If someone told you 70 years ago that computers a million times more potent than the current ones would fit in the palm, would you have believed it? Similarly, if you told people from the early 20th century that data storage will advance so much that you wouldn’t even be needing a physical device, would they have believed you? I think the answer to all these questions is negative. This tells so much about the development we have made in the past decade. Machine Learning and cloud computing have evolved immensely, and we see the impact on modern-day businesses.
The storage has become faster, which has made business operations more efficient. Cloud computing can be used in data protection, customer support, traffic management, Android offloading, etc. These applications are used to solve real-world problems efficiently. Since we are pacing towards the complete digitization of things, we must understand customer needs and demands evolution.The changed consumer behavior today is shaping the businesses too.
No business today can survive with traditional work management and archaic strategies. Similarly, several businesses seem “outdated” when cloud computing and machine learning come to play. The effects of efficient cloud computing are starting to appear, and in the coming future, we might see a complete overhaul of the business world. Here are cloud computing trends that are likely to disrupt the business world in the coming years.
Growth of services
When digital platforms introduced cloud storage, the aim was to provide a remote data storage alternative. The idea here was to replace the physical storage devices of consumers with online ones.
However, the idea only kicked off when high-speed internet became common. Today, cloud data storage is much more than a data vault; it provides seamless possibilities. Cloud computing has resulted in the uncontrolled growth of new services taking the market by storm every year.
Cloud computing has learned to take advantage of SaaS, PaaS, and IaaS developments. This has resulted in the evolution of “Function as a service” and “Backend as a service.”
Now, Function or front end is all the media and the information that interacts with the consumer directly. For example, Netflix, YouTube, Slack, etc. However, Backend is the underlying algorithm on a primary service.
So, if you design a query chatbot for a website post your certification on cloud computing, the algorithm or machine learning code you will store on the server would be the Backend. All these new industries are inspired by cloud computing are setting new financial records every year.
The businesses that are thriving in this ecosystem are the ones that adapt to the changing times. So, efficient use of cloud computing has become the need of the hour. The Cloud computing industry has seen no ceiling when it comes to growth. On the other hand, traditional industries may experience some setbacks due to the slow adoption rate.
Enhanced storage capacity
Cloud computing was founded on the cornerstone of data storage issues. Businesses that dealt in the bulk of data needed a universal storage space accessible to all the concerned employees at once. This also helped save storage on their physical devices too. Free space on the device improved the system’s efficiency, and businesses flourished. Creating a common database brought convenience, efficiency, and data handling. .
Anyone with authorized access could share and work on data efficiently. Today, businesses worldwide store up to 600 EB of data on the cloud. Businesses that operate on traditional modules face several data management complexities.
Hence, for a modern business, it is crucial to make effective use of cloud storage and cloud computing.
We must keep an eye on the fact businesses now need to incorporate several dedicated software in their operations to maximize their cloud storage abilities. However, all these facilities will only function if the organizations have sufficient storage space, and data suggests that most businesses have already maximized their cloud storage.
Affordable storage option
Let’s address the elephant in the room. How profitable is cloud storage for businesses? Well, if we look at physical storage options such as hard disk drives, solid-state drives, or full-fledged servers, the cost could run in thousands of dollars. Not to forget, there will have to be a team maintaining the servers to save them from cluttering.
Additionally, the businesses will also have to keep upgrading their units for efficient management. On the contrary, cloud storage and online data management are much cheaper. Your initial cost would be to purchase a certain amount of cloud storage and a database management service via software.
If we add up all the material costs, it would still not match the price of physical storage. Hence, cloud computing and storage are becoming increasingly popular with businesses. Cutting down on operational costs also means maximized profits.
Hence, we are fast approaching a future where we will witness businesses entirely dependent on cloud storage. The pandemic saw a significant surge in work from home culture.
Employees now want to work remotely, and even organizations are promoting remote work culture to save costs on physical management. Therefore, this is an excellent time for the cloud storage industry. With the increase in demand for cloud storage, the prices are set to drop even further. Today, we can only get 1TB of cloud storage for 10 cents.
Internet of Things
Artificial intelligence has evolved by leaps and bounds in the past decade. Several internet-based companies have been trying to improve device connectivity to enhance the user experience.
The idea is to make all the appliances smart so that a consumer can interact with each of them via their phones or tablets. IoT is meant to make all our lives convenient. With the advent of smart devices such as Alexa, Google Nest, etc., users can control many connected devices via their voice.
The companies can use the user data collected via these devices to create better services and products. This will also help understand consumer behavior and plan the market accordingly. Businesses are also trying to implement this technology on a large scale to control manufacturing units via cloud storage.
The only limitation to cloud storage is the requirement of a stable and fast internet. Today’s data is getting bulkier because of the improved quality; hence, this data must move faster for a business to run smoothly. Cloud storage can only replace the physical one entirely by bridging the time gap in accessing data. Hence, people are now expecting to usher in the 5G era.
In places like India, where most operations take place on phones, fast 5G networks would be the key to data globalization. Therefore, several countries have already started testing the 5G networks to replace the already exhausted LTE.
Cloud storage and the cloud computing industry are multiplying. We have seen exponential growth in this sector in the last five years, which also means that this industry is constantly expanding.
Hence, there will be a requirement for skilled professionals who can contribute positively. Are you looking to build a career in cloud storage via UT Austin cloud computing? Well, look no further than Great Learning. This platform can boost your career in the right direction and teach you everything about cloud storage and computing.