Cloud computing provides on-demand availability of data storage and other computer-based resources via the internet. When considering cloud computing services for your company, you’ll need to determine if a private, public, or hybrid cloud model is best for your operating environment.

What Is Private Cloud Computing?

A private cloud, also known as a corporate or internal cloud, is a computing environment that dedicates all hardware and software to a single customer. With this model, no other organization has access to these resources.

How Does Private Cloud Computing Work?

With a private cloud, the organization typically hosts the service on-premises, either in its data center, on the provider’s infrastructure, or in a rented infrastructure. The company may also manage the service internally or outsource the task to a third party.

Benefits of Private Cloud Computing

Benefits of Private Cloud Computing

Private cloud benefits include:

  • More control over resources.
  • Increased security and privacy from not sharing with other organizations.
  • Better performance due to faster speed and additional space capacity.
  • Enhanced user flexibility.

Limitations of Private Cloud Computing

Potential private cloud drawbacks include:

  • Higher setup, operating, and maintenance costs.
  • Limited access, which can be detrimental to companies that employ remote workers.
  • A less scaleable system.
  • Skilled internal staff requirements.

What Is Public Cloud Computing?

A public cloud computing service involves sharing network devices, hardware, and storage among multiple organizations referred to as tenants. A third-party cloud provider owns and manages the supporting infrastructure.

How Does Public Cloud Computing Work?

How Does Public Cloud Computing Work?

In a typical public cloud example, the third-party provider makes its services available to any organization wishing to purchase them. Companies can often choose the services they want, such as email, storage, office applications, and more. These services may be free or available on-demand.

Benefits of Public Cloud Computing

Advantages of public cloud computing services include:

  • Lower costs.
  • No maintenance requirements.
  • Virtually unlimited scalability.
  • Maximum reliability due to an extensive service network that protects against system failures.

Potential Limitations of Public Cloud Computing

Possible public cloud computing cons include:

  • Fewer options from the one-size-fits-all approach.
  • Limited control over IT system configurations and other management aspects.
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Partnering with a managed cloud computing services provider can alleviate these concerns and deliver optimal results.

Learn About Agio’s Cloud Computing Services

Agio offers managed public cloud computing services that can meet your financial services organization’s networking needs. Visit our cloud management service page to explore the differences between private, public, and hybrid cloud models.