The fast-paced technological developments are taking the whole world by storm. Every new day brings a new enhancement in the already existing technologies, making them more efficient and powerful than before. And one tech that has witnessed phenomenal growth over the last few years is Cloud Computing.
Since 2010, the global cloud service industry has risen every year to see an exemplary growth of over 380% in 2020 by reaching a valuation of $370 billion in just ten years. 2020 has been a turning point for cloud computing. The onset of the COVID-19 pandemic facilitated the focus on the true capabilities of cloud services.
With people being compelled to stay indoors and work remotely, cloud computing ensured a smooth workflow during those uncertain times. In addition, it allowed organizations to easily share data, combine their existing processes with cloud technologies, and provide greater accessibility and flexibility to their workforce.
Today, almost 92% of organizations are “somewhat” in the cloud globally, and the number is only expected to grow from here. Keeping that in mind, we have compiled a list of the top 3 ways cloud computing is evolving at a rapid pace today. Read on!
1. The Rise of Hybrid Cloud Services
Simply put, hybrid cloud is the brand-new and fast-evolving cloud computing solution that leverages both public and private cloud models. It basically aims to give the best of both worlds to organizations.
Due to the continued rise of cloud computing usage, taking care of sensitive data and private information has become vital for every company today. Therefore, most of them are quickly adopting the hybrid cloud model. In fact, as per a recent report, almost 87% of businesses have already adopted hybrid cloud strategies.
A hybrid cloud computing model provides enterprises with the benefits of the public cloud as well as the security of the on-premise private cloud environment.
An adequately integrated hybrid cloud strategy enables businesses to maintain their scalability and flexibility through public cloud services while also ensuring cost-efficiency and regulatory compliance by leveraging the capabilities of the private cloud.
2. Serverless Cloud Computing
Another way in which cloud technology is changing at a fast pace is through the adoption of serverless cloud computing. While it is a relatively new solution, it is expected to grow with a CAGR of around 25% by 2025.
Serverless architecture provides organizations with secure sandboxes to implement their code. It also minimizes the risks of back-end failures, eliminates the need for developers to operate or manage servers, and gives them the freedom to work on core products and experiment with cloud services.
Another great thing about serverless computing that adds to its appeal is that it incurs costs based only on usage. Meaning, businesses would have to pay only for the exact cloud services they need and are currently using.
This key factor makes serverless computing a wonderful choice for SMEs and startups to achieve a competitive advantage and rapid growth without huge capital investment.
3. Artificial Intelligence (AI) & Augmented Reality (AR)
AI and AR are two of the fastest emerging technologies today. AI powers cloud computing and enhances data management, provides crucial insights, and optimizes workflows. Organizations today are combining Artificial Intelligence with cloud computing to automate tasks and create an efficient and agile business environment.
On the other hand, Augmented Reality is a cloud computing trend used to provide a smart and immersive experience to the user. The AR cloud technology is being used by businesses to unify the physical and digital world and present a rich, immersive experience.
While AR cloud still has a long way to go before it can become mainstream, it is already being used by various tech vendors. For example, Google Lens is one of the most popular applications that leverage AR Cloud. And with the growth of technologies like IoT, 5G, edge AI, etc., we can expect to witness a rise in the usage of AR Cloud in the coming days.
So, these are the top 3 ways cloud technology is changing at a rapid pace today. With the multiple benefits that cloud computing brings to the table and the growing importance of cloud services in business operations, it would be absolutely right to say that cloud is the future of modern organizations!
Understanding the recent and upcoming developments in the technology can enable you to utilize all the resources to the full extent, get a competitive edge, and enhance your business’s data management, scalability, and security.
If you are looking for an IT Cloud Computing Training Organization to help you build the most in-demand skills, then we CloudElite can offer you all the assistance you require to achieve your dreams. So contact us now and let us help you get started with cloud technology today!