Cloud computing is a rapidly expanding approach to technology that is being adopted by multiple organizations in a bid to fast-track their digital transformation. According to a recent Gartner report, the cloud computing market is predicted to expand by 17.3% (totaling about $206 billion) by the end of 2019. This is a notable increase from the $175.8 billion recorded in 2018. Additionally, up to 90% of all businesses will be utilizing cloud services by 2022.
It is opening new and exciting opportunities for businesses to expand their global outreach and redefine the way they conduct their business. For one, workers and clients are now able to share and store extensive data such as files, pictures, and applications regardless of how sequestered they are. Both established and startup businesses are taking advantage of this ability and are migrating quickly to the cloud.
Let’s briefly look at the top cloud computing trends in 2020.
Multicloud and Hybrid Cloud Solutions
Hybrid cloud, where both private and public cloud solutions are used in tandem, is poised to be the most common business model for upcoming startups. Businesses have come to realize that public cloud is not a suitable solution for all their requirements.
Hybrid cloud models provide a balance between the security of a private setup while still allowing the use of powerful tools developed for public cloud systems.
Additionally, multicloud is predicted to be the subsequent phase in IT development. It provides users with the ability to manage their data, workload, and applications on multiple cloud providers; whether hybrid, private, or public.
This, of course, will be subject to technical requirements. Nevertheless, we predict multicloud strategies to gain much traction in coming weeks.
Backup Operations and Disaster Recovery
According to a 2019 report released by Spiceworks, backup operations and disaster recovery consume 15% of all budget allocations when it comes to cloud-based services.
This figure is expected to rise as backup and recovery are fundamental components of the day-to-day running of any industry in the 21st century.
Over the past two years, serverless computing has gained much popularity in the cloud computing industry, and we predict it will continue to do so.
Serverless computing is a method in which cloud users order a container Platform-as-a Service (PaaS), which is then billed by the cloud supplier. The cloud provider delivers everything from the platform used to manage data, to the tools for application design at a certain fee, minimizing the need for the users to manage their own hardware.
AI will play a significant role in the processing of Big Data. Not only will it be involved in gathering business intelligence data but will also provide a comprehensive analysis of how the business should perform.
AI platforms will also improve the efficiency of data scientists, minimizing costs through task automation, and easing the complexity of expansive labor tasks.
When all is said and done, cloud computing is all about harmonizing the workflow of a business in the most convenient manner. If you’re looking to gear your business the right way, it’s high time you transitioned to cloud computing.