Cloud transformation services are changing the business workforce and culture by making virtualization a reality. The pace of cloud adoption was accelerated with the COVID-19 outbreak. According to a study by TechRepublic, ‘’91% of the global IT leaders said that they were forced to adapt and migrate to the cloud in the new normal.’’
A survey by Netgain suggests that 94% of businesses report improving online security after moving to the cloud. Data shows that the cloud is sure to continue bringing significant changes in business and markets.
Here are a few ways cloud will shape the new normal:
Use of Artificial Intelligence (AI): As per a 2020 report by IDC, total spending on AI will grow to $52.2 billion in 2021. Another report by Techjury suggests that by 2025, the global AI market is expected to be almost $60 billion. So why does AI have so many takers among businesses? AI enables organizations to streamline workloads and automate repetitive tasks, thereby creating better processes. It lets businesses manage data more efficiently by monitoring, analyzing, and categorizing data.
Hybrid Workforce: A 2020 Statista survey indicates that by 2025, global digital transformation spending is forecasted to reach 2.8 trillion U.S. dollars. Other reports indicate that by 2023, 75% of global organizations will support a workforce that is fully digital and hybrid by design.
The pandemic has opened up channels to make remote working possible. As we advance, the workforce is expected to become more personalized and integrated.
Multi-Cloud Approach: A study by Cisco shows that cloud data centers will process 94% of workloads in 2021. It was multi cloud adoption that supported the remote workforce during the global pandemic. A Gartner study in 2020 suggests that by 2022, almost 75% of organizations using infrastructure-as-a-service would adopt a multi-cloud strategy.
A multi cloud approach is where organizations use multiple cloud services from multiple providers. Organizations achieve the ability to innovate quickly aided by cloud strategies that pan across the organization’s networking, security, analytics, management, and infrastructure.
Preparing for the future: Considering the adoption rate of the latest technologies, the future holds many possibilities. Cloud is no more an option but a necessity for businesses. Cloud transformation services have emerged more robust than ever before with the pandemic forcing organizations towards cloud adoption.
It reshaped the cloud business and re-defined a remote work culture. According to Forrester reports, public cloud growth revenue might hit $120 billion by the end of 2021 with an increase of 35%.
A 2020 survey by data platform Statista shows that in 2022, spending on digital transformation is projected to reach 1.8 trillion U.S. dollars. By 2025, global digital transformation spending is forecasted to reach 2.8 trillion U.S. dollars. Cloud is at the helm of digital transformation happening at an increased tempo since 2020.
Utilizing cloud transformation services render organizations more agile in responding to changing markets and enhance innovation, thereby making them more resilient.