According to the predictions of Garter, by 2024, distributed cloud computing opportunities will be offered by most cloud vendors on a service basis. With the increasing rush in the cloud space and digitalization of documentation, this industry is bound to grow.
Understanding Distributed Cloud
Distributed cloud is an innovation to traditional cloud computing. It means to distribute the public cloud services to distinct physical locations while the responsibility of functioning, governance, renovation and development of services will remain with the inventing public cloud provider. Simply saying, any company using distributed cloud computing can store and process its information in distinct data centers that might be away from each other physically.
This process enables instant receiving of data by the users since the distributed cloud cluster is located close by to the place from where the request was initiated.
Benefits of Distributed Computing
Distributed computing offers a safe, approachable data environment that renders prompt response and many other benefits listed below:
1. Speedy transfer of data and backtesting
The speed at which any data transfers directly relies on the quantum of computing power the system demands to initiate the user’s request and generate output by delivering information. In public clouds, the data needs to traverse longer distances before reaching the users. However, the distributed cloud provides a better solution by allowing faster movement of data owing to the decreased physical proximity of the distributed data center.
Among the top cloud network providers, the MQL5 Cloud Network has an execution speed that reduces the speed of all passes from days to hours. Because of its power, this cloud network could be used for any type of calculation.
These days the analysts of quantitative fund investment funds use the backtesting method (running tests on historical data before using them in real trading) to close trading deals by pocketing the maximum possible profit. The user can test all the ready-made solutions and trading robots by using the back-testing method.
These days, with the help of this cloud network, human intervention is decreasing, and this feature allows the conduction of multiple back-tests. For over 20 years, MetaQuotes has been successful in developing an extremely efficient and reliable trading platform to achieve success in the financial market.
2. Distributed cloud can be budget-friendly
The aforementioned also explains the cost-effectiveness of any cloud computing network. The lesser the computing power consumed in making a request and getting a response, the less one will have to pay to the distributed cloud vendor.
The MQL5 Cloud Computing network is easy-to-use with a myriad of opportunities, and with less computing power consumption. Without having to deploy your own cluster, you can save a lot of money. The cost of using the MQL5 Cloud Network can be calculated in advance with a special formula, as stated in the project FAQ.
3. Transparency in data management from one distributed computing vendor
Opposite to any hybrid cloud network, when the operator switches between public and private cloud environments for the management of cloud data, distributed computing permits the management of the data by requesting it from a single dashboard. Any distributed cloud network can operate by partnering with just one distributed cloud computing vendor in place of multiple ones. This feature in MQL5 allows for transparency in data management by having a single vendor. This comes in handy when dealing with companies and corporations.
Enhanced recovery from disaster and protection of data.
Another major advantage, which cannot be overlooked of any distributed computing, is the independence of cloud environments in spite of the fact that the ownership is with a single vendor. Any company which uses them has a better chance at protecting its data by taking a backup for important information and by distributing it across several environments. This feature extends the benefit of prompt disaster recovery if one part of the network of cloud data storage fails; the remaining ones continue to be in operation uninterrupted.
4. A chance to make money
The computers today stay idle for the most part of their time, and thus the capacity and features of the CPU remain underutilized. Well, the good news is that you can now avail the benefits from the spare power of your PC. With the distributed cloud network, you can sell your CPU’s spare time to the other members of the network community for a myriad of tasks like creating mathematical models.
The launch of the MQL5 Cloud Network in October 2011 allowed the exchange of computer resources between the ones who have a deficit of them and the ones who have idle CPU time on their computers. Over the last decade, this network has hit a unique capacity of 34,000 test agents.
So, anyone who can sell his spare computer capacity can earn money by letting your computer work for you. Alongside, you can sell your trading robots & indicators on the MQL5 Market alongside developers of more than 21 000 ready-made trading solutions, and you can earn special prizes from MetaQuotes for best sales. This way you can also establish a good income as a developer.
5. The benefit of edge computing
One of the major advantages of distributed computing is that it allows for edge computing, which delivers prompt results by processing huge chunks of data due to the closeness of the data source and the device that initiates the request. According to Statista, the global edge computing market size will reach $10.9 billion by 2024 (compared to $1.9 billion in 2018). From the technical point of view, edge computing promises an enhanced bandwidth that is imperative for the processing and transfer of vast data sets. As a response to the need to develop, process, examine, and remit huge amounts of growing data, edge computing can be assumed as the future of cloud computing.
The use of distributed cloud computing like MQL5 Cloud Network can lead to enhanced efficiency of data management and transfer. Edge computing will be the logical result of the adoption of distributed cloud processes with the increase in the quantum of data generation. With the way the world is shrinking, especially in the pandemic era with a major workforce working remotely, this system is ideal for businesses that are required to make fast decisions and need to process data in real-time.