We are living in a world driven by technological disruptions. Cloud-based technology has proven itself as a driver of continuity and growth during the uncertainty arising from the pandemic, with its flexibility, speed, resilience, and scalability.
Facts and statistics
- According to a recent report by Gartner (August 2021), global cloud adoption will continue to expand rapidly and in 2021, the end-user spending on the public cloud will increase to $396 billion.
- Cloud spending is further expected to increase by 21.7% by 2022.
- By 2026 Public cloud spending will exceed 45% of all IT spending by an enterprise. Currently, it is less than 17%.
- By 2022 60% of companies will be using an external cloud provider’s service.
- Selecting the right partner
The businesses have moved their infrastructure using SaaS, PaaS, and IaaS. There is a growing need for 3rd party vendors who specialize in providing customized business solutions and should be capable of handling computing and networking Issues.
They should have a strong insight into the working of cloud computing and could cater to specific organizational needs.
- Carbon-intelligent Cloud
Climate change has become a burning topic with almost all parts of the world facing extreme weather. Climate change mitigation has become an integral part of the vision and goals of businesses. So a race has begun for offering green initiatives by big cloud providers.
- AI-based Cloud
A plethora of challenges can be tackled with the help of AI and machine learning by optimizing the key capabilities of businesses. AI-based cloud promotes accelerated innovation and quicker computation to achieve resource efficiency.
In the era of the sharing economy, more and more companies are collaborating and looking for an open-source cloud service for their business. It is a service that can be customized by companies according to their specific needs.
- Hybrid Solutions
These solutions use a combination of private cloud and a third-party public cloud service to help in the easy movement of workloads between public and private clouds.
It provides more flexibility in Computing. It is expected that the hybrid cloud market will grow to $97.64 billion by 2023 23. Microsoft and Amazon are the 2 leaders who are investing heavily in this technology.
- Serverless architecture
Cloud helps in removing all barriers of an IT infrastructure and provides a serverless architecture where a 3rd party handles the data. This system is easy to administer and reduces the liability of the company.
- Disaster recovery
These days businesses are marred by data outages, cyber fraud, and system failures. According to a report by Spiceworks, 15% of the cloud budget is allocated to disaster recovery. The cloud service has helped the system in storing and maintaining copies of electronic records automatically within an external server. This has led to easy retrieval of lost data in case of a server crash.
Containers are software packages with all the necessary components for running the application from anywhere in the world. It leads to faster delivery scalability and portability.
There are many security risks of cloud computing. It includes illegal invasion, side-channel attacks, and network eavesdropping, etc. To overcome these security challenges Dev challenges Devsecops is created. It is the process of thinking of Infrastructure security from the start and works on automating core security traits. This is done by embedding security controls and processes into the workflow.
- Localized ecosystem
A protectionist and compliance-based International regime and growing regulatory fragmentation have led to the establishment of a new regional and vertical cloud ecosystem system. More and more companies are opening their regional cloud center. Following this trend, Google opened its 2nd regional center in India in 2021.
What is holding the organizations back?
Companies are following a decentralized model of consumption that has resulted in increasing costs exponentially. There is a dire need to control their cloud cost as the usage grows, streamline the expenditure and utilize the services to a fuller extent. There is also a need to cut duplicate spending and avoid unnecessary overheads.
Vision the Future of your Business with Cloud
Companies are moving rapidly to Cloud adoption by advancing their digital businesses I timelines to modernize the environment and transform the work, attain better system reliability and address any other issues arising from the pandemic.
Advancement in wireless communication in the form of 5G R16 and R17 will propel cloud adoption to broader and deeper usage. This will lead to enhanced banking and healthcare transformation.
Cloud is the backbone of the data-driven technology ecosystem and is here to play a vital role in shaping the future of businesses as well.