The Amazon Web Service is still leading the infrastructure-as-a service market. The reason the hype is around Google Cloud Platform lately is because Google used its data analytics and artificial intelligence tools to entice enterprise customers.
In terms of the security products AWS and Google Cloud offers, here is how AWS is still leading the industry in comparison.
Google Cloud Platform security is one of the first products worked on long before GCP launched as a cloud service. The security model offered by GCP including container security and cloud infrastructure security include data encryption in transit between Google applications, the customers and data centers by default. The data is stored on persistent disks and encrypted under 256-bit AES and each key is encrypted with master keys with auto-change function. In addition, Google’s relationship with the biggest ISPs in the world allow Google to recognize the “noise” of attacks further securing the data in transit. This limits the hops around the public internet. Google also has storage stack requiring authentication for every request in addition to Identity Access Management (IAM) that prevent unwanted access to other resources. This feature is also similar to AWS.
For AWS as well, data in transit is encrypted between customers, data centers and data in all of the AWS cloud. Like Google AWS uses 256 – bit AES a regularly changed master key to secure data stored in EC2 instances. Unlike Google though, AWS has network firewalls built into the Virtual Private Clouds that let you create private networks, control access to instances and applications. It is more customizable and allows more control over application access.
AWS security differentiates itself from GCP is in by having network firewalls built on VPC and the use of AWS WAF allows for the creation of private networks including controlling access to instances and applications. For clients, this gives more flexibility and control over the features and purchasing pricing options. To reinforce the control factor, AWS Key Management Service lets you choose between AWS managed encryption keys or you privately controlling the keys. AWS also uses cloud HSM to meet compliance requirements. Like GCP, AWS has Identity and Access Management (IAM) that defines, enforces and manages user access policies but differentiated itself by the AWS Multi-Factor Authentication that is a big selling point for the client from a security perspective.
With the AWS approach to security, clients can be sure to boost their cloud security standards. These technical edges reflect itself on the stock market trends or AWS.
Although for Amazon the numbers were far from impressive this time as the stats state Amazon missing revenues, guided for a much lower revenue and operating profit in the fourth quarter, the cloud giant such as Alphabet (GOOGLE) along with other tech giants such as Facebook and Netflix also experienced a decline.
This decline cannot only be tied to Amazon’s performance but to the overall FANG stock market and economy in general. Despite the numeric declines, Amazon’s valuation is very rich for a company entering a slower growth period and this possibly is indicative of the overall environment surrounding stocks right now.