Cloud Computing

Is the future cloudy? Predictions in cloud computing for the financial year

The public cloud computing services market is set to rise by 87 per cent from now until 2022 and become a $10.3 billion industry here in Australia.

Confidence in cloud services is rising, with research showing that 43 per cent of Australian organisations plans to increase their spending on cloud infrastructure. Here are the major changes you can expect in cloud computing over the next 12 months.

Infrastructure as a Service (Iaas) to become mainstream

Companies and businesses are already discovering the benefits of Infrastructure as a Service (Iaas), which is where computing resources like hardware, networking, and storage services are outsourced.

There are many services out there that handle the provision of these hardware services so that businesses do not need to purchase, install and maintain expensive data centres.

As more and more businesses adopt this method of outsourcing their IT architecture, IaaS is expected to boom and become a USD $72.4 billion worldwide industry by 2020.

In Australia, the IaaS industry is tipped to almost double from $652 million in 2019 to $1.2 billion in 2022.

Artificial intelligence and machine learning to be key drivers in cloud adoption

While many businesses have moved their operations into the cloud, the latest industry figures show that 58 per cent of businesses have not.

This gap is forecast to close and the adoption rate is already high, with just 31 per cent of businesses using some form of paid cloud computing in 2015-16.

Artificial intelligence and machine learning are tipped to be the big drivers of cloud computing adoption moving forward.

Half of IT professionals surveyed in 2019 believe artificial intelligence and machine learning are playing a role in cloud computing adoption, which is set to rise to 67 per cent by 2020.

Security measures are set to be boosted

A leading concern held by IT professionals is the security of cloud services, with 66 per cent saying it was their greatest concern in adopting enterprise cloud service strategies.

Cloud service providers are boosting their security protocols because of this to ensure that business data, systems and sensitive information do not fall into the hands of cybercriminals.

Cloud Computing – Living on the edge

As more and more devices become connected through the Internet of Things (with 20.4 billion connected devices forecast to be in use worldwide by 2020) there will be a greater strain on cloud networks.

That means edge computing will continue to rise, putting data centres at the edge of the network they are servicing for faster response times.

Data centres that are located further away from devices will continue to provide the heavy lifting in cloud computing, but microdata centres located closer to end-users (on the edge) will be able to process raw data and respond to IoT devices in real-time.

Are you looking to improve or expand your cloud operations? Are you new to cloud computing and don’t know where to start? The team at EMPR can help you develop a cloud strategy that is cost-effective and that will benefit your business.

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