The phrase “data is currency” has become part of the corporate lexicon from Silicon Valley to Stockholm to Sydney. Leveraging your data is tied to the cloud instead of Wall Street, giving you better insight. Our comprehensive guide to the top cloud trends for 2021 is based on the fact that 92% of businesses have already adopted cloud technology.
By 2020, the cloud computing industry is expected to be worth $370 billion after a compound annual growth rate of 388% over the previous decade. When 90% of the world’s data was created between 2011 and 2012, it is inevitable that more storage will be required. By the year 2020, the total amount of data on the planet will be 44 zettabytes (trillions of gigabytes). Currently, a large percentage of corporate data is stored in the cloud, and this percentage is expected to rise to about half by 2020.
There is a lot more to cloud computing than just storing data. Additionally, it serves as a platform for creating new data and utilising it in novel ways. Until recently, service-oriented thinking was thought to be an impossibility. Since specialisation has become more widespread, organisations can focus on their core competencies and business goals without having to sacrifice agility.
In the year 2020, cloud computing will have played a significant role in making remote working solutions more accessible. A combination of old and new cloud technologies has made it possible for organisations to be more agile in these uncertain times. COVID-19 has provided a platform for companies to demonstrate their cloud capabilities as they strive to thrive in this new remote workplace. We can’t achieve sustainable growth without moving to the cloud. Worldwide cloud service spending is expected to grow 18.4% in 2021.
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To gain a competitive edge in the cloud services market, companies must become familiar with the ebb and flow of the market.
As you evaluate your current cloud capabilities and look for new opportunities, consider the following ten reasons.
01. Long-term cloud computing
Organizations are seen by customers as more than just a source of products and services; they are also symbols of values. The way a company treats the environment has a significant impact on its reputation. Consumers are most concerned about sustainability when making a decision about a company, and this is the case for eighty percent of the time. If you create value at the expense of values, you run the risk of alienating a significant portion of your target audience, which will most likely abandon brands that go against their personal ethics.
According to the research, organisations with high environmental, social, and governance performance have lower volatility and higher margins. Forty-four percent of CEOs expect their companies to be net-zero by 2020. As a result, taking advantage of cloud operations will become increasingly important for you in the future.
More than two-thirds of the companies we work with saw a reduction in CO2 emissions and energy consumption as a result of moving their IT infrastructure to the public cloud. If you focus your resources on the most important processes, your server requirements and energy consumption will be greatly reduced.
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As many as 22 million cars could be taken off the road each year thanks to cloud migration! These clouds are only going to become more important in the future
02. Cloud computing is expensive.
A typical small business spent $6,500 on cloud computing in 2011. At that point, it will cost $10,000. As a general rule, the majority of cloud service providers are spending between $2.4M and $12M on cloud services annually.
The fastest-growing cloud services, such as Internet of Things, Container-as-a-Service, and artificial intelligence, support IT professionals’ claim that cloud optimization is the primary focus of their organizations.
Companies are being forced to streamline cloud services and reduce costs as a result of the 30 percent of cloud budgets that are being wasted. However, cloud providers are expected to deliver more cost-effective architectural solutions for third-party optimization tools and services. There are a plethora of solutions available, but you can’t take advantage of them without first developing and strengthening your native optimization capabilities, which should be your primary focus going forward. Optimum performance necessitates establishing a custom baseline based on the requirements of the organization.
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Businesses on average under-budget their cloud requirements by 23%, and this is the most difficult step for most businesses to overcome. As a result, organizations will be able to better plan and manage their budgets and resources.
03. Internet of Things
Cloud computing is currently hampered by the fact that a small number of providers control a large portion of the market share. Their computing and storage capabilities are largely based on the proximity, bandwidth, and resources they have at their disposal. Latency, bandwidth, and security issues are unavoidable with the 127 new Internet of Things (IoT) devices that connect every second. Edge computing is the ideal solution for capitalising on and influencing the future of technological advancements such as artificial intelligence (AI) and robotics (RO).
Edge computing is a new trend in cloud computing that focuses on building compute and storage centres close to where they are needed. As a result of this method, a wide variety of cloud-based applications can be run efficiently. Instead of relying on centralised networks, computers and management are handled locally.
There are less latency issues associated with edge computing because active management and data storage are located closer to the source of a message. In addition, because it stores locally and only connects to the cloud when necessary, it increases bandwidth. Businesses dealing with privacy and compliance issues will benefit from a more secure local data centre if it is up-to-date. The Internet of Things and connected devices are becoming increasingly dependent on edge computing.
04. Cloud computing in the cloud
A multicloud strategy has been adopted by 93 percent of enterprises, despite the fact that most did not switch from on-premises to a multi-vendor deployment in one go. As more and more workloads migrate to the cloud, the cloud is becoming an increasingly important issue in the industry. In order to customise their cloud services, each company deploys or tests an average of 3.4 public and 3.9 private clouds.
Most of these cloud-native applications will be developed by non-cloud providers.
Organizations will gain a better understanding of their cloud needs and the cloud industry if they learn how to develop more clearly. Also important is cloud technology, which is allowing organisations to take advantage of even the tiniest trends by integrating changing workloads and speeding up time to market.
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To reap the benefits of cloud computing, it requires a consistent approach to management and investment. The process of customising cloud solutions to fit your business needs is an ongoing one. While a multi-cloud strategy focusing on risk mitigation and functionality acquisition can greatly improve your cybersecurity posture, this approach alone will not resolve your application portability issue.
05. Cloud computing in a hybrid environment
Regardless of whether the cloud is public or private, a hybrid cloud approach takes advantage of both public and private clouds.
It is possible for businesses to benefit from a well-coordinated, balanced hybrid strategy. Scalability, cost-savings, rapid response time, and regulatory compliance are all still available in the public cloud thanks to its innovative services.
It’s predicted that the hybrid cloud market will grow from $44.6 billion in 2018 to close to $100 billion by 2023. Red Hat Openshift is expected to become more widely used during this time period because it enables the integration of different types of platforms and cloud services. The distinction between public and private clouds will disappear as cloud resources become more ‘dedicated’ and’shared’
06. Cloud computing in the public domain
If you move your business’s most critical functions to the public cloud, you could save as much as 40% on your Total Cost of Ownership (TCO). This number is only going to rise as major public cloud providers like Amazon Web Services (AWS), Microsoft Azure, and Google continue to improve their services and prices.
As the market becomes more competitive, cloud service providers may be forced to use more aggressive tactics to entice customers to use their services exclusively. Businesses would have to compromise on some capabilities if they were to select a service provider that matched the company’s core operations. Customers could be encouraged to stick with public cloud providers by enhancing their current offerings and providing them with more options.
There will be more interaction between businesses and the public cloud as time goes on. Because of this, one in two businesses that have invested more than $1 million into public cloud services have done so because of this opportunity.
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Taking advantage of machine learning and scalability to migrate workloads that support your core services will significantly improve your time to value. Cloud computing adoption is increasing at a rate of 24% per year, according to the industry’s projections.
Service-Oriented
Organizations can easily make use of cloud computing by using it as a service. As a service, the cloud can have a significant impact on your organisation because it provides access, flexibility and a wide range of options. Firms can innovate more quickly and more easily with cloud computing services.
Following the pandemic, we’ve seen an increase in ‘as a service’ offerings as well as some new applications. Businesses will have to adapt to hybrid work environments by 2021 if they want to see an increase in the number of hybrid work environment applications.
Services for providing a platform (PaaS)
Platform as a Service is the name given to this type of service, which includes both hardware and software tools (PaaS). Organizations are increasingly turning to cloud-native features to modernise “old school” applications.
Providers of software that can be accessed via the internet (SaaS)
It is one of the earliest and most successful SaaS offerings in cloud computing. Subscriptions and licencing fees are exchanged for the use of third-party software and services. One of the biggest cloud applications now generates $20 billion in quarterly revenue for software vendors thanks to cloud-based software. This figure is predicted to rise by 32% annually.
Assistance in the aftermath of natural catastrophes is offered as a service (DRaaS)
Organizations’ digital operations have resulted in an increase in downtime costs. The annual cost of cybercrime to businesses is around $13,0 million, while the average cost of IT downtime is $5,600 per minute. Because of the reliance on online access for sales, outages can be disastrous for e-commerce businesses. Organizations are legally responsible for the protection and care of their customers’ data as a result of regulations imposed on them.
Service-oriented architecture (IaaS)
In spite of its existence since the beginning of cloud computing, the full potential of Infrastructure as a Service (IaaS) has yet to be realised. The adoption of cloud computing by businesses has been slowed by a lack of available cloud migration skills. Due to an increase in cloud education and understanding, however, this cloud solution is expected to eventually surpass SaaS in revenue.
Service-Oriented Architecture for Workstations (WaaS)
When an employee is given a company laptop, they have full control over it, but it can only be used for a portion of the work day. On-premises servers, workstations, and software applications are required for the computer to function. Workstation as a Service has exploded in popularity as a result of this limitation (WaaS).
08. Cloud-based protection
Cybercrime increased by 630 percent between January and April 2020 due to new ways of working. When distributing workloads across multiple cloud providers, organisations face a significant governance issue.
Cloud adoption has been hampered by security and compliance risks, which are cited by 65 percent of senior IT executives.
It is essential to take a proactive and aware approach to uncovering and acting on insights across platforms. According to 28 percent of enterprises, security is the most important factor in choosing a cloud service provider. Businesses are becoming more aware of the risks associated with cutting corners on cloud computing, which can make their systems more vulnerable to cybercrime.
09. Cloud-Based Alliances.
Companies were forced to migrate their workloads to the cloud in the wake of the coronavirus, which led to 50% more cloud usage among enterprises. As a result, cloud service providers are increasingly looking to form strategic partnerships to meet the growing demand for their services. Cloud providers are bolstered by these alliances, and new solutions are offered to the ever-changing cloud threats.
Because of the need to accommodate the distance between employees and resources, enterprise solutions will eventually consolidate into one platform in the future. Because of strategic cloud partnerships, major providers’ offerings and capacity to handle large workloads are boosted, thus enhancing their competitive position.
Automated cloud services
Many companies rely on automation to help them manage their public, private, and hybrid cloud environments.
Terraform, a cloud-agnostic tool, enables organisations to build the same infrastructure across multiple platforms securely.
Tools like dashboards may become more common in the future as technologists gain access to all of their disparate cloud services in a centralised location. Such a feature will also aid in the development of machine learning.
In a multicloud or hybrid environment, analytics can help organizations compare the performance of different clouds. If you don’t know how effective they are, your company is more vulnerable to attack. Machine learning can help your company better respond to current and future threats.
11. Dedicated cloud
Because of the increasing number of cloud interactions, businesses are better able to understand what the cloud can do for them. Businesses have been able to outsource the services they cannot manage or develop themselves because of the lack of this expertise in the public cloud. As more and more information becomes available, organisations will increasingly turn to their own private clouds in order to better manage their operations.
In 2020, private cloud services are expected to see little growth because public cloud providers are better equipped to meet the needs of modern organisations. In the future, public and private cloud services will likely become more equilibrate. In this way, the cloud industry will be more democratic because organisations will be guided by their own needs, rather than industrial standards.
12. Agnosticism about the cloud.
In 2020, cloud outages were common. These server problems cause downtime of about two hours. Most companies, 98% of the time, lose more than $100,000 a year due to one hour of downtime per year. According to some estimates, 40 percent of companies lose more than $1 million in just one hour of downtime, excluding any fines, fees or penalties.
The CIO’s scepticism about hybrid cloud adoption is being shifted to preparing for contingencies. Even with the introduction of DraaS, cloud success requires some form of cloud-neutral strategy. This model minimises downtime from long outages and increases ROI. Because of this, IT buyers prefer to work with a service provider that offers a wide range of options.
Containerization is the thirteenth of the twelfth
The introduction of shipping containers in the 1950s sparked a paradigm shift in the global economy. Finally, a standardised method of packaging and transporting unpackaged items was developed. Almost 70 years after the first containerization craze, the cloud has emerged as the preferred location for containerization.
There is a single, lightweight package that contains all of an application’s dependencies and libraries. When an app is distributed and stored in this manner, it will run quickly and reliably across multiple computing environments. To save money on hardware and maintenance, containers can be used to host multiple applications on a single server.
As part of most cloud providers’ consumable services, DevOps can directly deploy container applications on top of the application layer. Security, processing speed, and scalability are all enhanced by the use of standardised configurations for each app.
14. Machine learning
Cloud computing and artificial intelligence are inseparable. Additionally, cloud computing benefits can be realised through the use of AI, which manages data, provides insights and optimises workflows. Artificial Intelligence (AI) is expected to be worth $89 billion by 2025, so organisations that do not embrace this trend risk being left behind.
Cloud services have democratised AI, making it available to businesses that would otherwise be unable to afford it. In the past, it has been extremely difficult to invest money and technical expertise in AI. Companies can reap the benefits of AI without having to fork over a large sum of money in the beginning.
Using cloud computing and artificial intelligence together can help businesses get the most out of both technologies. Since on-site hardware and software are prohibitively expensive when operating in a virtual environment, cloud computing is a cost-effective alternative to this. Through artificial intelligence (AI), the cloud is capable of managing data and gaining insights into information that can be shared with all users.
15th Data Fabrics
Security, optimization, and interpretation services are becoming more interoperable because of cloud adoption. A cloud-based approach to data management means that the term ‘data fabrics’ has been recast from its analytical roots. In a nutshell, a data fabric is a collection of data access points, data types, and data locations.
Ninety percent of businesses will be able to rely on information by the year 2022. APIs allow businesses to break down data silos and streamline data management, access, and security across multiple cloud providers, all at the same time. Organizations can reduce vendor lock-in and improve their operational knowledge by utilizing centralized data management frameworks.
When you put your mind in the clouds
The cloud is here to stay, especially as more and more businesses are adopting cloud services. It’s more than just a competitive advantage to have a storage solution. Security, data management, and data accessibility are some of the advantages of cloud computing.
Cloud services can only be perfected with a willingness to adapt and change. It’s a given that these patterns will become clearer when the cloud is more widely adopted and calibrated. Your company can open doors by keeping track of and unpacking these trends through the use of industry expertise and knowledge. By 2021 and beyond, the global adoption of cloud services is expected to continue to grow.
We’ll keep these trends up to date as the industry evolves, so you’ll never be on your own in the vast and ever-changing digital wilderness. The future of computing lies in the cloud. Get in touch with us as soon as you’re ready to fly.
