Cloud computing has become one of the most used resources in the world.
Learn what upcoming trends can help revolutionize the world.
In today’s digital age, information has become more valuable than gold. New technologies, especially cloud computing, have been on the rise and have become more resourceful and relevant for the business world. Cloud computing is essentially storing, managing, and processing data by using a network of remote servers hosted on the Internet, rather than a local server or a personal computer. In recent years, there have been a lot of cloud computing trends that can potentially change the world that we know. In this new year, here are some of the cloud computing trends that you should watch out for.
Rise in Cloud Solutions
Cloud computing is one the fastest growing industries in recent years. According to a Salesforce study, cloud computing spending is growing at 4.5x the rate of IT spending since 2009 and is expected to grow at better than 6x the rate of IT spending through 2020, showing the world’s interest in the technology and that it’s likely that more cloud-based solutions will continue to be developed and grow.
As cloud-based giants such as Google and Salesforce continue to dominate the market, many PaaS and SaaS companies may be on the rise in the near future. According to a KPMG report, PaaS adaptation is expected to grow to 56% by the year 2020. So, don’t be surprised if you start seeing businesses adopting these solutions to simplify operations.
Growing Cloud Storage and Its Uses
Cloud storage is growing increasingly cheaper each year. While normally in the economics of supply and demand, we see price go down as demand decreases. As more data is available in the world, the lower the demand and cost decreases. The great thing about cloud storage is that though there is still a high demand for the product, the prices are still relatively cheap.
Cloud storage companies use this strategy to build on their market share and accumulate consumers. This is great for customers because cloud storage’s development has opened up many new avenues for us to use it. For example, Google and Amazon are now giving away data storage for crowdsource data, for analysts to analyze big data and AI applications. This can help improve many other industries and technologies.
As cloud storage usage continues to rise, this poses a question – is my data secured? As we upload more personal and confidential information into the cloud, it raises concern if this information is actually safe or not. To be frank, as more and more users continue to use the cloud, many new developments are being created to help keep your information more secure. For example, blockchain technology has the potential to be implemented into cloud technology to drastically improve security.
Blockchain technology is essentially a giant open source digital ledger on which transactions are listed. The open source allows anyone to see every transaction so nobody can lie about where they sent money, meaning that though there is no personal information attached to the blockchain, organizations can still track your transactions if they know your “wallet” address. This can be applied to passwords and cloud documents because it allows businesses to authorize users and devices without the need of a password, removing the human component from the authorization process. This can drastically decrease the potential of a cyber-attack because simple login authorization processes in a centralized system is one of the biggest weaknesses of cyber systems, especially if users have a very weak password.