Emerging trends in cloud computing suggests that it is slowly changing from business buzzword to industry vital solution; technology indicators revealed migration to the cloud as a huge trend in 2015, with researchers anticipating that expenses on cloud services would reach $300 billion by 2016. At the moment, the perceived industry opportunity linked with the cloud has motivated service vendors to invest more as a result of the emerging cloud landscape founded on inferences regarding how space requirements may evolve.
As businesses begin to place more investments on the cloud, it has become fundamental for investors as well as service providers to have a conversant perception of the customer requirements as well as purchasing criteria. Statistics also indicates other Emerging trends in cloud computing as Enterprises simply migrating to the cloud on the basis of characteristics such as sophisticated supply chains, significant valuable digital content, and transformation as well as legacy systems.
Businesses within these sectors or mutual interests form the basis for cloud adoption patterns. Cloud computing is a factor that brings competitive edge for such businesses not only on the basis of cost efficiency, but also the flexibility that allows businesses to pay for only those resources that they use. The power to scale up and down easily, swiftly economizing on resources and quickly responding to market demand, makes cloud computing viable and agile. This article thus focuses on Emerging trends in cloud computing with much focus to stakeholder perceptions.
Views on risks associated with cloud computing are changing
Cloud security has continued to be a major worry for those contemplating of migrating. There have been disagreements of whether indeed cloud offers security or introduces new security challenges. Nevertheless, a huge number of customers have now shifted their opinions on issues surrounding security risks which are igniting a rise in the number of businesses migrating to the cloud. Despite the fact that security of the cloud is still a hot topic for customers. The increased focus by cloud service providers, the insurmountable limitation views have changed.
Cloud customers now believe that several vendors provide improved security as opposed that what their in house applications provide. As cloud service providers continue to give insights to support their security improvements, many customers have now migrated. This scenario can be compared to the days when banking was introduced when people slowly changed from keeping their valuables at home to entrusting them to a bank, similarly, organizations have now gradually migrated their sensitive data to the cloud because of security among other reasons.
Regulatory compliance have contributed to cloud migration
As government bodies continue to impose several regulatory requirements, the management of crucial data mostly on employees and customers, cloud computing has become attractive as they allow businesses to outsource the sophistication of complying with so many regulations. Cloud now offers same benefits as other outsourcing models since the do away with internal resources needed to create standards, deploy solutions and track compliance with current and future regulatory frameworks. Businesses that now opt to migrate their sensitive data to the cloud, hence outsourcing the technicality of constructing in house expertise, now choose vendors who are experienced in enforcing and executing such highly complex and dynamic requirements. Vendors who now specifically focus on this are highly sought by businesses because of the efficiencies gained.
More customers are migrating due to the accessibility features of the cloud
Accessibility is a huge basis for cloud migration. Consumers as well as businesses are trading off other secondary concerns regarding the cloud to obtain a twenty four hour access. The proliferation of powerful and compact mobile devices, ubiquitous and cheap bandwidth and the rising changing business environment are a cause for this anywhere, anytime and anything accessibility of data. The desire for such accessibility is gradually growing and is driving customers to adopting cloud services as well as positive Emerging trends in cloud computing.
Emergence of insurance agencies to protect against losses
Organizations that desire the benefits offered by the cloud but are still afraid of the risks involved, several insurance agencies have now come up to provide insurance services. Despite the fact that policies on cyber risks have been available for several years, cloud insurance services are now available. Organizations aiming at insuring their data outside the very restricted liability which many service level agreements provide are now able to purchase insurance policies enabling organizations which migrate to the cloud protection against the actual costs and losses connected with hostile incidents like security breaches and downtime.
Cloud computing models are adapting more on meeting the needs of customers
For businesses that require some of the fundamental cloud computing benefits but are afraid of the risks, vendors have moved swiftly to realize a hybrid model. The model enables enterprises to instantly migrate a portion of their crucial data to the cloud and enjoy the advantages of public cloud while equally retaining a portion of their information technology assets in house or in a privately owned cloud. Enterprises who are fear the risks of migrating to the cloud now have a cheap, entry level, less risky solution. Enterprises can now scrutinize the hybrid models which can offer a prime combination of capital and operational expenditure with private clouds which operate close to a hundred percent capacity then ends up bursting out into some public cloud with dynamic capacity.
The hybrid model now provides an efficient way to drive growth in enterprises as opposed to eating up their expenditure on operational costs. The hybrid model also enables customers to integrate private cloud, dedicated hosting as well as public cloud in several ways to realize customized solutions. There are also vendors who can now offer hybrid models that allow businesses to connect securely their existing information technology infrastructure to the cloud via VPN gateway.
The initial delivery models have consolidated and adapted to the market.
Within the past years, cloud computing has grown in three unique models: PaaS, IaaS and SaaS. Nevertheless, due to the changing customer needs towards an integrated service within one roof, cloud as a service vendors have now considered having several entry points across various models. Recent vendor services confirm this trend, in a bid to extend their scope into the realm of distinct models of delivery. Prior to the three cloud models consolidate carefully, vendors have focused on satisfying major gaps in cloud computing services.
Cloud databases is still under improvement. Currently there are challenges to migrating sophisticated database operations to the cloud, to some extent, cloud computing has not reached optimum maturity, and most customers prefer database solutions that are integrated within a comprehensive stack as well as other application services.
There is also a rising demand and need for distinct types of data as well as methods of access such as structured query language, non-structured and NoSQL databases within the cloud. As the existing gaps are filled, customers need to get consolidated models of delivery to an integrated stack as a service solution providing and consolidating cloud service vendors to achieve economies of scale.
There is also an indication that these consolidation shall be founded on customers who want to establish and implement applications on top of their information assets. The moment business migrate all their data to a single point, obviously they will want to take maximum advantage of it such as employees having access to SaaS. This move shall greatly result in consolidation among service vendors which then aids in realizing economies of scale due to centralized storage, then doing the same to applications that rely on the data.
Concerns regarding Lock-in by service providers are slowly subsiding
Service provider lock-in, which ties a business to a specific service provider for the services and product, has for quite a while been a subject of focus for businesses. Nevertheless, the issue might slightly be overhyped with regard to cloud services. Some areas of service provider lock-in, are not large as or poor as the public views it especially now that customers are showing indications of interest in service and data portability between various service providers. Customers now largely consider the pricing and having undisrupted service delivery with less regard to the specific vendor name.
As the cloud continues to evolve as per customer needs, the world is witnessing emergence of a sustainable and viable customer segment which factors in government agencies, small scale enterprises and institutions which further boost the urge to migration. Cloud service providers anticipate emerging geographies to form a basis for the next wave of cloud computing, in which keenness towards standards, policies and privacy concerns are all but shelved on the basis of what cloud services hold for their business growth. It is clear that cloud service evolution forms a major shift in our connection to electronic assets as well as access to crucial data and information.
Accessibility on the promise of anytime, anything, anywhere information access forms a fundamental phase. Anxieties, around service lock-in, privacy and security are also subsiding quite fast, or at some levels recognized as trade-offs for the productiveness required to stay competitive in such a dynamic, unpredictable business environment. Furthermore, the invention of cloud insurance as well as strategies for reducing risks shall be used to provide a competitive edge by many tech savvy and data mindful agencies.
There is also a lot of issues regarding Emerging trends in cloud computing and decisions by businesses to migrate their most sensitive data assets to the cloud, outsourcing the trouble of having to deal with regulatory compliance’s. Conservative business also increasingly require hybrid products that apply private cloud except for extreme spikes situations. If the challenges currently affecting the adoption of cloud services are fixed effectively, its impact has the potential of reaching the magnitude currently witnessed for the internet establishing a transformation for society and technology.