As we all know, Cloud service providers like AWS and Azure have many things in common than one might think. You’ll be surprised to know that cloud storage companies have touched the lives of millions which makes the world a better place.
The demand of Cloud Computing in the financial sector is increasing day-by-day, many cloud service vendors have already contested to proclaim supremacy in the Cloud domain. Microsoft Azure and AWS have been relentless and have gained immense popularity for a while now.
In the battle between the best cloud service providers, where Microsoft Azure and AWS both are superheroes in their own rights, it might be challenging for you to find out who is on the cloud. And to determine the best cloud service provider, we need to consider various factors such as data transfer loss rate, cloud storage pricing, rates of data availability, and much more. So we’re going to have a deeper look at AWS vs Azure and find out which cloud service is on the top. So without any further ado, let’s get started!
AWS vs. Azure: The origin of AWS
In 2000, Amazon was forced to reconstruct its development platforms as it served third-party clients. Throughout the years, they had formed a chaotic mess of IT infrastructure where more than one team worked in silos, and performed the same tasks. To extemporize, Amazon’s software development team tried to resolve this mess and also substituted it with well-documented APIs. Everything was going smoothly until 2003, later on, Amazon executives recognized that they could execute and operate scalable, effective data centers. The rest is history.
Do you know who is the biggest competitor of AWS? If not, you’ll be surprised to know Microsoft Azure is the biggest competitor of AWS in cloud computing. Yes, you heard it right! It offers 600 services via a global network of Microsoft-managed servers which are based on machine learning, artificial intelligence, virtual machines, networks, and storage.
AWS vs. Azure: Build a better world
Both AWS and Microsoft Azure have their own way to contribute to the welfare of society. For instance, NASA used the AWS platform which made a huge difference in the banking industry as it created a repository of pictures, audio, and video files easily discoverable in one centralized location. Through this, anyone can access pictures of galaxies far away.
Similarly, a person who owns an NGO might be willing to use AWS to scale a warning system that warns more than 350,000 people in Cambodia when floods jeopardize. This technology has saved hundreds of lives in a cost-effective manner that can be replicated in other at-risk regions.
To create the Weka Smart Fridge, the software team tends to use Azure IoT Suite as it keeps vaccinations properly stored and helps them to reach people who don’t have access to such medical facilities.
AWS vs. Azure: Aggressive Expansions
As we mentioned earlier, AWS and Azure both are superheroes in their own way and are well-respected members of the cloud domain. There is a battle between both the cloud domain as they’re fighting to offer the best financial software development services and taking the banking sector to the next level. Microsoft Azure holds around 30% of all installed application workloads whereas AWS holds around 40% of all installed application workloads.
In 2017, Microsoft Azure’s market share got stuck at 10% having a revenue of around $7 billion while AWS’s market share featured at around 47.8% with a Q4 revenue generation of $4 billion. Now you must be wondering how Azure’s revenue is more as compared to AWS, isn’t it? It is because their cloud division includes both Azure and Office 365. However, recently, Microsoft’s revenue from Azure increased by over 90% this year, doubling the development rate of AWS.
AWS vs. Azure: General features
| Parameter | AWS | Microsoft Azure |
| Date of initiation | 2006 | 2010 |
| Market share | 40% | 30% |
| Open source | More open to open-source community | Less open to open-source community |
| Hybrid cloud | It is a work in progress | Excels in hybrid cloud market |
| Licensing | It provides more flexibility | Catching up with AWS |
| Linux ecosystem | Extensive support for Linux | Still building up |
| Level of encryption | High | Low |
| Pricing model | Charges on an hourly basis | Charges on per minute basis |
| Flexibility | More flexible | Less flexible |
| User interface | User-friendly and rich UI | Less intuitive |
Table data: https://www.edureka.co/blog/aws-vs-azure/
AWS vs. Azure: Advantages
Advantages of AWS
- AWS offers more security and reliability when it comes to computational capacity.
- This cloud platform uses IAM to make sure that no unauthorized user is accessing the platform.
- AWS cloud services for financial software development is one of the most trustworthy and mature services.
- It is easy to use, so even if you’re a beginner, you can still easily understand the services and integration of the platform.
- There are multiple backups which means your data is always safe as it is protected from unwanted failures and loss of critical information.
Advantages of Azure
- Migration and integration of existing Microsoft services can be easily done.
- Azure provides in-built tools which help you to save a lot of time that you invest in deployment.
- It offers high availability.
- It provides a wide range of scalability options.
- You’re not required to create anything from scratch when using Microsoft Azure.
- Most Azure services are cost-effective and support hybrid services.
- High availability and uptime.
AWS vs. Azure: Disadvantages
Disadvantages of AWS
- Billing can be confusing.
- Insecure APIs and interfaces.
- Limited resources.
- Weak identity and access management.
- Common cloud computing problems.
- Improper data encryption.
- Amazon’s EC2 limits.
Disadvantages of Azure
- No offline access.
- Limitation in security monitoring.
- Hard to migrate.
- Extremely complicated environment for large-scale companies.
- Fewer service options.
- Complicated pricing.
- Misunderstanding the shared responsibility model.
Wrapping up
In closing, we would like to mention that there is no clear winner in the battle of best cloud service providers as both of them are great platforms when it comes to financial software development. You just have to make sure that you’re choosing the one which suits your requirements and implementing it the right way.
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