Cloud technologies encompass a wide umbrella of multiple service offerings and underlying technologies, as depicted in the following diagram:
The increasing popularity of cloud computing has resulted in its wide adoption across industries such as banking, insurance, hi-tech, pharmacy, manufacturing, and so on. Big data systems ingest huge volumes of data from multiple source systems with variety of formats. Therefore, its quite economical to stage or store data on cloud compared to on-premise systems.
Even with Internet of Things, sensor data from machines runs into terabytes and petabytes quickly, therefore only cloud systems are economical to hold such data volumes. With strategic and systematic adoption of business processes, applications, platforms, and infrastructures, businesses can accrue the following multiple benefits:
- Dynamic load patterns and elastic scalability: A well-known application of the cloud is where the workload is varying and unpredictable...