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 another. 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 harness 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 new 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 simply, 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, 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

Navigating the Process of Selling Deceased Estate Shares

This article aims to provide a comprehensive guide to selling shares from a deceased estate. Process of Selling Deceased Estate Shares.

mm

Published

on

Navigating the Process of Selling Deceased Estate Shares

1. Understanding the Basics of Selling Deceased Estate Shares

Dealing with a deceased estate can be a challenging and emotional process, especially when it comes to handling financial assets like shares. This article aims to provide a comprehensive guide to selling shares from a deceased estate.

2. What are Deceased Estate Shares?

Deceased estate shares refer to the stocks and shares that were owned by an individual who has passed away. These shares become part of the deceased’s estate and are subject to the terms of their will or estate plan.

3. The Importance of Valuing the Shares

The first step in selling deceased estate shares is to obtain a current valuation. This valuation is crucial for several reasons: it helps in distributing the estate among beneficiaries, it may be necessary for tax purposes, and it gives an idea of the market value of the shares.

4. Legal Requirements and Executor Responsibilities

The executor of the estate plays a pivotal role in the management and distribution of the deceased’s assets. This section will cover the legal responsibilities and steps the executor needs to take to lawfully sell the shares.

5. Obtaining Probate

Before any action can be taken with the shares, it’s often necessary to obtain probate. Probate is a legal process that confirms the executor’s authority to deal with the deceased’s assets.

Transferring Shares into the Executor’s Name

Once probate is granted, shares may need to be transferred into the name of the executor. This process varies depending on the company and the type of shares.

6. The Process of Selling Shares

After completing legal formalities, the executor can proceed with selling the shares. This section will outline the steps involved in this process, including choosing a brokerage or financial service, understanding market conditions, and making informed decisions.

Deciding on the Right Time to Sell

Timing can significantly impact the returns from selling shares. Executors need to consider market conditions and financial advice to determine the best time to sell.

Completing the Sale

This subsection will detail the actual process of selling shares, including placing orders, handling transaction fees, and ensuring all regulatory requirements are met.

Accounting Write For Us Guest Post - Finance, Tax, GST, Economics, Banking

7. Navigating Tax Implications and Reporting

Managing tax obligations is a critical aspect of selling deceased estate shares. This section will explain the potential tax implications and the importance of accurate reporting for both capital gains tax and inheritance tax considerations.

Understanding Capital Gains Tax Responsibilities

When shares are sold, any profit made from the time of the deceased’s passing to the sale date may be subject to capital gains tax. Executors need to be aware of these implications and plan accordingly.

Inheritance Tax Considerations

In some jurisdictions, the value of the deceased estate’s shares might impact inheritance tax calculations. It’s essential for executors to understand these aspects in order to ensure compliance with tax laws.

8. Common Challenges and How to Overcome Them

Selling deceased estate shares can present unique challenges. This section will discuss common issues such as disputed wills, fragmented information about the shares, and market volatility.

Dealing with Disputed Wills and Beneficiary Disagreements

Disputes over the will or disagreements among beneficiaries can complicate the process. Executors must handle these situations delicately and legally.

Managing Market Volatility

Shares can be subject to market fluctuations. Executors should be prepared for this volatility and may need to consult financial advisors to navigate these waters effectively.

9. Tips for Executors Handling Deceased Estate Shares

This section will provide practical advice for executors, including the importance of seeking professional advice, keeping thorough records, and communicating clearly with beneficiaries.

Seeking Professional Financial and Legal Advice

The complexity of selling shares from a deceased estate often necessitates professional advice. This can range from legal counsel to financial advisory services.

Record Keeping and Communication with Beneficiaries

Maintaining transparent and thorough records is crucial. Executors should also prioritize clear and consistent communication with all beneficiaries to avoid misunderstandings.

Conclusion

Selling shares from a deceased estate is a responsibility that requires careful attention to legal, financial, and interpersonal dynamics. By understanding the process, staying informed about tax obligations, and tackling challenges head-on, executors can fulfill their duties effectively and respectfully.

Continue Reading
How to Choose the Best Test Automation Tool for Your Development Needs
AI Tools2 days ago

How to Choose the Best Test Automation Tool for Your Development Needs

AI Tools4 days ago

A Guide To Using AI for Knowledge Management

Improving Decision Making with Better Data Handling
AI Tools5 days ago

Improving Decision Making with Better Data Handling

The Future of Event Planning Digital Innovations
Entertainment2 weeks ago

The Future of Event Planning: Digital Innovations

Navigating the Process of Selling Deceased Estate Shares
Business2 weeks ago

Navigating the Process of Selling Deceased Estate Shares

Everything You Need to Know about Installing and Using Hidden Keylogger for Android
Programming3 weeks ago

Top Benefits of Hiring a Professional Android App Development Company

PERCHÉ DOBBIAMO UTILIZZARE UN'APPLICAZIONE ANTIVIRUS SU ANDROID
Blockchain4 weeks ago

Perché Dobbiamo Utilizzare Un’Applicazione Antivirus Su Android?

CYBER SECURITY Business technology Antivirus Alert Protection Security and Cyber Security Firewall Cybersecurity and information technology
Cybersecurity1 month ago

Harnessing AI for Proactive Threat Detection and Response

Key Strategies for Successful Digital Transformation
Business2 months ago

Key Strategies for Successful Digital Transformation

High ROI influencer benefits for brands
Marketing2 months ago

Where to Find Influencers for High ROI Marketing Strategies and Why It Matters

Trending