Businesses are adopting the latest technology quickly, but they also realize they don’t have the skills to scale up new technology growth. Only when the IT department is ready to embrace technology changes will they be able absorb the trends and fully utilize the latest technologies. Even small businesses have seen rapid growth, which shows that the right technology can propel any business to greater heights. Cloud Computing, also known as Cloud Computing, is a key technology that is quickly becoming a key to business success.
How does the cloud add value to businesses?
Cloud technology offers many conveniences for businesses, including data storage and shared technology solutions. Cloud technology offers the best in technology at affordable rates and secure access to businesses of all industries and domains. It makes use of shared technologies such as SaaS and PaaS. Cloud Computing is inextricably linked to Software as a Service (SaaS), and it is an integral part the Cloud architecture.
Cloud services can be managed centrally, which is one of their most valuable features. Cloud Computing has taken the’shared experience’ to another level. The client is now able to enjoy total freedom from managing any IT service or software, and still receive significant benefits.
Cloud management can manage everything for businesses, from data to reporting and processing. Cloud Computing gives businesses more freedom to share their software and other relevant data with customers, stakeholders, and team members without having to compromise on security. Cloud Computing reduces capital investment and decreases dependence on a fully-staffed IT department.
Cloud Computing offers many benefits to businesses, including:
Cloud platforms can host a wide variety of applications.
Software licensing is not an investment that you need to make upfront.
There is no need to invest in special hardware like servers.
Allows you to connect to the software and data from anywhere.
Reduced data storage and protection costs
Cloud can help drive sales.
Cloud Computing: The Growth
According to studies, Cloud Computing is expected to be a business standard by 2020. Cloud Computing is expected to grow at 19.4% per year, based on the pace at which businesses adopt this technology. Larry Ellison, Oracle’s CEO, believes that Cloud Computing is more than the future of computing. It is also the present and past of computing.
The US Federal Government is currently saving $5.5 billion each year through cloud computing. More than 80% have already migrated to Cloud and have reported significant improvements in ROI, efficiency, productivity, and overall business performance. Cloud savings have allowed at least 70% of businesses to reinvest funds into their businesses.
Nearly $150 million was spent on Cloud services in 2016. The annual rate of growth is expected continue to rise at 25%. Microsoft confirmed that their Q3 2016 profit increased by 55% compared to Q3 2015. They expect Cloud products will account for 30% of their returns by 2018.
Cloud computing is a growing trend that is being adopted by large and small businesses around the globe.
The Cloud Skills Gap
A recent survey revealed that 54% of businesses have never tried Cloud Computing. Cloud computing professionals are in high demand, with 56% of businesses looking to hire Cloud specialists. It is expected that at least 30% ERPs will migrate towards the cloud by 2018. At least 41% of the remaining 70% are preparing for migration. Cloud Computing is expected to create over 2 million jobs in India alone. Cloud Computing is a rapidly growing industry that requires experts with extensive knowledge.
Cloud Computing offers greater security, lower infrastructure and resource costs, and lower maintenance costs. This makes it attractive to businesses to adopt this emerging technology. However, the Cloud cannot be used extensively unless businesses have the right resources and the certifications to plan and implement groundbreaking technologies. Surveys of 250 IT companies revealed that 55% didn’t possess the necessary digital skills to implement these technologies. Cloud skills are highly sought-after by 35% of them. These Cloud skills are needed by business IT managers, according to the industry.
Cloud Computing is becoming more popular and companies need to plan for the migration process in advance. Cloud migration requires understanding the technology.