Key Cloud Computing Trends you Need to Know About in 2021
Key Cloud Computing Trends for 2021 and Beyond. In the world of technology, few things have a greater impact than the ubiquitous cloud. Over the last 10 years or so, the cloud services industry has reached around $370 billion in valuation, showing a phenomenal growth of 380%. This hardly comes as a surprise, given the agility, flexibility, and scalability the cloud has lent to businesses far and wide.
And as companies figure out ways to adapt to the new remote work environment induced by the COVID-19 pandemic, cloud solutions are becoming pivotal to the functioning of business processes. During these uncertain times, the cloud appears to be the key to business continuity and organizational growth.
As we move closer to a cloud-based world, businesses seeking to benefit from the technology need to be aware of the trends prevalent in the cloud services industry. We have compiled a list of 4 such trends that we believe will better your understanding of the cloud and help you identify opportunities for growth. So, let’s get started.
Multi-Cloud Breaking Barriers between Cloud Service Providers
We have already seen how business entities are moving from a public-only or a private-only approach towards a hybrid one. But things haven’t stopped here. The coming years are likely to witness organizations building a multi-cloud strategy where they will pool services from different vendors and integrate them under one cloud umbrella customized to their specific requirements.
Given how intricate the cloud computing needs of modern systems are, no single vendor is usually capable of fulfilling them. As a result, a multi-cloud approach is becoming the norm for enterprises that seek to harness the full potential of the cloud.
What does this imply for the cloud services industry? It simply means that the top cloud service providers will have to work in harmony to ensure seamless integration of their services for a market that’s increasingly embracing a hybrid model to fulfill its needs. Multi-cloud systems will blur the limits between various cloud service providers; the latter will need to co-operate in order to deliver a hassle-free cloud solution to their consumer base.
AI Integration for Enhanced Performance
Cloud computing and artificial intelligence (AI) have always gone hand in hand with each other. While the cloud helps enhance the reach of artificial intelligence, the latter powers the cloud by managing data, identifying insights, and streamlining workflow.
So, by pairing the cloud with AI, enterprises can not only be more effective and insight-driven but also acquire the agility and flexibility characteristic of cloud technology. It has been estimated that the value added to the cloud through AI hovers around $15 billion.
Organizations are using AI to optimize workflows and automate repetitive tasks. As the cloud evolves, AI-driven algorithms could act as a major driver in reshaping business processes, resulting in enhanced productivity and efficiency. By monitoring, analyzing, and classifying cloud data, AI could also help businesses gain valuable insights.
Businesses have jumped on the AI bandwagon and are investing heavily in AI-based systems. As per a prediction by IDC, the total expenditure of organizations on AI will reach $52 billion by the end of 2021.
Security in the times of Multi-Cloud and Hybrid Cloud
As companies continue to deploy multi and hybrid cloud to augment operations, they cannot afford to overlook a crucial aspect of the cloud-security. For making the most of a cloud strategy, it’s vital that they ensure robust security across cloud networks, data, and applications.
But this is easier said than done. Organizations eyeing security need to bring in powerful defense systems such as advanced firewalls and DDoS protection. They also need to implement measures for maintaining control over users and systems that have access to resources through the cloud platform. It’s imperative that they establish different security settings for different cloud applications and synchronize security policies across different cloud solution providers.
In addition, these businesses should emphasize training employees in various areas of cloud security. If an employee overlooks security protocols while accessing an IT infrastructure, breaches are bound to happen.
Serverless Computing Gaining Ground
There’s no denying that cloud technology has created a level-playing field for small-and-medium-sized organizations. Today, the latter can leverage serverless computing solutions in order to meet their cloud goals without incurring significant capital investment. As serverless infrastructures scale seamlessly and are based on a ‘pay-as-go-format’, the serverless model allows businesses to have more command over their expenses. They need to pay only for the number of resources their applications have consumed and not for fixed bandwidth.
Several serverless solutions have been introduced in the last couple of years. Technology behemoth Amazon released the first serverless model AWS Lambda in 2014; Microsoft, Google, and IBM followed in its footsteps and came up with their serverless offerings soon after.
Serverless computing has brought in a revolution of sorts in the cloud space. No wonder, the industry is showing exponential growth-it is anticipated to grow by 25% in the next five years.
With the rising prominence of the cloud across the industrial spectrum, it’s clear that the future lies in the cloud. Staying abreast of the trends in this space will allow your business to enhance operational agility, boost cybersecurity, and gain a competitive edge.