Cloud-based Vendor

From BCMpedia. A Wiki Glossary for Business Continuity Management (BCM) and Disaster Recovery (DR).
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1. Cloud-based vendors replicate organisation's documents, store them in the cloud and install security controls to protect them for a price.

Related Term: Cloud-based Disaster Recovery

(Source: Business Continuity Management Institute - BCM Institute)

 

2. The organization that provides cloud-based IT resources is the cloud provider. When assuming the role of cloud provider, an organization is responsible for making cloud services available to cloud consumers, as per agreed upon SLA guarantees. The cloud provider is further tasked with any required management and administrative duties to ensure the on-going operation of the overall cloud infrastructure. Cloud providers normally own the IT resources that are made available for lease by cloud consumers; however, some cloud providers also "resell" IT resources leased from other cloud providers.
Source: (Arcitura Education Inc, 2017)