The Future of Cloud Computing: What are the Impacts for Business?


The Future of Cloud Computing

Business cloud, enterprise cloud, and private cloud computing is the future of IT infrastructure. Its promise is enormous. Cloud computing has and will continue to change how teams work together, how businesses interact with their customers, and how they think about the future of how they work.

Increasingly, IT departments face a choice between investing in costly centralized infrastructure or moving to the cloud. Cloud computing is on the rise because it offers several advantages over traditional infrastructure: faster time to value, lower costs and more flexibility. 

1. Speed & Agility at Scale

Faster release cycles mean that the company can innovate faster and introduce new products, services, and experiences faster. The more creative you are, and the more innovative your products are, the faster your company will grow.

The majority of decision-makers (60%) expect to update code on a weekly or daily basis by 2029, up from 37% today, according to Google’s recent report on the future of cloud computing.

Additionally, 86% of respondents feel it is important for their company to develop and release software quickly.

The industry is seeing a rapid and significant shift towards broad adoption of DevOps practices to ensure rapid development cycles, with many shifting towards agile development methodologies.

As businesses grow, the cloud can also grow with them. With on-demand computing power, there is no longer a need to forecast usage and ringfence critical systems. The cloud also allows businesses to scale down, allowing for cost-savings and improved operational efficiency.

2. Real-time Insights

Big data and data accessibility is a notable benefit of cloud computing. The raw processing power, scalability, and availability it offers allow data scientists to quickly and easily combine and query data from multiple sources.

When combined with technologies such as Artificial Intelligence, Machine learning, and deep learning, businesses can leverage big data and cloud technology to act on inputs and information in real-time to anything from ad personalization to predictive maintenance and proactive security measures.

The New York Times in partnership with Google offers a great example of business cloud adoption. They are working hard to digitize and preserve over 100 years’ worth of articles and photographs.

Once digitized and stored in the cloud the images are then processed by Google’s Cloud Vision API which uses machine learning to identify objects and places allowing reporters to quickly (and economically) find the right images for use in publications. 

3. Cloud Security 

Opinions on cloud security vary widely across the industry, from those citing security as a primary driver towards their adoption of cloud technology to those who see security as the primary barrier to their move to the cloud.

However, the majority of industry experts agree that in a majority of use-cases, cloud-based software solutions are more secure than traditional solutions. The cloud also offers easy updating and deployment, which is perfect for businesses that are always on the move.

4. Business Culture and Innovation

Cloud computing can create enormous value for businesses, but to realize this promise, IT must change as much the way business teams work together. Cloud computing has many benefits over traditional IT, but it’s still not widely adopted in more well-entrenched industries.

That could all change in the next few years, though, as 77% of decision-makers say they will use the cloud for a majority of their needs by 2029. The majority of decision-makers expect cloud computing to become an important driver of revenue growth by 2029

Realizing the promise of cloud computing means making a change in how we work. The shift from on-premises to cloud-based applications requires a change not only in how teams work together but also in how they think about their work.

Adopting cloud-based systems offers the added benefit of enabling employees to work from any device and be productive wherever they are through access to the resources they need from anywhere and any device.

This is especially useful for companies with remote or distributed workers and has helped to usher in the rise of digital nomad culture.

In a Nutshell 

In summary, the benefits offered by cloud computing will be invaluable in increasing businesses ability to react to changes in the market, offer better oversight, improved security and data management, and, perhaps most importantly, enhance employee happiness and productivity by automating the mundane tasks and allowing engineers to do what they do best, solve problems.

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