Cloud Computing is the trending technology that is transforming how the entire IT industry is functioning. Earlier, every company that maintained their digital space did by installing physical servers to store their data and employed professionals to take care of all operations and cybersecurity specialists to handle any threats.
Fast forward today, maintaining digital space through physical servers is not only outdated but will seriously deter its performance and will likely fail in times ahead.
Digital transformations are happening at a real-time pace, and across the globe, everyone is trying to shift to online space via the cloud, as that option seems to be more productive and profitable.
What is Cloud Computing?
Cloud computing is a service catered towards offering on-demand storage, computing, databases, networking, analytics, and intelligence to businesses by some companies labeled Cloud Service Providers like Amazon’s AWS, Microsoft’s Azure, Google’s GCP, Alibaba’s Alibaba Cloud, and many more. Gartner forecasts 18.4% growth in Cloud Computing in 2021 to USD 304.9 Billion from $257.5 Billion in 2020. Take up the Cloud Computing Certification and join this Digital transformation journey.
What are the Benefits of Cloud Computing?
The benefits of Cloud Computing are many like:
- a cost-effective solution that follows pay-as-you-go and subscription business model
- offers high availability, reliability, and easier deployment of applications
- easier integration of various services and technologies like AI, ML, Big Data, IoT, and many more
- scale-up or down based on the need
- offers the choice of setting up infrastructure (IaaS), platform (PaaS), or software on top (SaaS)
- cheap storage prices
- speeds up automation
- availability of managed and fully managed services
- on-demand analytics services
- the vendor offers security through cybersecurity professionals
- 24*7 availability of customer support and engineers.
- constant development and many more
Many companies are taking the digital transformation seriously and are embracing Cloud technology to leverage the benefits of new-age technologies like Artificial Intelligence, Machine Learning, Big Data, IoT, etc. The Covid-19 pandemic has aggravated the pace of this transformation as a large chunk of IT companies adopted working from home either temporarily or permanently.
Five Future Trends in Cloud Computing
Artificial Intelligence has quickly risen to the top of trending technologies that have permeated professional and personal lives. The AI industry in 2020 stood at a valuation of $156.5 billion. According to surveys, it will cross $300 billion by 2024 at a CAGR of 17.1% during five years period.
AI is making its way to various business aspects and forms of the IT industry like digital assistants, chatbots, automating redundant tasks aimed to cut down expenses.
Everyone has realized the potential of AI and what it can bring to the table. Coming years will see new use cases for AI in the industry like payroll automation, forecasting budgets, analyzing expense reports, invoices, and many more applications of task-focused AI. With more push and effort towards AI and other associated fields, companies could better focus on innovation instead of manual works. AI is in use across the tiers of businesses. Companies, even with a lower budget, will be able to leverage the benefits of AI. Have a look at the Artificial Intelligence course to help you get up to speed.
Collaboration tools have become the lifeline of communication with our colleagues during work. Pandemic has forced us to shut ourselves inside our homes, and companies are drastically seeing the benefits of adopting Work From Home (WFH) culture. A new type of culture called Hybrid culture is evolving, wherein you can work few days in the office and rest from home. So, every day new work culture is being tried out. But one thing is a must that is Collaboration tools. These tools include video conferencing, screen sharing, chats, etc., in use and will increase over time, as the majority of the IT workforce is shifting to remote working in 2021.
With every new update and increasing AI integrations, these tools are catering to the personalized needs of the team. They focus on solving every little problem they face to optimize their working environment.
EDGE computing is on the rise in recent years. It is a relatively new technology in the distributed computing paradigm that features computation and data storage closer to where data is generated (on the “edge”) rather than processing them by storing them on the cloud far away. EDGE technology is poised to take over once 5G connections and IoT devices roll out. EDGE has various applications like Self-Driving or Autonomous vehicles, facial recognition, IoT devices, and other processes.
Serverless Computing brings the new wave of software developing companies. Before Serverless computing technology from Cloud service providers came into existence, companies used to rely on physical servers to procure, install and maintain these servers to run the software efficiently. With Serverless technology, these companies, with the help of Cloud Service Providers, allow you to focus more on your software by offering you managed or fully managed infrastructure resources to help cut downtime and expenses on maintaining these physical servers themselves.
Domains like Healthcare and Gaming are feverishly investing in Cloud Computing as they reap its benefits. Healthcare and Gaming sector uses Cloud Computing for storing data, access serverless computing, leverage analytics services, and many other use cases. Also, these domains are leveraging modern-day technologies like AI, ML, Big Data, etc., to thrive in this digital transformation.
I have discussed here Five future trends in Cloud Computing that we will witness in the coming days. But trust me, there are far more trends evolving with this technology and are transforming every form of business.