The Future of Cloud Computing: Why Businesses Opt For Cloud
Many organizations have already moved their workloads to the cloud. According to recent research, migrations to the public cloud grew to 92% from 89% for the last three years. And now, over 80% of firms with 1000 workers or more are using multiple cloud platforms at a time. By 2024, this percentage is expected to jump up to 90%. Moreover, during the next year, the global market spending on public platforms is going to hit the staggering US$277 billion, which is 73% more than in 2018.
Many companies rushed into cloud computing because it enables them to be agile and competitive in a fast-paced and ever-changing customer landscape. Cloud is a solution to reduce the expenses for maintaining on-prem workloads; it fosters constant improvements by scaling the applications on demand; it aids in streamlining and standardization of security measures.
Hybrid vs. Multicloud Environments
The future of cloud computing is now and businesses have already realized the benefits of using several types of cloud computing because hybrid clouds offer much more flexibility than leveraging solely private or public clouds.
With hybrid infrastructure, companies enjoy the uppermost security of the local resources and the opportunity to scale resources within the public cloud. Moreover, many entities, be it medical institutions, law firms, or financial agencies, can securely share their supersensitive data using hybrid cloud solutions. They can distribute these data to third parties and stay compliant at a time.
When it comes to using two clouds but without distributing data between them, the term of a multicloud environment appears to describe this specific case.
Unlike hybrids, multi-cloud solutions involve the use of many clouds with the difference that they do not need to cooperate. The popularity of this brand-new IT architecture among organizations grows, as it offers access to several service models within a cloud. Gartner predicts that:
There is a misleading opinion that hybrid and multicloud solutions are mutually exclusive alternatives. Hybrid clouds also imply using multiple clouds, but they cannot exist without the interaction within the hybridized clouds. The multicloud approach suggests both variants—using hybrids with interactions and numerous clouds without the need to communicate with each other.
The goal of the emerged solution is to provide advanced security options. Cloud vendors are still bothered by how to avert the threats associated with transferring data between cloud platforms.
The multicloud strategy enables organizations to keep their hypersensitive data protected. As long as several clouds work separately without sharing data or computing resources through a single output as the hybrid approach would do, the businesses can rest assured they are protected.
The Importance of Cloud Computing
While the cloud computing industry is rapidly growing, there are still fans using on-premise IT infrastructure. They will have to keep up with companies who started or already did their cloud migration. If you are among cloud adopters, you will be having a competitive advantage over the other companies. A recent investigation showed that almost 80% of businesses feel they are serious competitors on the market. The opportunities of cloud technology are stunning. Have a look at the advantages below and see for yourself:
Cloud allows companies to use the PAYGO pricing model, meaning that you only buy those resources you currently need to satisfy your customers. Thus you not only save time but a significant amount of money.
The RapidScale report unveils that 94% of surveyed companies achieved improved security after moving to the cloud, while 91% of cloud users saw the easier complying with government regulations. By using information encryption, cloud vendors avert cyber attacks from accessing the client’s data. As an extra security option, the majority of cloud-based services suggest custom security settings to their users.
Switching to the cloud enables organizations and their representatives to access the data anytime from any device. Especially beneficial for business purposes appeared to be a mobile platform, with about 3.5 billion smartphone users worldwide in 2020. With the cloud, you can easily share information with employees and partners who travel, freelancers, or remote workers.
Cloud computing makes cooperation within a company a practical and straightforward process. Colleagues can distribute the information through the cloud faster and securely. Specific cloud solutions even offer co-working spaces to unite people across the entire organization. This fosters a healthy employee engagement in the working process.
Several things can adversely affect a business’s success, such as poor quality control and irregular reporting. With cloud computing solutions, all documents are kept in a single location and standardized format.
When many employees have access to the same data, they can accidentally make errors, leading to data inconsistency and false records. To avert such undesired data updates, you can take advantage of the cloud, allowing for permanently tracking data and alerting any human activity.
In the modern market, even a small downtime can be a detrimental factor for your business. That’s why the ability to recover after any disruption immediately is crucial. Cloud offers almost instant backups of data, meaning you can avoid low-performance issues, revenue losses, and adverse brand image.
If a business doesn’t invest in cloud computing, it is solely responsible for keeping and protecting its hypersensitive data sets locally. And in case of an unforeseen event, a company can lose all of the information. With the cloud, you can mitigate this risk and be sure that your data is securely taken care of on the off-premise servers.
Applications stored and processed in the cloud have the advantage of getting constant updates. This way, cloud users save their IT work resources, costs associated with running updates by themselves. Companies report that using cloud migration gave them the benefit of minimizing the need for IT personnel.
What Is The Future of Cloud Computing: Trends and Predictions
Looking ahead into the future of cloud computing, we’ve picked the industry’s most intriguing trends. Some of them are being successfully implemented, while others have been involved in experiments. Anyway, get to know the top 2020 trends in cloud computing to learn unique opportunities for your business to grow.
Edge Computing and Zero Latency
The evolution of cloud computing is going side by side with the emerged edge computing technology, which, in turn, is followed by the rapid spreading of the Internet of Things (IoT).
Cloud computing refers to centralized storing, processing, and analyzing extensive data sets remotely on third-party servers or data centers, usually using the internet. The location of these data centers is typically far from where the data is created and gathered, resulting in high latency issues.
The edge computing works in a decentralized manner. It allows you to store and process data near or at the “edge” of the data collection source. In short, it puts a part of a program closer to the data source, or the end-customer is. It is a blessing for applications, as they can work in real time with almost zero latency.
In the future of cloud computing, the edge will possibly be a prevalent technology. Think of the real-life examples that are already around us, such as VR goggles, automotive head-up displays, extended reality (XR) apps like BBC Civilisations AR, and more. These revolutionary techs are going to fuel the expansion of edge computing.
High Potential Hiding in Quantum Computing
We don’t have sufficient computational power to overcome issues related to processing massive data volumes in a fast manner. The solution may be quantum computing, which is a relatively new technology in the cloud computing sector.
Quantum computers are based on the fundamentals of quantum physics. It means that quantum computing can handle complex calculations and large data sets in a matter of minutes. It also can encrypt digital communication and aid in boosting cybersecurity.
From the practical point of view, quantum computers can accelerate the development of innovative medications, ML-driven techniques to accurate and rapid diagnoses, financial strategies to streamline processes. For example, companies in the financial industry can leverage quantum computing to make transactions much faster.
Automation Tools to Address Tedious Tasks
Automation tools are aimed to help businesses augment their performance without spending too much work resources. Automation eliminates human errors and optimizes processes to bring the desired outcomes.
For example, engineers modify their websites stored in the cloud before launching. In case there are issues, they can recover a previous version of the site without causing adverse consequences to the sales department or user experience.
After launching the website, it starts generating traffic and hosting your workloads in the cloud resulting in using more data. Therefore, application maintenance becomes cumbersome and eats much time. With automation tools, developers can minimize manual operations while saving much time and effort.
The Internet of Everything (IoE)
The Internet of Things (IoT) is making every device connected to the internet, enabling companies to benefit from this technology and get speed, productivity, flexibility, and big storage for keeping data secure.
Future computing solutions will be underpinned by the newly emerged tech. The Internet of Everything (IoE) is going to connect more than just physical devices, but people, data, processes, and things. This technology will revolutionize the public sector by increasing labor productivity, improving capital cost utilization, reducing operational costs, quick responding to changing customer demand, and much more.
Around three hundred fifty million people are working in the public sector worldwide. The most significant value that IoE technology brings is increasing labor effectiveness and making people’s lives the most comfortable.
The Bottom Line: Smooth Cloud Migration With Innovecs
Cloud computing technology is undergoing a significant shift in making discoveries, servicing end-users better, building mind-blowing products. In this article, you learned the main advantages of hosting IT resources in the cloud and realized why it attracts major global businesses. The main benefits include
- Reduced costs
- Enhanced security
- Improved cooperation
- Quality maintenance
- Instant backups
- Fewer losses
- Software updates
The future of cloud computing unveils for businesses new possibilities. With this in mind, you may also start thinking of safe and smooth cloud migration. The dedicated IT partner is here a key factor to help you implement the trends in cloud computing and match them with your business goals.
The Innovecs team is ready to help you–either you need a consultation, a migration plan or execution of transferring your infrastructure to cloud–we’ve got you covered. A more than 10-year experience in software development allows us to deliver edge products to our customers.