Cloud Computing is more than a buzzword – it’s the great leveller! Irrespective of how big, or small the enterprise, Cloud based services are ubiquitously enjoyed by everyone. Weather you sort logistics, or Engineer AI – Cloud Computing is a service available to everyone (and for good reason).
So what is Cloud Computing? Simply put, Cloud Computing lets anybody using a network of remote servers, to host on the internet, rather than to store, process, and manage data, on a personal computer. This is how companies like Microsoft, Amazon, Google, and IBM are looking to make their billions in the coming years.
The growth of Cloud Computing is exponential – in the words of Sachin Dev Duggal, CEO of Engineer.ai(also known as Builder.ai), a cloud based enterprise, “cloud based services will enhance currently existing industries... such that 9% of the young Indian workforce will be employed in jobs by 2022 (under cloud computing), which do not even exist today”.
The Cloud based market is expected to grow to a $214 billion dollar industry in 2019 (up from $182.4 billion in 2018). It begs to understand this rapidly burgeoning industry at hand, and look at the 5 emerging trends in Cloud Computing.
When scientists started to engineer AI bots, as nothing more than calculating devices, the scepticism was rife over its application – now, Artificial Intelligence is more than just a passing fad, but a way of life.
Quantum computing accrues the same amount of scepticism nowadays. Quantum computers use principles based in quantum mechanics, such as superposition (where a quantum entity is able to exist in multiple states at the same time) to power its hardware.
Quantum computers are remarkably faster than the antiquated PC’s we use now. Such is faster pace of work is complemented seamlessly by cloud computing. Going forward, these two terms would be inexplicably linked with each other forever.
Public Cloud Services
Cloud based services are not exclusive to corporations who merely “sort logistics and engineer AI bots” – the standard ‘layman’ is on to it as well (without being aware of it). General public usage of cloud services is growing 3 times faster than it is for corporates. Basic communication tools like Whatsapp (which is used by nearly 1.5 billion people), uses cloud based services inadvertently.
Combine that with other platforms like Facebook, and Google – cloud computing commands a lion’s share for general public, than otherwise. Jeff Bezos, who’s AWS (Amazon Web Services) happens to be the leading cloud based service currently, said of Public Cloud that it would be “hard to overstate how big of an impact it’s going to have on society over the next 20 years”.
Hybrid Cloud Computing
There are two facets for the emergence of a Hybrid Cloud – an on-premises private cloud, and a third-party, public cloud. This is crucial for spheres, such as education, and app development. The edu-tech market, according to Sachin Duggal, is achieving a Compound Annual Growth Rate of 49% - a Hybrid Cloud will essentially eliminate the need for classrooms and traditional educational tools.
Hybrid Cloud architectures could help better integrate on-premises and cloud operations, for a broader use, in cases of setting cloud services, tools, API’s, and on-premises enterprises.
Paas, Saas, and IaaS
PaaS (Platform as a Service), SaaS (Software as a Service), and IaaS (Infrastructure as a Service) – are virtually contingent to cloud computing, without being intrusive about it. Ubiquitous applications like Dropbox (SaaS), Windows Azure (PaaS), and Amazon Web Services (IaaS), go hand in hand with cloud based services.
The rise of these integrated applications empowers cloud services and infrastructure, to achieve a tonne of previously unimaginable jobs (for example, but not limited to sorting logistics and engineering AI). Between PaaS, SaaS, and IaaS, the cloud based service net will add nearly 125 billion US Dollars to software vendors by 2020.
Of the companies that do not utilize cloud computing right now, 17% will, by the end of 2020. Moreover, this has become a global phenomenon. More and more people, corporations, applications and governments are accessing cloud based services increasingly daily.
This, along with the rise of handheld devices, is setting a precedent for a world, where everything would be linked to every other device – on the go! Seamless interaction between entities will become an increasing reality, no matter where anyone is.
This could bolster the case for multi-currency, multilingual databases, to be accessed almost instantly – eliminating any sense of obstacle and cultural barrier thereof.