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The advent of computing has brought great revolutionary changes to virtually all sectors in which computers are utilized. However, despite the usefulness of this device based on the limitless number of what it can be used for especially in cloud computing industry, there are some basic challenges that this particular industry are still being faced with, even though there is a great advancement in technology.
In this publication, a platform capable of changing the cloud computing industry, its benefits for businesses, impacts on the AI and Big Data industry and how you as an individual can benefit from sharing your computing power and storage will be properly and articulately discussed on in a very simple language for a better understanding.
Current Challenges Of The Cloud Computing Industry
Lack of resources/expertise is one of the major problems the cloud computing industries are currently being faced with due to the fact that many of them are increasingly placing more workloads in the cloud while cloud technology continues to grow rapidly. However, there is no enough resources/expertise to keep up with the level of advancement. Although getting more hands on deck could have been a solution to this problem, but in the case of SME organizations, which may find adding cloud specialists to their IT teams to be prohibitively costly.
Data breaches are what some organizations do voice out about concerning the use of cloud technology. There has been cases in which sensitive information has gotten into the hands of malicious hackers who may manipulate, delete or otherwise exploit the data. Encryption might be a solution to this( in term of protecting vital information), however, if the encryption key is lost, the data disappears. Others include; compromised credentials and broken authentication, hacked interfaces and APIs, account hijacking etc. Security has indeed been a primary concern from the start of cloud computing technology, and this makes trusting sensitive and proprietary data to a third party very difficult.
A good governance of IT should ensure an adequate control and high level of maintenance of IT assets and their implementation according to agreed policies and procedures and ensure they are supporting an organization’s strategy and business goals. However, IT does not always have full control over the provisioning, de-provisioning and operations of infrastructure, and this has brought about difficulty for IT to provide the governance, compliance and the required risk management.
Also, moving businesses to the cloud makes it dependent on the service providers, which often provide them with innovative technologies they would have no access to. Servers maintained by cloud computing companies can fall victim to an internal bugs, power outages and natural disasters which could lead to the breakdown of the entire system.
However, as always said that no matter how big a problem is, there is always an available solution after the problem has been carefully looked into.
Imagine a world with a global computational grid, more powerful than a super computer; Imagine a world where anyone can profit by joining a massive processing and storage platform; Imagine a world where data are fully secured and data breaches are no longer a threat; Imagine a world where Artificial Intelligence becomes accessible to all and produces powerful insights.
IAGON is an Open Source platform on which the storage capacities and processing power of multiple computers can be effectively and efficiently utilized over a decentralized Blockchain grid, enabling the storage of big/small data files and repositories. It supports the execution of complex computational processes like those involved in artificial intelligence and machine learning operations within a platform that integrates blockchain, cryptographics and AI technologies with maximum level of security and encryption.
The major aim of IAGON is to provide a decentralized grid of storage and processing which would ignite a revolutionary change in the cloud and web services market. However, a super-computer and data center can be created by IAGON via the integration of unused storage capacity in servers, personal computers and their processing power which can compete with any of the current cloud computing giants.
IAGON also aims at equipping or providing companies and individuals with storage and processing services at a relatively cheaper price and an improved level of security through the connection of data centers, business and personal computers, and at the same time utilizing their free storage capacities, CPU and GPU processors during idle times which help to overcome the entry barriers imposed by the high level of investments required to compete in such market.
Also, IAGON will incorporate the use of token into their ecosystem which focus on computer, server and data center owners joining the storage and processing power grids which will serve as a means of paying back to them for sharing the capabilities of their machine. Interestingly, this token known as IAGON token can be traded for fiat money , and any party interested in using their capabilities will need to
purchase IAGON tokens for distribution to the parties that provide their services to the grid.
Benefit Derived By Businesses From Accessing Unused Computing Power And Storage At a Reduced Cost
It is no longer a news that cloud computing is bringing or has brought a new dawn to the IT industry, business intelligence landscape and virtually everything it touches. Businesses, either small or big are coming to the realization of its benefits. For businesses at the bud stage, small and medium ones, that can’t afford costly maintenance of server but need to scale overnight, the benefits are of great value.
These benefits include the ability to use soft native app or a browser which enables users to transfer their files and settings to other devices in a completely smooth and uninterrupted manner.
Also, it offers big businesses cost-saving potential. Prior to the viability of cloud, the requirements given to companies to purchase, construct and maintain information management technology and infrastructure were costly. Presently, instead of investing a huge amount of money on server centers and global IT departments that require constant upgrades, a firm can easily do this at a reduced cost with more efficiency.
The availability of the service at a reduced cost enables users to easily check their emails on any computer and also allows them to store files using services such as Google Drive. Also, the possibility of users to back up their files, music and photos on the available free space ensures the immediate availability of those files.
Individuals find that when they upload photos, videos and documents to the cloud and retrieve them at their convenience, storage space is being reserved on their laptops or desktops. Also, it enables users to upgrade software more easily and quickly.
However, the implication of accessing these services at a reduced cost that the services to be made available by IAGON will enable businesses, both small and large scale to do more of the aforementioned things.
Impact Of A Global Super Computer Created By Interconnecting Computers Via The Smart Computing Grid
IAGON’s Smart Computing Grid is able to execute the following operations
A super-computer created by interconnecting computers via the Smart Computing Grid should be directly built on an advanced Artifcial Intelligence components with over 100 Machine Learning algorithms, methods and techniques that come together to form an AI-Tracker system; this is what IAGON uses .
The AI-Tracker is a powerful learning system with the ability to continuously analyze past and current data streams which depict availability of storage space and processing capacities of miners. Additionally, the AI- Tracker is able to execute tasks such as; optimally allocating and transmitting encrypted files to targeted storage spaces at a very high speed, and equipped with the ability to identify rogue nodes that should be blocked and removed from the grid which subsequently helps to maintain a level of accuracy within the grid system.
IAGON’s Influence On The AI and Big Data Industry
The current state of things is that cloud storage services are being dominated and managed by a few large industries or companies including Amazon, Google and Microsoft which have made the services more expensive and difficult-to-obtain thing. However, with the invasion of IAGON, these services will be made available and more accessible by virtually everyone who is in dire need of it at a relatively cheaper price.
Also, the fact that IAGON will be making use of a powerful learning system which is capable of executing multiple tasks within a very short period of time with a high level of efficiency will make people want to adopt its use.
Subsequently, this will make other AI and big industries improve on the service they are currently offering.
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