In episode 98 of the Leadership Minute, Tony Uphoff explains cloud database technology and shares five benefits CEOs can expect from migrating their data from an on-premises database into the cloud.
This episode is sponsored by Acceleration Economy’s “Cloud Wars Top 10 Course,” which explains how Bob Evans builds and updates the Cloud Wars Top 10 ranking, as well as how C-suite executives use the list to inform strategic cloud purchase decisions. The course is available today.
Highlights
00:50 — As the name implies, a cloud database is a database service built and accessed through a cloud platform. It serves many of the same functions as a traditional database with the added benefits of improved flexibility, scalability, and cost-effectiveness.
01:12 — Tony shares five advantages CEOs can expect from a cloud database:
- Data accessibility: A CEO’s ability to make strategic decisions depends largely on the data at their disposal. Cloud databases provide real-time access to data from any location.
- Scalability: Cloud databases are easily scalable as a business grows without making significant investments in hardware and resources, as a traditional on-premises database requires.
- Cost-effectiveness: A cloud database can eliminate the cost of expensive hardware, maintenance, and human resources. With a pay-as-you-go model, you only pay for what you use.
- Security: Most cloud providers offer robust security measures that often exceed those of on-premises databases.
- Innovation: Cloud databases enable businesses to leverage advanced technologies like artificial intelligence, machine learning, and big data analytics. These capabilities can provide a competitive advantage.
02:36 — Choosing the right cloud database provider that aligns with your business’ needs and technology infrastructure is crucial. You can learn about the leading cloud vendors — their strengths and how Acceleration Economy analysts ranked them — in the Cloud Wars Top 10.
