A look back to cloud computing: Evolution
Many years have passed since we started our first blog article. My first blog post was on the evolution of cloud computing and how it would be a great investment for companies.
It is interesting to look back and see some of the topics we discussed and how accurate our predictions were during this time.
One of the early blogs, choosing the right cloud provider, was written from CIO’s reaching out with multiple questions about cloud computing. Some elements that I mentioned there, such as reputation, flexibility and security are influencing the decision-making process even today.
We also discussed the cost of a move. Early on stakeholders feared the initial investment, not knowing if the cloud investment would be worth it. We discussed how the cloud computing would help any company to lower costs and allow internal resources to work on the core competency of the company’s evolution.
Migrations started slowly until the scare of cloud security was managed and its evolution started to spread. I highlighted the main improvements that cloud computing gave to those fields, such as energy and utility industry, health industry, NGOs, manufacturing industry, aerospace and defense, social networks, marketing, or HR and recruiting.
We should not forget about the federal, international and even state laws that impose responsibilities to both parts: tenants and providers. Regardless of which side your business is on, you have to consider the legal issues, especially those related to the data you collect, store and process. We found even Lawyers can benefit from this technology.
Many other things could be said about cloud computing. But when it comes to technology evolution, there are no doubts. It changes so quickly and businesses are moving in this tech world so fast. Here are the main predictions for the next few years in cloud computing world:
- Enterprise cloud spending will represent 16% compound annual growth between 2016 and 2026;
- Cloud computing is expected to grow from $67B in 2015 to $162B in five years, with an annual growth rate of 19%;
- Public cloud services market will grow by 18% this year;
- By next year, spending on IT-as-a-Service for data centers, services and software will be $547B;
- Total spending on IT infrastructure products for cloud environments will increase with more than 15% this year;
- Platform-as-a-Service implementing is predicted to be the faster-growing field of cloud computing by 2020;
- Microsoft Azure adoption represent 60% of the market penetration of Amazon Web Services;
- By 2020 SaaS-based applications are expected to grow by 18% every year;
- Almost three-quarters of CFOs believe that cloud computing will have the biggest impact on their businesses this year;
- Spending on public cloud computing services in Canada will double by 2020;
- By next year, at least half of IT spending will be cloud-based;
Here we are at the end of another blog. It was exciting to remember my blogging journey. We need to continue to remember cloud computing is moving fast and companies have to keep progressing if they want to stay ahead of the competition.
What do you think about cloud computing and its evolution? In what areas do you predict it will leverage and how long will it take? Share your thought in the comment section below:
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