So, you’ve decided you’re ready to move your business to the cloud. You’ve heard all about the benefits – the cost savings, the workplace flexibility, the scalability, ease of adoption, etc. – and after careful consideration, you’ve determined you want to take the next step.
But when you approach a solutions provider like Advent and broach the subject of the cloud, it’s a little more nuanced than asking for Geneva, Advent Portfolio Exchange, or Black Diamond “with a side of cloud, please.”
In our previous blog post on the cloud, we began to shed light on the basic differences between the private cloud (operated internally by the organization) and the public cloud (operated by a third-party), noting there are benefits and drawbacks to each. Adding another layer to the mix is the hybrid cloud, a cloud computing environment that blends elements of both the private and public cloud.
At Advent, we want to give you the flexibility to choose the cloud setup that best suits your individual needs and goals. Here’s a basic overview of the cloud setups we provide our clients and how we manage the environments:
- Public: Advent maintained and operated multi-tenant environment on a public cloud provider. Although we use the phrase “public cloud provider,” the environment is solely operated and maintained by Advent.
- Hybrid Private: Advent maintained and operated single-tenant environment on a public cloud provider.
- Private Remotely Administered: Advent maintained and operated single-tenant environment on a private cloud provider or an internal firm-specific cloud. Advent remotely monitors and manages the software stack and solutions, including providing upgrades.
There is no one-size-fits all approach to selecting the right public, private or hybrid cloud implementation – you have to weigh the best scenario for your business.
For more information on cloud-based technology for investment managers, download “A Clearer View”, our white paper that covers security, compliance, and the cloud.
Todd sets the company’s long-term technology and solution vision. It’s his job to make sure our solutions incorporate the best technology innovations to meet our clients’ needs and are easy to adopt, own and use. Follow him on Twitter.