5 Steps for Making a Good Cloud Computing Decision

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I have been talking about cloud computing for a while now, and although I like the concept, I continue to feel that it is still in development.

Recently, we saw some outages and then allegations of hackers using the cloud to hack into other servers, mostly for anonymity. These things will resolve themselves, but more importantly—before you jump into cloud computing, consider this: Does cloud computing offer the features you need at a budget that makes sense? Here is an outline for making a sound decision:

  • Define why you want to move to a cloud structure.
  • Write down the features that are most important to you today and five years from now.
  • Work with a tech person who knows various cloud vendors well.
  • Do your due diligence on the vendors.
  • Get the tech person to help you implement the cloud computing solution.

I find that when I go through this process with advisory firms, there is a misconception of what the cloud can really accomplish today. I often find that cloud computing does not accomplish the needs of an office and we come up with alternative solutions at an extremely cost-effective budget.

Ash Bhatnagar, CFP®
RIA Independence Co.
Princeton, N.J.

One thought on “5 Steps for Making a Good Cloud Computing Decision

  1. Interesting article. We at WOLF (http://www.wolfframeworks.com) had come up with a few questions before selecting a Cloud Service Provider. Here are some of the checklists:

    1. How do they handle data security and privacy?

    2. Do they maintain a SLA for every customer?

    3. Do they have options of interoperability or data migration?

    4. Where is their data center located?

    5. What kind of SUPPORT services do they provide?

    6. Do they have a disaster recovery plan in place?

    7. Do they have options of giving an iterative prototype for your application at each stage?

    8. Is there an Agile Architecture in place for the application development cycle?

    9. How often do they monitor and manage applications?

    10. Do they address scalability?

    11. What kind of User Experience are they providing and do they have an option for custom Branding?

    12. Who owns the IP of the application?

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