In the last few years, cloud computing has drastically changed the way businesses of all sorts and sizes operate. A recent market analysis from Cisco discloses that the entire global Cloud IP traffic is set to quadruple within the next 5 years and is also predicted to show a CAGR growth of 30% till 2020.
Undoubtedly, cloud technology is exponentially growing and attaining more and more acceptance all over the world. We can very well expect to see more businesses migrating and adopting cloud technologies in the near future. Meanwhile, here are a few cloud technology trends one should look out for in 2017.
Continued Cloud Migration
Continued cloud migration is one of the biggest cloud tech trend to look out for in 2017. With the widespread popularity of cloud technology and cloud hosted services/solutions, the last few years have seen an incredible boost in cloud adoption in the cases of both SMBS and the larger, more established organizations as well.
According to a recent report from McKinsey’s Silicon Valley group, Cloud migration rates is set to reach maximum acceleration for both large and small enterprises. According to the same report, in 2015, almost 77% of businesses worldwide, relied on conventional IT infrastructure and this percentage is predicted to drop to 43% by 2018. This concludes that going forward, the trend of cloud migration is only going to keep on growing.
Data Security on the Cloud
Most businesses which are still reluctant to migrate to the cloud, usually do so because of data security concerns. Data security, however, is also one of the major concerns for cloud-based service providers as well. This is why they constantly come up with new and modern data security measures. Data security has somehow become an identifier for reliable and credible cloud hosting service providers.
According to Scott Chasin, CEO, and co-founder of ProtectWise, there no standardized capabilities of cloud data security, however, it does have the potential to transform into something more robust and dynamic in the near future, He also states that, “There’s a growing call for security to be treated as a fundamentally basic utility where safety can be assumed. The cloud is the key to enabling this, with benefits like storage options, scalability, and ease of deployment”.
Increase Usage of Containers
Recently, the cloud computing industry has experienced a rise in the usage of containers to make business operations more efficient and portable. The flexibility of operations and reduced cost is what makes containers so popular nowadays. They are also very efficient in developing and deploying micro-services for cloud hosted applications.
Anand Krishnan, EVP and GM of cloud at Canonical, and the company that brought us Ubuntu states that, “Containers will be used for deploying solutions to solve real-world business problems. Companies will use them to provide new services that are secure, efficient, elastic, and scalable.” This trend is also predicted to be very popular in the future as well.
AI & Machine Learning to become more popular
AI & Machine Learning as technologies are still a long way from becoming full-fledged enterprise level technological solutions/services. The biggest players in the industry, namely Google, Microsoft, Amazon Web Services, and IBM have already launched AI and machine learning based cloud services. Industry experts also suggest that as AI and machine learning becomes more sophisticated with continuous development, it will soon become a norm within the accounting, especially the cloud accounting industry.
Continued growth of Hybrid Cloud
SMBs, on one hand, can easily migrate their entire operational structure over to the cloud with ease. But on the other hand, it’s not financially practical for larger enterprises which have previously invested both time and capital in on-premises IT infrastructure. For such companies, the best course of action is to opt for a hybrid cloud infrastructure, by partially migrating to the cloud and using their on-premises infrastructure as well, for their daily business operations.
A hybrid strategy enables such businesses to get the best benefits of both worlds. They can enjoy the unprecedented scalability, flexibility, and other cloud benefits along with having the more reliable data security of on-premises IT.
Ever since the inception of cloud technology and cloud-based solutions and services, businesses everywhere have leveraged its benefits to gain an edge over its competitors. Nowadays, cloud technology and applications have become a norm in many industry verticals, merely because of its extraordinary flexibility, scalability and cost-friendly nature. With more and more enterprises, both big and small, from many more industry verticals tap into the numerous benefits of cloud technology, cloud adoption rates are thus predicted to increase exponentially in 2017 and in the coming years as well.