The world of information is getting bigger and bigger and so does the need for cloud computing is felt broadly across various industries and platforms. The ever growing popularity and adoption are due to the fact that cloud computing is efficient, reliable and secure than any other business model. However, the way cloud computing is adopted across different enterprises may vary.
How cloud computing has been adopted worldwide by companies- let us have a look at few statistics that would blow your mind.
· The cloud market valued $148 billion in 2016 and growing exponentially by 25% annually. The spending on cloud services also passed onto cloud infrastructure, software and hardware
· Annual global spend on public Cloud services is predicted to grow at a 19.4% compound annual growth rate to reach $141 billion by 2019.
· 41% of businesses are planning to increase their investment in Cloud technologies, with 51% of big and midsize companies planning to increase spend compared to only 35% of smaller firms.
· Amazon Web Services generated $3.2 billion in revenue in Q3 of 2016 alone – an increase of 55% over the same period in 2015. While Microsoft trail far behind AWS, cloud products are expected to account for 30% of their revenue by 2018.
There is a lot of potentials when it comes to cloud computing. For example, a startup company could adopt cloud strategy in order to avoid mammoth technology infrastructure. Moreover, a multinational company can share the data with employees working globally through cloud computing.
The cloud computing has turned the table upside down on how companies used to work and share data in the past. Moreover, the cloud computing is transforming the world we live, the way we work and how we interact and share.
In this article, we are going to discuss some of the ways cloud computing is changing the way we live or work.
Hassle Free Travelling
The power of cloud computing is nothing less than a blessing for frequent travelers who like to travel by road in groups. In the early days, everyone had to make sure that others were moving with them.
With the development of apps that uses Cloud Computing allows travelers to track each other during the journey. The app helps travelers to check their speed, fuel consumption and send notifications about stops on the way. It also notify fellow travelers about conditions of the road and dangers and selects the best route. All of these features can allow travelers to move safely and reduce the chances of road accidents.
Work from Anywhere
The work from anywhere phenomena has become a norm all over the globe. The old trend of 9 to 5 job is gradually evading from our lives while the arrival of cloud technology has changed it to work from anywhere (home).
With the ease of access to company’s data, files and documents through the cloud, employees can work from anywhere. This approach also reduces the overall expenses of daily day-to-day operations like electricity cost, machine cost and other petty expenses.
Cloud computing has opened an infinite number of opportunities for the people to work from home and build a home business. Remote staffing and virtual teams have taken the place of conventional working at the office, which helps in generating revenues and flexibility along with the increase in productivity.
Small Businesses will grow in Days
The emerging markets developed by small and medium sized organization will influence the cloud on a much bigger scale. Moreover, the cloud will help small and medium enterprises to cut down costs and eliminate the geographical constraints. According to David Dobson, vice president of CA Technologies say that the most enthralling part is that it can occur without building a physical data center at a new location.
For instance, setting up on-site infrastructure to operate the business, companies can avail infrastructure as a service through service providers. This will take no longer than days as compared to the past which took months. It will allow them to have a huge benefit over the slow competition, helping them to pace equally as that of bigger companies.
Accurate IT Forecasting
For several years, IT forecasting was similar to predicting the weather. Standard business IT model, the company technical and IT staff was responsible for predicting the technology needs prior to 5 to 10 years in advance to make necessary purchases and preparations. However, it was not ascertained that the forecast was right or wrong.
With the help of cloud computing, businesses do not need to worry about running out of data storage space. IT forecast is no doubt very important to determine the type of server capacity to support the data, yet is much cost effective to increase the space. The cloud gives you peace of mind in terms of cost and scaling up your data capacity.
Conclusion
The benefits of the cloud are outnumbered, however it is still challenging to deploy it on a bigger scale. No matter, how big the company grows and how big the data they have to manage, there is little to no expense as compared to traditional data storage and data sharing.
