Cloud computing has emerged as a game-changing business management solution over the past decade. Globally, enterprise cloud suite revenue has grown to over 380% since 2010, to reach a $370 billion valuation by 2020. Studies have also found that more than 50% of enterprise data is currently stored on the cloud because of its manifold benefits over local storage.
There is no arguing that the enterprise cloud is an efficient storage solution and caters to the varied demands of innovation and data collection across industries. Cloud computing also allows businesses to leverage all forms of data generated, facilitating a unique form of a service-oriented solution that was never attained before. As organizations look to expand and diversify their business models and processes, enterprise cloud helps them to pursue their approaches without compromising on flexibility.
Top Enterprise Cloud Suite Trends to Look Out For
As the world is shifting to a hybrid work culture that fuses the typical office lifestyle with remote working, enterprise cloud has taken the center stage once again. By facilitating businesses to merge running organizational processes with innovative cloud technologies, cloud computing has become an essential business management solution to drive success in 2021 and beyond. Here are some of the top enterprise cloud suite trends that you need to watch out for moving forward.
1. The Need for Sustainability
Reports from top technology firms say that around 80% of cloud consumers cite sustainability as the most pivotal issue that needs to be addressed in the near future. It is also seen that social, environmental, and governance performances are key to gaining high margins for businesses with lower instability. With efficient cloud services, enterprises can lower energy wastage and reduce their energy consumption by around 65%. An infinite cloud platform like InfinCE can enhance business productivity, transparency, flexibility, and scalability, all through a single platform.
2. Edge Computing
Edge computing can be termed as one of the most disruptive cloud computing trends, which is bound to dominate the space soon. It is aimed at creating localized data centers instead of relying on centralized resources to fulfill the computation and storage demands of the company. With its ability to provide better processing power and speed, edge computing can solve the pertinent issues in bandwidth, latency, and security.
3. Cloud Automation
Automation is the need of the hour for many enterprises. With Artificial Intelligence, Machine Learning, and Robotic Process Automation coming to the fore lately, cloud providers are also exploring different technologies to facilitate automation to simplify how private, public, and hybrid cloud environments are managed. This can further expand to time and cost savings for the company, which can be invested in other profit-oriented areas.
4. Multi-Cloud Strategies
As more and more organizations are making the move from on-premises solutions to cloud deployments, many have taken a multi-cloud approach to ease the workloads on the cloud. Providers are looking to furnish the unique needs for different processes per organization with tailored cloud capabilities. With more cloud-native applications being developed, it is important to realize the cloud needs and integrate changing workloads to make the most of the technology.
5. Hybrid Cloud Approach
A hybrid cloud strategy allows businesses to leverage the power of both public and private clouds. This allows you to scale the resources on your terms as required, providing innovative and flexible cloud services without having to compromise on cost-efficiency or disruption of the current processes and regulatory compliance. At present, around 87% of organizations have already adopted a hybrid cloud approach to meet the varied needs of their enterprise.
6. Cloud Spending
Cloud expenditure for enterprises has risen from around $6,500 per month in 2011 to nearly $10,000 per month in 2020. The annual cloud budget for many organizations spans from $2.4 million to $12 million currently, thanks to developments in technologies like Artificial Intelligence, the Internet of Things, and Container-as-a-Service. Cloud providers have come up with cost-efficient enterprise cloud suite solutions that can help to further streamline expenses on cloud services.
7. Cloud Security
Cybersecurity has been a growing concern over the past few years, with cybercrime rates growing to a shocking 630% between January and April last year alone. As cyber criminals look for new vulnerabilities to exploit in today’s remote-friendly workplace, migrating to an enterprise cloud suite like InfinCE can be the right solution to thwart cyberattacks and keep the business afloat. However, as some executives are skeptical about the security and compliance risks of moving to the cloud, providers are looking for proactive approaches to bridge the gap efficiently.
8. Cloud as a Service
Integrating cloud use into the service models can help organizations to provide new services and applications. With different “as a service” models, companies can keep up with the changing customer demands and cater to their needs to drive better revenue. This can range from Platform as a Service (PaaS) and Software as a Service (SaaS) to Disaster Relief as a Service (DRaaS), Workstation as a Service (WaaS), and Infrastructure as a Service (IaaS).
9. Cloud Partnerships
The rates of cloud adoption rose significantly in 2020, no thanks to the COVID-19 pandemic. Nonetheless, as businesses rigorously migrated their running processes and workloads to the cloud, it also created opportunities for strategic partnerships to further fortify the capabilities of cloud vendors. This can be a defining approach to build on novel cloud solutions to accommodate the various requirements of the organization.
10. Cloud Containerization
Cloud containerization is all the rage these days, allowing organizations to pack up their applications and related core dependencies in unified libraries and APIs. This helps businesses to ensure that the cloud-based applications will run faster and reliably in different computing environments. What’s more, as multiple applications can be stored in a single cloud server, it further helps in saving the expenses for hardware and maintenance.
11. Industry-Specific Solutions
The competition between cloud providers is getting steeper, which is why vendors are looking to drive their value proposition by providing tailored cloud services. Industry-optimized cloud solutions can be a lot fruitful for healthcare, finance, and legislation sectors, which have high-value privacy restrictions and stricter regulations. With a custom enterprise cloud suite, businesses in such industries can leverage the full potential of cloud environments for managing their workloads.
Migrate to the Cloud
Enterprise cloud services are prevalent in every industry today, facilitating their push for digital transformation. With its power to redefine the existing business operations with better scalability, security, and reliability, it is evident that cloud computing is here is to stay. The above-mentioned are only a few of the imminent trends in cloud computing, but they are reasons enough to explain how migrating to the cloud can help you to fortify cybersecurity, improve data management, and gain superior accessibility. So wait no more! Sign Up with InfinCE today to drive business growth with the evolving Cloud trends. We make your transition to the cloud seamless and hassle-free. Contact us Now!