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The Rise Of Cloud Computing

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There has been quite a flurry with the emergence of Artificial Intelligence and its potential to disrupt the software and the IT industry. Experts have emphasized enough on its ability to do away with lesser-skilled jobs while ensuring that the industry enters into a new era where machines are a step ahead of humans. Another trend that has emerged parallelly, in recent years, is cloud computing that has not only the potential but is already disrupting the industry.

Cloud computing has become a significant aspect of everyday life. This technology has improved the efficiency of our work and personal activities. With its introduction, businesses have experienced convenience, lower costs, and increased efficiency. Cloud computing has been in the market for quite some time but with the onset of the pandemic, its popularity grew from being a disruptive technology to becoming the foundation of many disruptive technologies. Business applications and AI tech tools, and products are no longer hosted on desktops or on laptops. Rather, the users directly access such services from the “cloud” or the layer between technologies that provide software and storage as a service without requiring the knowledge of creating the infrastructure that supports it.

In layman’s language, the cloud allows companies to improve customer experience, increase productivity, and upgrade revenue generation by offering a quicker time to market. So, let’s discuss some key cross-industry global trends driving cloud adaptation:

Digitization

Demand for convenient access to information is disrupting almost all businesses across different industries. Customers now expect a digital interface with enterprises. As a result of connected devices enabled by the Internet of Things, significant opportunities exist for companies. It assists them with being aware of new markets, capturing vast amounts of information, transforming existing products, and keeping their business strategies relevant.

Data Growth

As we continue to digitize and interact with more people, the volume of data grows exponentially. The rise in worldwide data is also reflected within companies, causing data storage capacity constraints on enterprise data centers. Hence, moving to the cloud enables flexibly adding new storage while allowing new computers to process the exponential increase in data volumes.

Artificial Intelligence

The rise of AI has been coined as the 4th Industrial Revolution with an overarching category in computing with a variety of sub-domains. While most of the sub-domains of AI are growing rapidly, Machine Learning seems to be the largest area of investment. It gives computers the ability to learn without being explicitly programmed and is inherently tied to Big Data - most of the algorithms work on the basis of using large amounts of data in a high-performance computing platform to simulate human learning capabilities.

Application Programming Interfaces (APIs)

APIs allow IT systems to be divided into separate domains in order to connect with other IT systems while providing a platform to create new digital offerings by composing solutions - internal or external. Companies with well-thought-out digital strategies recognize the need to be part of the digital ecosystem, allowing it to deliver new customer offerings on their behalf.

Conclusions

There is no doubt that the benefits of switching to a cloud platform are potentially powerful but just like all major business decisions, companies need to understand and carefully select the best fit for their business needs. The Internet 2.0 Conference provides a platform for you and your business to gain insights into the key global trends driving cloud adaptation while exploring the best way to find the right fit for your company’s needs.

pragya

Pragya Kandpal is a member of the Internet 2.0 Conference’s organizing team. The conference, which will take place in 2022, will bring together some of the most influential tech experts and leaders to shine a light on technological breakthroughs, scam and fraud prevention on the internet, and the latest happenings in the realms of artificial intelligence, robotics, 3D printing and augmented reality.