configuring specialized hardware to test and deploy applications. This, in turn, makes the process more cost-effective in the long run.

3. But There’s a Catch…

While the advantages of cloud-native architecture are aplenty, it comes with a few critical shortcomings. To begin with, applications deployed and run on the cloud aren’t immune to cyberattacks and breaches. Also, the security tools and processes used for traditional software applications aren’t fit for cloud environments.

This means you need to use a specialized cloud-native security platform to protect your applications. Such a platform will provide you with the right security tools and processes to handle dynamic cloud computing models. However, they come at an additional cost.

Also, the transition from traditional, legacy software to cloud-native apps can be challenging. You’ll need to provide your team with adequate training to work in a cloud-native environment. If your team doesn’t have the resources or expertise to build such apps, you’ll need to hire skilled developers. Again, this means more expenses.

4. Final Thoughts

So, the decision to use cloud-native apps ultimately boils down to your resources, skills, and personnel. While they’re easily manageable and scalable, the initial transition requires significant financial investment. Also, it would help if you implemented specific cloud-native security measures to safeguard these apps.

Does your business use cloud-native applications? Share your cloud technology experience in the comments section below.

We are an Instructor's, Modern Full Stack Web Application Developers, Freelancers, Tech Bloggers, and Technical SEO Experts. We deliver a rich set of software applications for your business needs.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Are Bundle Deals Cost-Effective in Reality?

Are Bundle Deals Cost-Effective in Reality? The Relation between Discounts and Consumer Trends, The Concept of Bundling, Bundle Services

mm

Published

on

Are Bundle Deals Cost-Effective in Reality

We as humans love to save money., How much we succeeded at it is a different story altogether. T, that is why we often see huge crowds standing in lines out of stores whenever a heavy discount sale occurs. It is human nature that they pounce on opportunities to feel that there is something extra to be gained.

A, add a time limit on that, and people will go crazy. That is why we see flocks of people on Black Friday, Christmas, and Thanksgiving sales because events like these do not only offer cost savings, but they are available for a minimal time. The fear of missing out is prevalent in the human psyche, and marketers constantly study these consumer patterns to boost sales, invoking specific trigger points of consumers.

1. The Relation between Discounts and Consumer Trends

All this sounds absurd, but scientific studies have also proven that when people wait for such sales and get their desired products from a horde of people fighting for the same thing, it invokes a sense of achievement. This is the natural reward system of our human brain that gets activated when we buy things that we like. This response is immensely amplified when a certain kind of discount or special deal is associated with it. 

Our brain releases dopamine, the same chemical released when we eat something that we like, are in love, or in general, whenever we are happy. This same chemical is also released when you get something out of a deal or a sale, giving a sense of pride and achievement. It might sound funny that you feel rewarded even though you’re not winning anything and you’re paying for it, but that’s how our brains work.

Good teams in big consumer-based organizations make specialized formulated tactics like flash sales and bundle products that attract customers in the name of discounts and limited-time deals. These discounts are offered for several reasons in product-based companies. These discounts are mostly provided on the existing stock to empty the inventory on marginalized prices to fill the new store. This is precisely what big corporations target to trick customers into buying more. 

On the other hand, service-based companies offer bundle deals and discounts to attract new customers and roll out more products in a push to increase revenue and enhance the customer base. It should be noted that a company never compromises on their profit, so these price cuts are offered when a company has reached a specific target revenue and need to push for an extra boost.

2. The Concept of Bundling

There are a lot of techniques to boost sales and drive out more products, and one such tactic is bundling up the service. These bundles are offered in many names like packages, deals, sets, combo, and many other terms, are used, but the underlying fundamentals of marketing remain the same. This is usually done in service-oriented businesses.

However, we see examples of this in the food business, like McDonald’s, KFC, and Burger King that add fries and drink along with their burgers to make a combo or meal. The concept of bundling is to offer different products with reduced pricing in contrast to what they cost separately. This technique is employed mainly by ISPs who bundle their additional services for a slightly lesser price.

Internet service providers mainly offer additional services like cable TV and home phone, among others. T, the concept of bundling is mainly used when a service provider often bundles all these services in a single package and reduces the prices of all three services in the bundle as compared to purchasing them separately at their standalone rates.

This strategy drives their additional services to more consumers, increasing the user base, and helps create a brand value through the expansion of services. On the other end, customers get discounted prices. For example, comparing Spectrum bundle deals for internet, TV, and phone shows that the prices are somewhat reduced when buying a bundle instead of choosing a la carte services.

In the end, this strategy is a win-win situation for both consumers and companies alike. Apart from all this, there are a few more advantages regarding bundles that we will discuss further on.  

3. Why Bundle Services?

Bundling is a great way to get different services. I, it is especially favorable to get these bundles from brands you trust. With the current recession in the market and low buying power, people might not go towards bundling, but this can help them save in the long run if done right. Due to this, we are explaining some benefits customers can achieve through bundling:

4. Everything under One Bill

Everything under One Bill

This is an advantage that most people tend to ignore when considering bundling up the services. Usually, there is a lot of hassle at the start of the month since different bills start piling up for additional services and amounts.

Usually, what happens is that with so much to take care of, people forget the due dates of these bills, which results in a late fee penalty and some cases, complete service disconnection. With bundles, everything usually comes in a single statement so that users can conveniently pay for different services together without any hassle.

5. Cost Saving

They are now coming to the main benefit of bundling, the price. This question is somewhat complicated as bundling saves you some money but not how a regular consumer thinks. Yes, the fees of service drop when bundled instead of when purchased as a standalone product.

But the actual savings come in associated costs. Usually, in the case of internet providers, many other chargers are associated with the service, like installation charges and taxes. This is where a bundle saves you money.

The installation charges of a standalone service and a bundle remain the same, so a user can get all the services included in the bundled installed on a single price instead of paying extra whenever adding services.

On the opposite hand, bundled services’ rates and fees are also reduced in contrast to paying them additionally on each service separately. T, this is how a bundle saves you money.

Conclusion 

We have already established that bundling has some key advantages. Apart from just being a regular marketing gimmick, bundling can help consumers save some bucks. Although this approach might not suit everyone, if you’re interested in getting services and all those services can be achieved in a bundle, we recommend that you go for it.

But make sure that you get bundles from reputable companies, especially for services like the internet and TV, so that you don’t get stuck with the wrong service provider.

Continue Reading
Advertisement
Advertisement
Internet12 hours ago

Exante Reviews 2022 on The Benefits and Advantages of Broker-dealer Cooperation

Internet4 days ago

How Recruitment Agency Services Prove Helpful For Businesses 

Finance1 week ago

Infrastructure Is Critical to Sustained Economic Development in the Global South – Here’s Why

Digital Marketing1 week ago

Why Is Competitive Research Significant In Digital Marketing

Technology1 week ago

How to Boost Employee Engagement During the Holidays

Business2 weeks ago

Are Bundle Deals Cost-Effective in Reality?

Education2 weeks ago

Tips For Perfecting a Resume From Scratch

Business2 weeks ago

8 Ways to Access a Company’s Growth

Digital Marketing2 weeks ago

4 Reasons To Tap Athletes As Sports Brand Ambassadors

Marketplace2 weeks ago

How WordPress became the world’s most popular Content Management System

Advertisement
Advertisement

Trending