Cloud computing and other cloud services are an integral part of business processes. There is hardly a business or organization today whose operations do not at least partly depend on cloud services. Hence, the technology and the services built around it are flourishing. The cloud seems to offer a comprehensive blend of everything; whether it is virtual local area networks, databases, IP addresses, application software, web servers, or operating systems, the cloud is well versed. Our team dived into the future to see what it holds for cloud technologies.
Trends
Current trends in the cloud technology industry demonstrate increased adoption and scalability. Today, up to 84% of enterprises currently utilize multi-cloud strategies. These multi-cloud approaches break down barriers between providers as they become increasingly functional. More on-premise and hybrid cloud solutions are increasing in acceptance and popularity.
Likewise, Artificial Intelligence is improving the speed and efficiency of cloud services, making them an even more attractive technology for businesses across the globe. This holds true for media and entertainment, as cloud services deliver and accelerate a more seamless online gaming, video, and music experience.
By 2025, up to 80% of organizations will move to cloud technologies in some respect, with expectations that the global cloud computing market will hit $1,026 billion by 2026. Similarly, Global IaaS technologies are expected to reach $82 billion by 2022, and 87% of all tech expenditure will be attributed to cloud initiatives. This growth will be attributed mainly to cloud computing models like Serverless, strengthening its position as the fastest-growing extended cloud service. Public cloud adoption of cloud technologies is expected boom with the expectation that up to 98.99% of enterprises will operate on multi-cloud initiatives by 2022.
Benefits
Cloud capabilities offer a plethora of benefits to virtually every organization, both tech and non-tech focused. This development has made it a popular and demanded feature across various industries. For many, one primary advantage is its ability to cut down capital expenses significantly. Cloud technology has been a mainstay in the industry for decades, however many organizations are only starting to explore its advantages and how the cloud can be incorporated for a more versatile technology strategy. The technology is developing rapidly, and recent innovations in cloud computing have set the pace for continued growth.
Cloud offers businesses the opportunity to explore and leverage IT technologies that traditional on-premise IT infrastructure does not provide. Rapid developments in the industry have facilitated unprecedented digital transformations across a broad range of industries, allowing them to explore new market opportunities and provide better services to existing customers. Cloud also offers an almost infinite list of benefits that make it integral for many organizations' successful operations, delivering the resources that provide proactive organizations with an edge from security to dynamic and efficient service delivery.
Scalability
Continued growth is essential for every business, regardless of its size or industry. The ability to achieve this rapidly is an added advantage. IT and cloud computing provides the necessary infrastructure that allows companies to expand capacity quickly to meet emerging demands. Cloud helps to cut down on significant capital investment, especially when a company needs to add capacity. For instance, businesses no longer have to wait for new servers before initiating crucial processes and can launch new applications, manage increasing customer needs, and execute business operations more efficiently through endless virtualized cloud resources. Growth is unlimited as cloud resources are infinitely expansive.
Reduced cost
For many organizations, one primary advantage of cloud technologies is their ability to cut down capital expenses significantly. The ability to incorporate virtualized computing resources to deliver crucial business processes helps to cut down expenses on hardware like cabling, servers, and routers, etc. It also helps to avoid the substantial cost of installing additional infrastructure to manage and maintain those pieces of equipment. Whether it is a full-scale private data facility or a simple on-premise solution, building and managing those infrastructures could demand more than the company's capabilities, especially for small to medium-sized businesses.
By incorporating cloud services, companies can reduce costs by converting those huge expenditures to more modest expenses with a broader range of benefits. The accumulated savings can be invested in innovation and creating better customer experiences.
Security updates
The world of business has gone digital, and cybersecurity is constantly evolving. IT experts do their best to stay informed about all the latest threats, but it is difficult to always stay updated. Many organizations dedicate special personnel to attend to cybersecurity, and others employ third-party services and so on. However, managing cybersecurity using any of these methods can be draining and resource consuming. Thankfully, the all-accommodating nature of the cloud allows companies to harness their security potentials equally, regardless of industry or size. The technology also provides the resources to deploy the latest cybersecurity strategies to combat imminent and emergent threats.
Cloud integration helps keep organizations' systems and databases updated routinely, creating a much safer environment and experience at the managerial, operational, and end-user levels.
Control
Shifting data and workloads to the cloud provides companies with more control. Establishing a remote cloud deployment presents them with various options for building, managing, and controlling their data and workload environment. With cloud computing, companies can create and maintain better visibility and control than what on-premise deployments provide. The flexibility of cloud resources allows them to expand their control capacities infinitely. Furthermore, they can implement a hybrid cloud environment to combine public cloud's versatility and the strict controls of private cloud technologies for a more expansive experience.
The world of business is constantly evolving. The need for companies to expand on flexibility, security, speed, and control is increasing. This is the area where cloud services have an edge. As the world of business continues to evolve, the strategic importance of cloud computing is sure to become more prominent. Even businesses that shift their workload to private environments will still need hybrid and multi-cloud integration in the long run, especially to harness expansive power and for better service delivery.
The advantages of harnessing the power of cloud computing cannot be overemphasized. Developing a distinct cloud strategy that taps into the extensive benefits of cloud computing could be the deciding factor between achieving sustainable success and losing out on strategic opportunities.
About Oliver Parks
Oliver Parks offers search-based recruitment solutions to the technology sector, specialising in ERP, CRM, e-commerce, Business Intelligence, Mobile Development. Data Science & Engineering, Cloud Computing, Web Development, Content Management and Cyber Security. The firm’s multilingual consultants operate in narrowly-defined niche market segments, enabling them to gain extensive knowledge of the people and companies operating in each technology. Oliver Parks has a proven track-record with more than 100,000 candidates worldwide and more than 300 clients globally.