Competitive firms are always looking for ways to grow revenue and serve customers better. So it should be of interest that according to a recent Oxford Economics and SAP study, 58 percent of enterprise companies anticipate the cloud to deliver top-line revenue growth, while 57 percent are experiencing increased agility and responsiveness to customers. 

As more statistics come out about the benefits and usefulness of the cloud, it’s obvious the question is no longer, “Should we move our business to the cloud?” but rather, “Which cloud solution is the best one for our business: public, private, or hybrid?” And answering that question starts with understanding the difference between public and private cloud. Here’s a look at three major differences between public and private cloud solutions 

One-time and recurring costs

As a general rule, public cloud solutions typically come with a smaller price tag, but, according to technology research company 451 Research, high levels of utilization and labor efficiency make it quite possible for self-managed private clouds to deliver a better ROI than the public cloud. So when it comes to one-time and recurring costs, the difference between public and private cloud rests on how your organization uses data. 

Smaller companies with a variable workload demand reap the cost-reduction benefits of the public cloud, such as shared computing, storage and networking resources that can be shared anywhere in the world at any time. Large businesses with a heavy workload and the expertise to manage the hardware, on the other hand, may find that private cloud access is the most cost-effective option, as it can be consumed as a predictable operating expense and result in a low total cost of ownership (TCO). 

Data capacity

The shared aspect of public cloud access is a very important factor to consider when evaluating the difference between public and private cloud. With public cloud access, you can tap into the capacity of an enormous amount of data that is scalable to what you need. This can be advantageous for companies that need to be able to increase or decrease usage over time with seasonal staff. 

Alternatively, private cloud access offers resources dedicated to your organization alone, which means whatever you build and organize is completely yours, and you can build on what you have as you grow. For accounting firms with a large volume of proprietary data, a private cloud gives exclusive use of a permanent, built-in storage space. 

Levels of reliability and security

While both types of data storage maintain high levels of reliability and security, the difference between the public and private cloud comes down to how much control you want over your cloud’s performance. As The Server and StorageIO Group founder Greg Schulz says in an article for ChannelProNetwork, “There is no such thing as a bad public or private cloud, only bad usage or deployment.” 

For example, public cloud and private cloud options both provide redundancy capabilities that will protect your data in the event of power loss. However, public cloud access provides shared redundancy (where availability is shared with other entities on the server), and private cloud provides dedicated redundancy (where availability is exclusive to you).  

In a similar way, public cloud access gives you control over much of your resource utilization, but some elements will be controlled by the hosting operator. With private cloud access, your organization retains the ability to configure and manage your resources with no restrictions.  

Now that you have a better understanding of the difference between public and private cloud access, you might have a better idea of whether public cloud, private cloud or a hybrid cloud (a mix of the two) is the best option for your organization. 

Your next step is to get in touch with AbacusNext today to discuss your options and identify the best option for your unique business.