What is the news?
Rackspace Technology, one of the leading end-to-end, hybrid multicloud, and AI solutions companies, has announced it has aligned Sharestates for future growth goals and enhanced infrastructure by migrating to Amazon Web Services (AWS). Migrating to the AWS cloud has been cost-effective, with industry adoption and redundancy capabilities for Sharestates. The infrastructure transition helped to improve its customer experience, optimize operations and scalability, and provide the company with the latest cloud technologies and best practices.
Also Read: CIO Influence Interview with Deb Goodkin, Director of FreeBSD Foundation
What is AWS Cloud?
AWS Cloud, provided by Amazon Web Services (AWS), is a comprehensive and highly scalable cloud computing platform offering a wide range of services, including computing power, storage, databases, networking, and more. It enables businesses to build and deploy applications and services quickly and securely, while only paying for the resources they use.
Understanding Cloud Migration
Cloud migration involves transferring digital assets such as data, applications, and IT resources to the cloud. Historically, organizations operated their applications and IT services on self-managed IT infrastructure housed in on-premises data centers. This setup often entailed numerous databases, applications, and system software running on-site.
Types of Cloud Migration:
- Rehosting
- Relocating
- Refactoring
- Replatforming
- Retiring
- Retaining
Steps involved in the Cloud Migration Process:
- Assessment
- Mobilization
- Migration and Modernization
Also Read: Importance of Data Protection in Cybersecurity
What does Sharestates do?
Through its online marketplace, Sharestates creates customized lending solutions for real estate investors and developers. Since its founding in 2014, the company has funded over $3 billion in projects nationwide.
The company’s achievements are rooted in its experienced leadership team, prudent underwriting practices, and focus on building strong relationships with borrowers, brokers, vendors, and $3 billion in projects nationwide.
“The decision to migrate to AWS has modernized Sharestates’ infrastructure, enhanced security, and increased efficiency. Through a three-pronged approach leveraging AWS, Sharestates now has a new, secure infrastructure as a foundation, monitoring by Rackspace and the ability by Sharestates to maintain its own internal system. The new infrastructure approach has enhanced Sharestates’ customer experience, optimized operations, improved scalability, and provided the company the latest cloud technologies and best practices.” – D K Sinha, President of Public Cloud Rackspace Technology
Sharestates Realized Benefits post Migrating to AWS Cloud:
- Faster user interface experience by investors.
- Improved internal reporting experience by staff.
- Faster processing speed by borrowers.
- Improved performance of web application modules by all users.
- Improved banking transfer processing speed.
FAQs
1. What is hybrid multicloud, and why is it important?
Hybrid multicloud refers to the use of multiple cloud services from different providers combined with on-premises infrastructure. This approach offers flexibility, redundancy, and the ability to optimize workloads based on specific needs and performance requirements.
2. What is the role of AI in modern cloud solutions?
AI plays a significant role in modern cloud solutions by enhancing data analysis, automating routine tasks, improving security through advanced threat detection, and enabling predictive maintenance and decision-making processes.
3. What are the security implications of cloud migration?
Cloud migration can enhance security by leveraging advanced security features and protocols offered by cloud providers. However, it also requires careful planning and implementation to ensure data protection, compliance with regulations, and mitigation of potential risks.
4. How can companies optimize their operations with cloud technologies?
Companies can optimize their operations with cloud technologies by automating processes, improving data management, enabling faster deployment of applications, reducing infrastructure costs, and enhancing collaboration and communication across teams.
[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]
