The benefits of cloud computing are diverse and already widely proven: cost savings, greater efficiency, greater agility, growth opportunities and innovation. By analyzing technology trends for the next decade, specifically cloud computing- related trends, it is inevitable that companies will need to embrace the cloud to scale and innovate in the face of competition.
- More than 80 of the enterprise workflows will be in the cloud by 2020, of which 41 will run on public cloud platforms.
- Public cloud services expected to grow by 18 by the end of 2019
- Financial services have made more progress in adopting the cloud beyond basic maturity compared to the insurance and healthcare sector
As the end of 2019 approaches, budgets are being renewed and strategic plans for fiscal 2020 are being implemented. It is worth noting the top 5 Cloud Computing trends and how companies can prepare and invest in specific areas to maximize their ROI for the future.
What are the main cloud computing trends for 2020?
- The rise of quantum computing
As technological advances increase, computing capacity and energy also need to increase to meet demand. Quantum computing will allow computers and servers to process information at fast rates compared to current standards. Because the backbone of cloud computing is based on fast network systems, which are not accumulated in arrears, it will play a key role in increasing computing power and computing efficiency.
The increase in computing capacity due to cloud agility is directly correlated with the adoption and increased use of blockchain transactions.
- All Blockchain
Because cloud computing is decentralized and scalable by nature, blockchain technology is a natural fit when it comes to cloud development. Many Fintechs are already harnessing the power of blockchain, specifically when it comes to cryptocurrency analysis and validation.
Companies can and will continue to use blockchain technology to bring servers to the cloud, build custom applications, do large-scale data analytics, and produce tangible results based on results.
- Increase in digital natives
The workforce continues to evolve, as does the expectations of its workers. By 2020, the number of people entering the labor market would already be well versed in the cloud and its benefits. Called “digital natives”, these workers will probably come together, which will create two distinct groups within companies: those who are familiar with digital best practices and those who are not.
Companies will need to adopt cloud computing and other technological advances to fill the gap and integrate the two working groups into a unified workforce.
- Increased mobility as a global standard
Correlated with the rise of “digital natives,” mobility will become the number one requirement to attract the best talent and retain loyal employees. Workers accustomed to “bring their own device” policies expect this to be the norm, in addition to the ability to work anywhere, anytime. The cloud will continue and will be increasingly used as a facilitator to meet the overall mobility expectations of its employees and customers.
- Edge computing
The main advantage of edge computing is its distributed infrastructure. Companies that require instant access to data and computing power to serve their customers will continue to use and rely on cutting-edge computing to provide dwindy latency and sustainable infrastructure to meet expectations of customers.
Edge computing will also be an important door opener for companies to adopt technologies in the cloud, as it significantly reduces costs and allows for fast and frequent access to data.