Cloud computing has become a fundamental necessity for businesses in today's high demanding world. It has evolved from a remote data storage provision into a core element of today's digital business powering everything from software development environments to machine learning to hardware control via the Internet of Things (IoT). The rise of the cloud based subscription model for businesses has recently blown up due to the phenomenal reach of cloud computing. These subscription models can be used for a multitude of digital or software controlled hardware capabilities ranging from platforms, infrastructure, data storage and much more.
2017 witnessed a boom in the global public cloud market which grew a staggering 18.5%. Software as a Service (SaaS) revenues alone accounted for $102 billion in the last year. 2018 promises to be even more exciting with Forbes estimating that more than 50% of the entire global IT budget will be spent on the cloud and its subscription packages. Here are the top 5 ways cloud computing could reshape the IT sector in 2018:
Fog Computing/Edge Computing
Fog computing or Edge computing is a new cloud paradigm where the core cloud service is positioned closer to the edge of the network near consumers of the service. This is a change from the traditional way of cloud processors or storage units lying in a centralized data center and users accessing information on a need basis. Fog computing promises greater accuracy and faster retrieval of information especially for users connected by low latency networks. This allows better quality of service and facilitates better analytics of information or data sources. Fog computing would also ideally give more power to IoT enabled ecosystems wherein huge processing power is needed to compute information from the sensors that are transmitting data. If the processing system is closer to the ecosystem, then better insights and control signals can be processed faster leading to better productivity and better service.
Artificial Intelligence as a Service
Consumers want AI in everything from sorting their music playlist to creating tailored shopping lists to automated bill payments and much more. AI and machine learning is no longer an asset that is monopolized by major tech players like Google, Facebook, Microsoft, IBM, etc. Today these companies offer AI capabilities on the cloud as subscriptions to small businesses so that anyone can use AI to streamline their operations and create better experiences for their users. For example, video streaming companies can use Amazon AI powered intelligent video analytics capabilities to provide richer assistive content to users. Enterprises can utilize Google's text and speech analytics AI engines to offer better and automated CRM interactions for their end users. The possibilities are limitless and thanks to a subscription model, businesses do not have to invest in forming large AI teams or supporting infrastructure.
End to End management of digital assets
With many businesses undergoing digital transformation, more key business processes rely on information systems running on the cloud for processing. An end to end Digital Asset Management system makes it possible for key company decision makers to run the company from virtually anywhere on the planet. A centralized dashboard could be used to interact with multiple cloud based systems powering individual business processes. This leads to a holistic management of organizational data with transparency and flexibility.
Autonomous Cloud Security
2017 witnessed the Equifax data breach which was perhaps the most alarming cyber security breach over the past decade. Credit and financial reports of over 143 million US citizens were illegally accessed by hackers. Today almost all corporate and consumer data resides on the cloud and hence it is vital that information systems that handle your data ensure its integrity and security. The solution lies in autonomous security measures wherein manual human intervention is avoided or reduced to a bare minimum. Automation of security audits, protocol and policy implementation will become the de-facto standard for cloud security operations in 2018, thereby ensuring the safety of your company's data.
Multi cloud environments
For businesses, the problem of having to choose between public, private or hybrid cloud management services will soon be irrelevant. In 2018, enterprises will begin to have the flexibility to mix and match multiple cloud environments with top cloud computing vendors having realized the need to be interoperable. No one product excels in everything, but each one excels in something. If Amazon AWS is good for development environments, then Microsoft Azure may be the best for storage scalability. For enterprises, they can avail the best of everything to create the ideal digital core of their business on the cloud. Top cloud players have already formed consortiums and open protocols for interoperability and 2018 will witness these initiatives transform into key benefits for enterprises.
The best way for enterprises to use cloud computing into business value is to partner an established cloud computing service provider like Korcomptenz. With over a decade of expertise in helping organizations with their digital transformation initiatives, Korcomptenz is your destination for leading the next wave of cloud driven digital business value and market competence. Get in touch with us today!