We are living in a world led by innovations, technological advancements, and Cloud Computing. Every day, a new technology or innovative idea is being introduced to transform traditional practices and deliver better results. Hence, leveraging modern technologies has become inevitable to succeed in today’s digital landscape.
Cloud computing is one of the most innovative and widely adopted modern technologies that created a huge impact in the corporate world. Over the years, cloud adoption has become extremely popular across diverse sectors and functions. According to an estimate, over 90% of organizations with a 1000+ workforce will be using a multi-platform cloud strategy by 2024. Besides, worldwide public cloud spending has grown from $160 billion in 2018 to $277 billion in 2021. The trend is likely to continue as more companies and startups are moving towards cloud-based solutions to achieve operational efficiency.
In this context, this article explains five different ways cloud computing can shape the future of our lives in the coming years. Let’s explore!
1. A Digital-first Infrastructure
The corporate world is gradually moving towards a digital-first infrastructure where smart devices will communicate with each other. Thanks to the ability of cloud computing to collect, store, interpret and utilize data that allows us to manage digitally-connected systems with a few clicks.
The digital-first infrastructure will be one of the biggest technological developments of the 21st century. It will open the door to leveraging advanced technologies like AI and data analytics in small and mid-sized businesses. For instance, global tech giant Huawei is currently building a vast network of separate clouds called the Industry Cloud. This newly-developed system will establish a digital ecosystem connecting different industry verticals for better results.
Hence, cloud-backed digital infrastructure will transform businesses regardless of their size or industry. Moreover, cloud computing shall evolve ICT into a full-fledged digital production system that will optimize user experiences and result in operational efficiency.
2. Improved Data Management
Data generation is at an all-time high in the current digital era. Securing such a huge amount of data produced by digital solutions every day is a big challenge. It is estimated that data creation and consumption across different platforms increased by over 5000% between 2010 and 2020. Hence, companies not only need to increase their storage space but also have to take robust cybersecurity measures to protect their confidential information from potential security threats.
Nevertheless, cloud computing can help enterprises solve this problem of big data management. Cloud-based applications are increasing data storage capacities without compromising data privacy. Instead of purchasing expensive data storage equipment, companies can now store their data in the cloud at a fraction of the cost.
As a result, coping with rapidly growing volumes of data is not a big deal today. Cloud computing has enabled companies to store this rising tide of data and analyze real-time insights to make data-driven decisions.
3. AI-driven Business Transformation
Before the invention of the iPhone in 2007, sales of PCs were skyrocketing globally. Both companies and individuals were buying the then-available versions of personal computers at expensive prices. However, things changed drastically when Apple launched iPhone in 2007. The introduction of the iPhone brought a tech revolution as people started moving towards a handy digital device called the smartphone. Eventually, the smartphone became the world’s largest computing platform and overtook PCs in 2011.
As we enter the next era of digital transformation, AI-based cloud computing platforms are going to play a big role ahead. Today, the cloud assists AI in the learning process called Training and enable AI to learn quickly and efficiently. Besides, modern smartphones will use always-on intelligence technology assisted by AI-powered cloud computing to ensure fast processing. Some experts even believe that the upcoming super-advanced smartphones will have to benefit from the processing power of the cloud.
4. Internet of Things (IoT)
Another important area of technology where cloud computing is predicted to play a key role is the Internet of Things (IoT). It refers to a digitally connected system of computing devices, processors, machines, sensors, objects, and software. The IoT world looks like a digital village where systems can talk to each other via communication networks.
The Internet of Things (IoT) is gradually taking a new shape amid a seamless transition into the metaverse. The advances in cloud computing coupled with the latest technological advancements have further transformed the IoT. As the number of digitally connected devices increases, we will need a robust cloud infrastructure to handle all these communications without any disruption.
Moreover, the cloud is the best platform to store, process, and analyze the huge amount of data being produced by IoT devices. Advanced cloud platforms can synchronize data management with M2M communication to deliver better results.
What Lies Ahead?
If the ongoing advancements in cloud computing maintained their current pace, we will see a lot more innovations in the coming years. Experts believe that cloud computing will gradually minimize reliance on expensive hardware and encourage businesses to shift to virtual infrastructures.
Similarly, the use of virtual machines (VMs) and cloud-based SaaS solutions will also increase. The introduction of AI-based SaaS systems has already made a huge change in the corporate world. These next-generation solutions are 5 times more efficient than traditional ones and deliver impeccable results.
The most obvious impact of cloud computing will be the elimination of human intervention through automation and virtualization. As a result, companies can reduce their operational costs and make data-driven decisions to achieve their desired corporate goals.