octobernovember2022 - 8
FEATURE
The Pros and Cons of
Offsite Data Storage
By Richard Bailey
ENTERPRISE-GRADE STORAGE IS the lifeblood of cloud computing.
As a result, global businesses have an insatiable appetite
for data storage, according to Cybersecurity Ventures, and it
is estimated that there will be over 200 zettabytes of data by
2025. A zettabyte equals one billion terabytes.
Since the COVID-19 global pandemic, offsite
storage has become the go-to place for data
storage. Demand for centralized storage services
has grown exponentially. Join us as we
discover the pros and cons of offsite storage,
learning why demand is so high along the way.
WHAT IS OFFSITE STORAGE?
Offsite storage is storage hardware relocated
at a remote, geographically disparate location.
Popular examples include:
* Leasing storage at a remote data center.
* Leveraging a managed service provider's
data center.
* Consuming cloud storage from a cloud provider.
PROS:
Let's jump straight into the pros:
* Scalability and Efficiency: Offsite storage
provides unlimited scalability; there is no cap
on the amount of storage available, and you can
consume as much or as little data as you desire.
Automated schedules automatically archive
data after a pre-defined period. For example,
typical plans may include archiving all data over
90 days old. A computerized routine will copy
the relevant data to archive storage, perhaps
to another provider, to ensure data integrity.
* Cost and Value: Offsite and cloud storage is
an affordable way to acquire enterprise-grade
features (e.g., encryption and data protection);
low cost is why users are switching to offsite
storage en masse. Storage is often sold on a
pay-as-you-go cost model, with free incentives
to encourage users to join. There is no initial
outlay for expensive storage hardware and no
complex maintenance or support contracts
to maintain.
* Instant Availability:
Offsite and cloud data
storage are available
now. You can be up and running within a few
clicks. Files can be uploaded or downloaded
via a cloud console, a command line interface,
or using an app created by the provider. With
offsite cloud storage, the infrastructure is
already in place, and the platform is already
available. As a result, there are no extensive
lead times when procuring the hardware and
no waiting for employee availability to rack
and install hardware. Instead, the client can
plug directly into the cloud storage and start
working immediately.
* It's a Managed Service: The storage solution is
a managed service, so you expect everything to
work perfectly as a consumer. These services
have been around for several years, so the
platforms have had time to bed in. Most cloud
providers offer up to 100% service level agreements
(SLAs) on cloud storage, enforcing the
view that cloud storage reliability is exemplary.
The managed service providers handle
hardware failures and manage the complex
operations needed to keep the service running
efficiently. For example, engineers address
problems at the storage layer and, if required,
can allocate data between clients and devices
on demand. In addition, the managed service
provider is responsible for the storage lifecycle
and upgrade planning.
* Flexible Connectivity: You only need an
internet connection to access offsite storage;
perhaps a dedicated virtual private network
for added security. Data is easy to get to,
private by default, and can be shared with
whomever you like.
8 OCTOBER/NOVEMBER 2022 ■ www.CPAPracticeAdvisor.com
CONS:
* Security and Privacy Concerns: Although cloud
storage is exceptionally secure, incorrectly
configured solutions are possible. There are
numerous examples of a misconfigured storage
bucket exposing sensitive personal data. Protect
offsite storage from unauthorized access and
always encrypt.
* Compliance and Data Governance: There
are complex data pr ivacy laws to follow
when securing or destroying data. General
Data Protection Regulation (GDPR) and Cisco
Certified Network Associate (CCNA) are just two
examples. Consider the location of data; many
businesses are forbidden to store sensitive data
outside the U.S.
* Long-Term Costs: Offsite storage is often
affordable; however, there may be a risk of
vendor lock-in, so research the long-term costs.
* Noisy Neighbors: Choose wisely between
dedicated or shared storage. Will there be
contention for resources from yourself and other
clients? Most good storage providers offer QOS,
but this risk is vital to remember.
So that is our top pros and cons for offsite
data storage. We are witnessing a paradigm
shift toward cloud computing, and offsite cloud
storage is making a real difference for business
and personal users worldwide. ■
Richard Bailey is the Lead IT Consultant at Atlantic.
Net, a growing and profitable cloud hosting company
that specializes in HIPAA compliance.
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octobernovember2022
Table of Contents for the Digital Edition of octobernovember2022
From the Editor: What's for Dinner?
From the Trenches: Your Firm and Your Cloud
The Pros & Cons of Offsite Data Storage
Now's the Time to Engage in Thought Leadership
40 Under 40 Accounting Leaders & 20 Under 40 Influencers
Finance Pros Can Be a Powerful Defense Against Cybersecurity Threats
2022 Digital Security & Cybercrime Update
The Staffing & HR Advisor: Strugging to Recruit Top Talent? Start Re-Recruiting!
The Leadership Advisor: 5 Alternative Work Schedules to Replace Your 9-to-5
4 Steps to Successfully Implement and Manage Change in the Workplace
Converting an S Corp to a C Corp
The Millennial Advisor: Change is Hard
The Labor Law Advisor: Review Your Exempt Employees: Manager & Supervisor Pay
The ProAdvisor Spotlight: Intuit Tax Advisor Delivers Innovative Tax Planning and Tax Strategies
Cyber Insurance for Accounting Firms
Data Security: What Could Go Wrong?
9 Tips to Thwart Cyber Thieves Coming for Your Firm's Data
Marketing Your Firm: Boost Firm Efficiency with Proposal Software
AICPA News: A round-up of recent association news and events
Bridging the Gap: Exploring New Roles and Positions in Your Firm
octobernovember2022 - 1
octobernovember2022 - 2
octobernovember2022 - 3
octobernovember2022 - From the Editor: What's for Dinner?
octobernovember2022 - 5
octobernovember2022 - From the Trenches: Your Firm and Your Cloud
octobernovember2022 - 7
octobernovember2022 - The Pros & Cons of Offsite Data Storage
octobernovember2022 - Now's the Time to Engage in Thought Leadership
octobernovember2022 - 40 Under 40 Accounting Leaders & 20 Under 40 Influencers
octobernovember2022 - 11
octobernovember2022 - 12
octobernovember2022 - Finance Pros Can Be a Powerful Defense Against Cybersecurity Threats
octobernovember2022 - 14
octobernovember2022 - 15
octobernovember2022 - 16
octobernovember2022 - 17
octobernovember2022 - 18
octobernovember2022 - 19
octobernovember2022 - 2022 Digital Security & Cybercrime Update
octobernovember2022 - The Staffing & HR Advisor: Strugging to Recruit Top Talent? Start Re-Recruiting!
octobernovember2022 - The Leadership Advisor: 5 Alternative Work Schedules to Replace Your 9-to-5
octobernovember2022 - 4 Steps to Successfully Implement and Manage Change in the Workplace
octobernovember2022 - Converting an S Corp to a C Corp
octobernovember2022 - The Millennial Advisor: Change is Hard
octobernovember2022 - The Labor Law Advisor: Review Your Exempt Employees: Manager & Supervisor Pay
octobernovember2022 - The ProAdvisor Spotlight: Intuit Tax Advisor Delivers Innovative Tax Planning and Tax Strategies
octobernovember2022 - Cyber Insurance for Accounting Firms
octobernovember2022 - Data Security: What Could Go Wrong?
octobernovember2022 - 9 Tips to Thwart Cyber Thieves Coming for Your Firm's Data
octobernovember2022 - 31
octobernovember2022 - 32
octobernovember2022 - Marketing Your Firm: Boost Firm Efficiency with Proposal Software
octobernovember2022 - AICPA News: A round-up of recent association news and events
octobernovember2022 - Bridging the Gap: Exploring New Roles and Positions in Your Firm
octobernovember2022 - 36
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