To What Extent Is Your Business Prepared for Cloud Computing’s Future?

Cloud computing, which came into prominence in the late 1990s, has rapidly grown in popularity. Its key advantages, such as scalability, business continuity and reduced hardware and maintenance costs, make it an attractive option. The continued development of cloud computing is expected to be substantial. Research firm Gartner anticipates that by 2023, global customers will spend more than $480 billion on public cloud services. To get a better understanding of the key benefits of cloud computing, watch the following informative video:

What factors are fuelling the growth of the cloud computing industry? How can the use of new technologies improve the efficiency of cloud computing? What are the current advantages of cloud computing? How can businesses ensure their readiness for the future of cloud computing? After contemplating these aspects, what is the subsequent course of action for cloud computing? Find the answers to these and other related questions in the following sections.

The Road Ahead for Cloud Computing: Technologies and Trends to Look Out For

Curious about what lies ahead for cloud services in the coming years and beyond? Take note of these emerging trends and developments starting from the latter part of 2023.

  • Cloud service offerings.

    There are various types of cloud services available for businesses, such as Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), with the latter being especially advantageous for organisations.
  • Increased storage capacity.

    With the continuous accumulation of “big data”, more and more businesses are leveraging it for strategic decision-making. In light of this, cloud-based storage solutions are expected to expand in the future.
  • Internet of Things (IoT).

    IoT devices gather data that must be transmitted to a secure location. Cloud services can provide a secure environment for the storage and analysis of this data.
  • Multi-cloud adoption.

    More and more businesses are opting to use multiple cloud services rather than depending solely on a single provider. For instance, a company may utilise one vendor for Infrastructure-as-a-Service (IaaS) and another for hosting productivity tools.

Disruptive Technologies Shaping the Future of Cloud Computing

The advancements and breakthroughs in cloud computing are expected to bring significant advantages to consumers and end-users.

  • Cost savings.

    By adopting cloud services and virtualisation, businesses can minimise their hardware and maintenance expenses. Additionally, with the growth of AI, automated analysis can lead to time and resource savings.
  • Improved security measures.

    For many businesses, cloud computing options provide a higher degree of security than their on-premises models.
  • Real-time data insights.

    To make well-informed decisions, businesses must derive insights from both internal and external data sources. Cloud computing enables seamless storage and analysis of data, resulting in timely and accurate insights.
  • Speed and agility.

    By utilising cloud computing, businesses can boost their productivity and efficiency, leading to faster product development, innovation, responsiveness to customer demands, and time-to-market. These attributes can have a favourable impact on sales and revenue.
  • Sustainability.

    Cloud computing is a viable long-term solution for numerous businesses as it offers low upfront cost, scalability, security, and overall usefulness.

The Future is Cloud, Prepare Accordingly

To take full advantage of cloud computing, a company needs to evaluate which services best match its needs. Here are a few tips to help formulate a cloud strategy:

Avoid missing out on opportunities. Businesses may be enticed to transition certain operations to the cloud due to “fear of missing out” (FOMO) without fully exploring the benefits. The implementation of cloud computing services is only advantageous if they assist the organisation in achieving its goals.

Efficiently manage installations across multiple clouds. When planning cloud adoption, multi-cloud deployments should be taken into account. According to Gartner, the best approach is to choose a primary cloud provider and then add extra providers in a controlled manner to meet specific business requirements.

Build resilience to recover from setbacks. The use of distributed cloud services ensures uninterrupted access to your services for customers, even during server or provider issues.

Enhance your skillset. Given the difficulties of hiring IT professionals, developing an internal workforce could be a wise option. Assess the interest of current IT personnel in expanding their understanding of cloud deployment. Nonetheless, it’s crucial to consider external candidates as well. A talented programmer may already be working in your marketing or HR team.

What’s Next for Cloud Technology?

Although cloud computing has enormous potential for growth, emerging technologies are redefining the limitations of computing. Below are some examples of these pioneering techniques.

  • Decentralized nature of cloud.

    Cloud computing necessitates distributing data storage and processing across several remote computers to create redundancies. This ensures that services remain functional in the event of server failure.
  • Local data processing.

    For specific computer scenarios, it may be more beneficial to store data locally as opposed to remotely. For instance, a business may need to pre-process the data it collects from its Internet of Things (IoT) devices before uploading it to the cloud. A practical example would be the use of security camera footage that only saves images showing movement. This is known as edge computing.
  • Mixed-type cloud.

    Hybrid cloud computing aims to combine the benefits of public and private cloud computing into a cohesive, efficient service. This is helpful for businesses that have different use cases involving data, such as customer and product information, each with its own access and governance needs.
  • No server required.

    Software developers may create server-less applications using serverless development. Although the servers are still necessary, they are handled independently from the secure, on-demand coding environment.
  • Digital processing in the clouds.

    In short, what’s beyond the cloud? The sky! Multi-cloud computing is already available, which involves using multiple cloud storage and development services. This approach provides enhanced flexibility and scalability.

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