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Doing Cloud Migration Right: How to Win at Cost Savings, Scalability, and Better Performance

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@itrexITRex

Emerging Tech Development & Consulting: Artificial Intelligence. Advanced Analytics. Machine Learning. Big Data. Cloud

Moving to the cloud is sought after these days. As technologies have matured to ease migration pains, the rush to the cloud has entered a new chapter, enabled by the COVID-19 crisis.

If you are still not sure whether to embrace the cloud, you were already behind 90% of companies worldwide even before the pandemic. The limitations placed by the crisis on in-person interactions have only accelerated cloud plans. Every enterprise has its own reason to get rid of on-premises hardware, from cost savings, scalability, better performance, or security to enhanced social distancing, a new priority on the list.

It is no longer a question of why companies are moving to the cloud. Rather, it is a question of how to deal with cloud migration challenges and make your project a success. The sad truth is, one-third of cloud deployments fail. Sometimes utterly. Like it was with UK-based bank TSB.

Make sure you don’t repeat the mistakes.

We’ve compiled tips and insights drawn from our extensive cloud deployment expertise and global best practices on how to avoid them. Dive in!

Cloud Migration Strategies: How You Can Do It

Basically, there are three strategies for going to the cloud:

Lift and shift.

This strategy, also known as rehosting, is about moving an application to the cloud as it is without code or architecture adjustments (and often moving all the problems along too). It’s simple. On the downside, you don’t realize the full benefits of cloud capabilities.

Replatforming.

This approach involves slight code tweaking to optimize your application for the cloud. For example, you can modify interactions with the database to take advantage of automation or add new features for better scaling.

Refactoring / Rearchiteruing.

This is a more complex approach that involves serious changes in the code or architecture to benefit from the flexibility and elasticity that come with the cloud. Such changes imply a complete redesign of your systems, such as transforming a legacy architecture into independent microservices, to give you the agility you are after.

As with all things in IT, it depends which option is right for you. Leading companies use a combination of them and even, wisely enough, choose to keep some applications or data on-premises.

Cloud Migration Challenges: How To Do It Wrong

Replacing physical machines on the enterprise’s side, the cloud reduces infrastructure costs and IT management efforts. Easy scalability for data storage or processing power through virtualization is another why companies move to the cloud. The cloud also provides elasticity thanks to its ability to grow or shrink automatically in response to demand changes, like a Black Friday spike in web traffic.

However, not all cloud deployments deliver on these transformative promises. Some companies see their systems hit performance issues post-migration. Some see costs multiply. Many even move back to on-prem infrastructure.

The top challenges in moving to the cloud are strategic, boiling down to making the right decisions, lack of business vision. Peer pressure is increasing, with businesses getting swept up by the transformative power of the cloud. But cloud migration is not a fad, and keeping up with the Joneses or just ticking the box is not a strategy.

A bad strategy is also doing this when IT says that redesigning and moving systems to the cloud can potentially save costs, and management decides that they should go to the cloud immediately, hearing “lower costs.” Before the shift, it is necessary to consider a number of things.

Critical questions for your business case:

  • What are our business needs?
  • What do we want to achieve?
  • What are our constraints and requirements?
  • What risk tolerance do we have?
  • What are our measures of success?

Poor Planning

Cloud deployment projects often go awry because of the wrong migration approach. Not all applications are created equal, meaning that some of them do not belong to the cloud in the first place, while others – which, for instance, require high-volume transactional databases — can hold unpleasant performance surprises after the migration.

Not allocating sufficient time to get a thorough picture of your infrastructure, how your apps communicate with each other, and how they will function in a cloud environment is also a recipe for disaster. Setting overly tough deadlines without leaving room for proper testing and migration process optimization is not a good idea either. You will risk a lot of mistakes translating into higher implementation costs and delays.

The questions to answer when planning your project:

  • What is our current state and what are our pain points in the existing infrastructure?
  • Which apps and systems should we migrate and how?
  • Which cloud type should we choose — a public, private or hybrid cloud solution?
  • What Amazon AWS, Microsoft Azure, Google Cloud Platform, or another provider can do for us, and which cloud services are best suited for our workflows?
  • What will be the cost of migrating to the cloud, and what’s about future post-migration costs?

Imbalanced team

Competition for cloud experts has skyrocketed, as increasingly more companies are looking to migrate to the cloud. According to Gartner, more than 60% of senior executives cite a talent shortage as one of their organization’s major concerns.

You can roll out internal training programs or look for outside expert assistance, which can significantly improve your cloud adoption, but anyway make sure that you have cloud pros on your team to take full advantage of the benefits of moving to the cloud. You don’t want to end up with limited scalability or other missed cloud opportunities, right? A successful cloud deployment requires both highly specific cloud expertise and knowledge of old technologies.

Your Team Setup Watchlist:

  • What experts should we include in the project team?
  • Do we have the required skills or should we hire a сloud consulting agency?
  • Which parts of the cloud adoption project can and should we outsource?

Successful Cloud Adoption: How To Do It Right

We sat down with our cloud experts Alexey Zhadov and Michael Pranovich who have successfully completed dozens of migration projects to discuss their experience. Cloud deployment is seldom an easy task, but it is riskier to delay the shift accumulating technical debt, they say.

Here Is Their Essential Cloud Migration Checklist:

  1. A strategic business case is a must. Simply pulling down the data center or dumping on-prem servers is not a winning strategy. You should set clear business goals, like saving money on hardware upgrades, enhancing security, or improving performance to support an increasing number of users. A business case, for example, for a game developer would be using the cloud to speed up release cycles for updates and get an easy scaling solution. Once set, the business objectives should be mapped to the capabilities of the cloud. Cloud is only a means to an end, so you need to specify the end first.
  2. Place a business analyst on your team before engaging application developers and DevOps engineers. A business analyst will help you figure out what business value you can glean from the cloud and translate your business goals into technical requirements for the cloud migration team.
  3. Don’t skip due diligence on your current software. Evaluate your current state and technical debt, the types of apps you are using, and how they talk to each other. Also, look at the money you spend on physical servers, the amount of data generated and storage needed, analytics requirements, and networking. This will help you understand what makes sense to migrate and how your future architecture plan should look like.
  4. Security challenges. You need to have a clear understanding of what data needs to be protected and how you are going to protect it. You also need a plan for an outrage.
  5. Plan properly. “Give me six hours to chop down a tree and I will spend the first four sharpening the axe,” Abraham Lincoln once said. Cloud platforms are just toolboxes. They can do things well, but you should know what you are building. Your cloud architecture plan will depend on your business goals and can be nothing like your on-prem networks. But it should be all-embracing: it is important to decide which apps or their portions can be migrated as they are, which can be easily made cloud native, and which should be completely rewritten. The choice of the right cloud services is also critical — you need to determine which computing resources in a virtual environment, or Infrastructure as a Service (IaaS) services, are the best fit for your workloads and whether to leverage Platform as a Service (PaaS).
  6. What’s about vendor lock-in? When choosing a vendor, consider a business sense that they will make for your company. For example, if your organization is using Amazon Echo, you definitely should go with AWS. It is also important to determine whether to move everything to one cloud provider or go multicloud and keep your options open. Many are adopting a hybrid cloud strategy, blending together on-prem and cloud systems and benefiting from multiple offerings. However, switching over between low-level platforms used for storage and more complex operations, such as virtualization and containerization, can be hard. Some choose to embrace lock-ins to see first how their applications will work on one cloud.
  7. Pay a consulting agency or hire cloud pros. Invest in expert outside help, but be cautious of low-level assistance that can have a devastating impact on your project outcomes. Pros have the technical know-how to help you understand what cloud services you should use, how much it will cost and what architecture needs to be built to meet your business objectives. On top of that, they will deploy your applications to the cloud quicker, which will cost you a lot less than many hours worked by a team without cloud experience.
  8. Migrate step by step. Treating your cloud deployment project as a single big bang initiative may result in a number of technical mistakes, including system downtimes and irrevocable loss of data. A reliable strategy is to start with just one application and learn in the process. There can be a lot of lessons about security, connectivity, data, authentication, performance, redundancy, or costs. Start small, start with applications that are not business critical.
  9. Test thoroughly — and learn again. Move to the next portion of software only after making sure that everything works as expected. Comprehensive testing makes it much easier to deal with any issues arising without grinding your systems to a halt.
  10. Automate things, especially if you have dozens of servers. The migration will proceed faster if your team is able to automatically provision environments and deploy automation to convert your legacy code, which can take months and even years if refactored or rewritten manually. Automated security updates or functional improvements are also critical. It is worth automating other vital steps in cloud migration, such as scanning of legacy data sources, workload testing, and optimization.

Conclusion

Cloud adoption is already mainstream. Your cloud project can be pretty straightforward or incredibly complex. No matter the complexity, you should be very clear about what you want to achieve and what is involved. The cloud enables great agility, so make sure to take advantage of it or partner with someone who can help.

If you have more questions about how to move the cloud successfully or are not sure how to get started, feel free to contact our cloud experts.

Previously published here.

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Source: https://hackernoon.com/doing-cloud-migration-right-how-to-win-at-cost-savings-scalability-and-better-performance-yq933gn?source=rss

Forex

What is an Action Refund Review?

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You have been defrauded by a fraudulent broker. What are you going to do ? In this Action Refund review, we’ll explain everything to you.

A study by “Scamwatch”, with the help of the ACCC (Australian Competition & Consumer Commission), suggests that so far, in 2020, around 195,848 reports of all types of scams have been submitted, with a loss of approximately $ 150,838,567. This is insane!

A real company called “Action Refund” had the ambition to help victims internationally to recover their stolen capital from various crooks in the foreign exchange market. Their team is made up of knowledgeable service agents who have helped dozens of users and victims of scams across the world. In addition, Action Refund offers a free consultation over the phone with a professional case analyst. We suggest that you contact Action Refund as soon as possible.

When you are in the middle of the process of filing a refund claim with a complicated case, it is very important to have professional assistance on your side. If you’re curious about what the company’s collection service is all about, below is an interview with a fraud victim to understand what Action Refund did with their case:

Can you tell us how it all started? (Action Refund Review)

At the end of 2019, I came across an advertisement in my inbox approving that Bill Gates made a fortune from forex trading, so I thought “I’ll give it a shot” and left some of my details on the site of this company.

They assigned me an account manager named “Gary Silverson”. He was polite and appeared to be an expert, promising the world and more with future profits. He assured me that with his advice, my trading account could be multiplied by 10 in no time. I thought that was probably an overestimate, however, if the forex market is open to everyone it is very possible to increase my income and triple my investments, at least that’s what I got. has sold. I wanted to deposit around $ 750 to open an account so I followed his instructions.

Gary explained to me very briefly about the application they are using, omitting crucial details and saying “trust me, you don’t need this info, we need more repositories”. You could say that I was very naive.

That seems good to me…

Back then, I was making decent profits instantly. We had a few trading sessions together for two months. Over time, he started to take control of my account transactions and I followed his lead, not asking anything because I knew he wouldn’t respond correctly. A few days later, the agent reached out to me via WhatsApp regarding a new opportunity emerging due to the announcement of the US election. Gary offered me a zero risk plan so that we could increase my earnings. I confirmed it, and we did make a little more profit.

At the time, my account was showing a profit of $ 5,129 from my initial deposit. I wanted to request a withdrawal of $ 1000 and it was returned to me without a problem. I remember I was quite surprised. I thought to myself, “How could I not find this forex trading company before?”. A month passed, and I reconsidered depositing an additional $ 15,000. Then I got promoted for what the company calls “platinum membership”.

So you claim that you had no problem withdrawing funds from the trading account?

Not at all. As I mentioned, everything went well at first. Honestly, it looked like Gary was doing a good job.

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Forex

Vestle Review 2021 – CySEC Broker Or CySEC Scam?

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Description: Can you be scammed by Vestle broker? Read our comprehensive Vestle review covering the most important information about the broker.

Whether you have or plan to have an account with this broker, this Vestle review is something you must read

Regulated by: CySEC
Headquarters Country: Cyprus
Foundation year: 2015
Platforms: Web trader
Instruments: FX, commodities, shares, indicies, crypto, ETFs

Is Vestle a legit broker?

Over the years, many clients had a terrible experience with CySEC regulated brokers. Therefore, we decided to check few things in our Vestle review. 

For a start, is Vestle regulation a real regulation or yet another attempt of a regulated company to have an off-sight brand. How the broker operates, and the odds that it will steal your money. Let’s start.

 Vestle Regulation and Security

Vestle is a brand owned by iCFD Limited, regulated by CySEC. The company was formerly known as iForex Ltd. Whenever the broker changes its name, there is a reason for that. And usually, the reason is hundreds of unsatisfied traders and bad reviews. 

When it comes to funds, allegedly, every payment method the company uses is supervised by another EU country. It seems that the broker just listed all the countries where payment providers are based.

What can you trade with a Vestle broker?

Vestle is a broker that provides a high range of trading assets. Clients can trade with currency pairs, commodities, indices, shares, cryptocurrencies, and ETFs. There are over 900 assets available.

All the trades are executed on the web trader of a broker called FXnet. This type of trading platform is always riskier than trading with MT4 or MT5. Every experienced trader prefers MetaTrader in the first place because of security reasons, but also because it has more features. Unfortunately, the broker does not have a Demo account, so we couldn’t test the web trader and decide if it’s good or bad. Besides the web trader, the broker also offers Vestle mobile, its own app for Android and iOS devices. 

When it comes to leverage, it’s limited by CySEC rules. The highest leverage is 1:30 for currency pairs.

 

 

Deposit and Withdrawal Methods

When we talk about funding the account, there are several methods available. The client can deposit using debit/credit card, wire transfer, and few E-wallets. For card deposits, funds are visible instantly, while for wire transfers and E-wallets takes up to 5 business days. The same methods are available for withdrawals; only it takes up to 10 business days for the money to appear on the client’s account.

As per our Vestle review, it seems that the broker has issues with double charging. Many clients of this company complained that they see the double transaction in their bank statement. 

When it comes to the deposit amount, Vestle keeps it hidden. Nowhere on the website, you cannot find the list of account types and deposits necessary. It seems that after you get a call from their support, they will evaluate your financial situation and require a certain amount of money from you.

The same thing can be said about commissions and fees the broker is charging. We were unable to find this list anywhere. This looks bad for the Vestle broker. As a CySEC regulated broker, it should be very transparent when it comes to money.

Conclusion about Vestle

Based on everything in our Vestle review, we can say next. The broker shows a low level of transparency about fees and costs. The trades are executed on the web trader, easy to manipulate and change market prices. Even though the company is in the CySEC register since 2015, on the website of Vestle, there is a claim that they are operating for over 15 years. Now, it opens two questions: were they working unregulated or misleading clients to believe they are joining a long-lasting company. Whatever the answer is, a broker should not be proud to publish it.

After saying all this, we will leave it to you to decide if Vestle is a good broker or yet another CySEC scam.

 Source : Plato

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Forex

New method of investment: Copy trading, or copy trading as it was originally called

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These are busy days for those who have a certain level of savings in the economy. Because already sharp movements occur in the Turkish lira because of their very high rates of investment to translate the uncertainties in Turkey in recent times with a certain amount of savings. This enables people to turn to different investment methods.

If you are looking for a dynamic investment method and still do not know where to start, we will have a profitable suggestion for you. A type of investment, originally called “Forex copy trading”, and another name that can be translated as copy investment in Turkish is social investment. It can be a good entry-level choice for those who do not know exactly how and how to invest in investment vehicles.

The basic logic of copy trading is to imitate the investments of successful investors in the exchange you want to enter. It’s that simple. Anyway, the name of this investment concept is therefore determined as copy investment.

According to one of the studies conducted in recent years, this type of investment is increasingly taking up a place in the market. The copy investment market will reach an amount of € 70 billion by the end of 2025, according to researches.

To start copy trading, the first thing to do is to choose a reliable and profitable investment platform. At this point, the next step in choosing a reliable investment platform is  Forex Copy Trading

that is, to be able to follow reliable investors for copy investment. Therefore, the choice of platform is very important at this point.

A Close Look at Copy Investment

In short, it is important that copy investment or social investment platforms allow experienced investors to copy their investments directly. Here, when you find such an investment exchange, the investment made in this way is also called “auto investment” because you invest your own account directly into the account of the experienced investor.

You can invest in the form of copy investment in the BIST 100, crypto money exchanges and even foreign exchanges. It is a method that can be followed even for foreign currency deposits. However, it will require serious research at the stage of determining the investors you will follow in the first place.

How Exactly to Invest in Copy?

In fact, there are two popular ways to do this.

Following the Investors’ Strategies One to One

Whichever exchange you are investing in, you can learn the investments made by the really experienced names of that stock exchange with a good research and make these investments one by one.

Benefits:

Simple System: The investment you will make in this way will be a very simple and easy-to-use investment type. This is the reason why it is called auto investment as a type of investment that you can directly imitate the investments of expert investors in the field.

Flexibility: You can follow this type of investment from any digital device. It is a very flexible method as you will do the same no matter where you are, as soon as you hear about the direct investment of the person you follow, as there is no subject to think about.

Choosing a strategy is very easy: All you have to do is find the best in the field with the right research. Once you find it, it will be very easy to determine your strategy.

Transaction Fees: Most successful traders will charge you a certain fee to return their investments. These fee claims create an additional cost. However, you can manage your funds with the confidence that there will be no additional fees or expenses for the investment.

Let others follow your investment. For this, create an investment strategy.

Here you will be the one followed. Of course, this has certain advantages and disadvantages.

Your strategies will directly affect the market: Since you will be the person who will determine the strategy, whatever strategy you follow, the strategy you will follow will be a strategy that will affect the market completely.

You will also get the reward for your labor outside of profits: In this way, you will have to spend all your work on this work. However, you will get more than your followers for your efforts.

You will set the rules of the game: However, doing these operations will require both very serious experience and serious work.

Of course, it would be useful for you to carefully investigate whether there is a method to follow completely. However, it is possible to say that you can carry out such transactions with peace of mind with detailed analysis on the leading quality investment and stock exchange platforms such as AMarkets.

 

 

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Coinpedia

Ethereum Price Smashed $2000, $3000 Incoming At Lightning Speed!

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Ethereum Price (ETH) May Hit $10,000 This Cycle!

The Ethereum price that is known to maintain a stable price movement, finally broke the previous ATH to form a new one. It took more than a months time to regain its lost position above $2000, yet sustained successfully. 

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The price took more time than expected to break the $2000 barrier, yet $3000 may be approaching at rocket speed. As predicted by founder of Gokhstein Media, David Gokhstein, the next stop for the ETH price is around $3,900. 

With the continued bullish trend and intensified rally, the price is expected to surge to the highest levels. According to an analyst and Crypto Youtuber, Young and Investing, the Ethereum price may hit $10,000 within the current bull run.

With the accelerated bull run, many analysts believe Ethereum could lead the market instead of Bitcoin too. Therefore providing a huge opportunity for the altcoins to boom within the ETH bull rally. 

Is Altcoin-Season On the Cards?

Many altcoins normally pop-up with the surge in the price of the second dominant crypto Ethereum. Currently, ETH price is trading around its new all time high around $2152 and expected to fly high. Therefore, many small cap altcoins are expected to rise from ashes and pump more than 50x or even 100x also.

Many analysts believe the Altcoin Season of 2021 is on the way and is expected to be the greatest season ever. According to a popular analyst, XRPcryptowolf, the season will reach its peak during the summer.

Moreover, the coins which are believed to be dead or not performing are also expected to rise. One of the analysts, MC also has given a brief idea on which all coins might pump in the current AltSeason.

Collectively, the breakout of Ethereum price has led to initialization of the most awaited AltSeason of 2021. The ETH price rally is expected to intensify in the coming days, that might smash $10,000 soon.

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Source: https://coinpedia.org/ethereum/ethereum-price-to-surge-to-3000-soon/

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