Most of us have heard about the cloud by now and chances are your business is already using some form of cloud computing service. Migrating some or all of your IT to the cloud can save your business money, improve efficiencies, boost agility, and present opportunities for growth and innovation, altogether making your brand a stronger and more effective animal.
According to the latest statistics, by the end of 2019 global expenditure on cloud computing is predicted to have hit an incredible $210 billion. This amounts to a 23.8 percent increase from 2018. Unsurprisingly, the US and China are the biggest spenders when it comes to cloud computing, with outlays of $124.6 billion and $10.5 billion respectively, with us here in the good old UK coming in third with a not-too-modest but satisfyingly round number of $10 billion.
For the uninitiated, there are three broad categories of cloud computing:
Each of these is then provided in one of three types of cloud service:
If your brand has not yet invested in cloud computing, then maybe 2020 is the year to start seriously considering it. With that in mind, let’s take a look at which trends we can expect to see emerge over the coming year.
With spending on and demand for cloud computing services only set to increase over the coming years – the hosting, storage, and computing cloud service market is estimated to be worth $163 billion by 2021 – the need for ever greater capacity and computing power will rise in kind.
Into this space steps quantum computing. Quantum computers perform calculations based on the probability of an object's state before it is measured – instead of just binary 1s or 0s – which means they have the potential to process exponentially more data compared to classical computers. With cloud computing services relying heavily on rapid network systems, any backlogs or slowdowns can mean life or death for a service provider.
With quantum computing, the next generation of cloud computing services will be faster, more reliable, and more effective than ever before.
Two of the biggest advantages with cloud computing is that it’s scalable and decentralised in nature. These two factors make cloud development a natural fit for blockchain’s decentralised ledger technology.
Blockchain uses public ledgers hosted on multiple machines to empower peer-to-peer transactions to take place without the need for a centralised authorising authority – such as a bank. It is this functionality which gives blockchain its much-vaunted security and is changing the way many industries, such as finance and logistics, can carry out their business.
When it comes to cloud computing, blockchain will enable companies to bring servers into the cloud, build custom apps, carry out large scale data analysis, and boost outcomes based on tangible results.
One thing we’ll see in almost every corner of industry in 2020 is the proliferation of generation Z into the global marketplace. If you thought there have been too many “how to market to millennials” type articles over the last couple of years, you haven’t seen anything yet.
Known as “Digital Natives” due to the fact they’ve never known a world without digital technology, this generation of young people will have grown up in a cloud-based world and will be entering the workforce with a pre-existing knowledge and understanding of the technology.
This means that, as a workforce, these people will gravitate towards the most technologically-savvy companies and choose them for their careers. This will force companies to adopt cloud computing – along with other digital technologies – to make their brand attractive to this demographic and give them the tools they need to carry out their roles in the most effective way possible.
One of the biggest trends changing the way we work today is the increase in people working outside of the traditional office environment.
Most workers in the UK have at least some autonomy over what tasks they do (60 percent) and how they work (76 percent) but this obviously varies considerably across occupations. More than half of UK workers (54 percent) work flexibly in some way, with 68 percent of workers stating they would like to work flexibly in a way that is not currently available.
With more and more people working from home and from other locations, cloud computing becomes ever more critical to business success. Cloud computing allows people to take the office with them wherever they go but means that the service providers your company chooses must be able to fulfil your business needs in the most effective way possible. When people are working away from the office, they need to be confident that everything is going to work as intended with an absolute minimum of support required.
So-called because it processes data near the edge of your network where the information is being generated, rather than in a centralised location, edge computing is a great fit for cloud adaptation.
Edge computing’s distributed infrastructure is ideal for brands that require instant access to data and computing power. Edge computing provides lower latency, empowering workers to carry out their roles and meet customer expectations with as little disruption as possible. Aside from the ability to access data rapidly and frequently, edge computing also brings the opportunity for significantly lower costs.
Cloud computing is the future, and, due to the changing nature of the workforce, it’s going to become essential for those brands who want to not only carry out their business in the most effective way possible, but also attract the brightest and best talent into the fold for the long-term health of the organisation.
Stay tuned to markITwrite for more great cloud computing and other technology-based content.