Cloud computing has been the foundation of supply chains and global remote workforces throughout the Covid-19 pandemic. With businesses advancing much faster along their digital transformation journeys, enterprises are looking for ways to increase agility, business continuity, cost efficiency, and scalability. In the new normal, cloud computing technology will be at the centre of every strategy to achieve these goals.
No one could have predicted the global pandemic or its impact. However, IT and market trends are less volatile and easier to predict. After looking at usage patterns and behaviour trends, here are some predictions on how cloud technology will impact the future.
Data generation is at an all-time high today, growing with each passing day. Such a large volume of data is hard to store securely. Most enterprises are still using physical data centres to store business and customer data securely.
With more businesses adopting cloud infrastructure, cloud server providers predict to offer more cloud-based data centres at reduced prices. There are many cloud service players in the market today, so prices will be competitive, benefiting businesses. This development will mean seamless data storing without the requirement for too much physical space.
The quality and experience of using the internet can be enhanced using IoT (internet of things). Data stored is possible in the cloud for referencing later, in-depth analysis and enhanced performance using cloud computing and IoT. Enterprises and customers expect applications and services that load fast and offer high quality. The network thus provided will have faster download and upload speeds.
Individual programs are seeing a regular increase in complexity and size; this will eventually lead to cloud computing technology needing advanced system thinking. Currently, most system software requires high levels of modification, meaning that even the cloud computing solutions enterprises use require high levels of modification in terms of functionalities and security. This new software needs to be more flexible and user-friendly.
Software development can be looked at from various perspectives and angles because future applications will be stored in locations other than the cloud. This could be different modules and cloud service servers. This is also an effective method of reducing software and storage costs. It means these software solutions will be much faster, more agile and thus save time and operational expenditure in the long run.
IoT (internet of things) technology is another leading technology of this decade. It is constantly evolving with innovations in cloud computing and real-time data analytics. Many processes like M2M communication and data sharing occur simultaneously. All this can be managed easily with cloud computing.
The cloud computing market exceeded a valuation of $127.5 billion after 2018, growing by 22.8%. Additionally, 30% of all spending for applications will be for SaaS (software as a service) based apps. 62% of all enterprise CRM software will also be based on cloud servers.
Cloud computing offers services in many ways. The leading ones are:
These services play a crucial role in achieving business goals. Many researchers and reports have confirmed that cloud computing will be a leading technology where SaaS solutions will make up over 60% of the workload in the near future.
Data that is stored in cloud servers today is secure, but not entirely. Smaller cloud service providers might not provide or understand all the measures necessary for proper data security. Future cloud services will offer better cybersecurity measures and enforce better safety practices to prevent cyberattacks. This will mean enterprises can focus on more impactful tasks rather than worrying about data security and alternative data storage methods.
If cloud computing continues evolving at the same pace or faster, it will reduce the requirement for hardware. Most operations and business processes will be carried out using virtualisation, cloud computing and VMs. This development will significantly reduce the costs of setting up the physical infrastructure and the expense of software setups, leading to decreased utility in hardware. Additionally, if cloud computing continues to evolve, data analysis and interpretation will become automated entirely and virtualised, meaning human intervention will not be imperative.
As cloud computing technology gains more prominence across global industries, enterprises and stakeholders are preparing to make the first move. Make sure your business is also ready for this change.
Praveen is a seasoned IT Solutions Leader and Director at RSK Business Solutions, a technology-driven IT Consulting Company that specializes in Bespoke Software Development, Agile Consulting, Mobile App Development, Smart Sourcing, and much more. For the last 17 years, he has been delivering quality custom IT solutions that help businesses achieve their goals.