The idea of cloud computing has been around for over 50 years; however, it is only in the last decade that it has evolved from being something service providers suggested to businesses as a new idea to becoming the technology that supports the majority of modern enterprises.
For many businesses, it is no longer just about whether cloud computing is right for them, but how much of the IT infrastructure should be moved to the cloud. The growth of cloud computing among businesses has been rapid in recent years and is only set to carrying on becoming more and more popular as new technologies and systems are developed and rolled out.
Cloud computing is no longer considered a useful tool for businesses, but an integral part of the infrastructure and a way to accomplish business goals and enable growth.
Cloud Computing Basics
Cloud computing is a term referring to the use of the cloud for IT services such as software, systems and resources. A cloud is an IT environment stored remotely, offering remote and scalable IT resources to both individuals and businesses. Cloud computing stores everything on the internet, providing remote access to files, systems and software from anywhere with an internet connection.
Businesses have been embracing cloud technology in recent years, utilising it as an effective way of managing IT systems that are scalable, reliable and accessible.
The Growing Trend
IT executives and business owners no longer need to be convinced that cloud computing is the next dominant technology on the horizon, in recent years it has become an established and well-known method for infrastructure, software and storage. While many people might think cloud computing has hit its peak popularity over the last few years, it is showing no signs of slowing and 2018 is shaping up to be one of its biggest and best years to date.
The cloud computing market was predicted to grow by 21% in 2018 compared to 2018, and now we are more than halfway through the year it is clear to see this prediction is becoming a reality.
Recent advancements in virtualisation technologies, new data protection policies and increasing options for cloud connectivity are all resulting in cloud computing becoming more and more popular by the day. The fastest growing segment of the cloud computing market is cloud system infrastructure services (Infrastructure as a service / IaaS), which is predicted to increase by nearly 36% by the end of 2018.
As more and more businesses are starting to see the benefits and making the move over to the cloud, this number is only set to continue to rise. It is predicted that by 2020, 83% of enterprise workloads will be in the cloud, with 2018 being the year that most cloud service providers will go on a buying spree to strengthen their platforms security.
The greatest concern amongst IT professionals that results in them adopting a cloud computing strategy is security, which is no surprise with the newly introduced General Data Protection Regulations (GDPR) that can see businesses charged with hefty fines in the event of a security breach.
Cloud Computing Industries
While cloud computing is growing in popularity across a range of industries for their IT functions; some industries are adopting the technology as an innovative method of helping them succeed in an ever-changing marketplace. The media industry has had a real boom thanks to cloud technology, allowing audiences to access a range of content in a variety of ways including multi-screen entertainment and on-demand viewing.
Compared with the manufacturing industry which uses the cloud for sales support, logistics and product development. Some industries are less keen on the cloud, seeing it as not secure enough for their business models. Industries that rely on a significant amount of sensitive personal data are a bit slower on the cloud bandwagon, such as the banking and insurance industries, who mainly use cloud computing for administrative functions as opposed to storage.
A recent study from the Cloud Industry Forum shows that the overall adoption rate for business cloud services in the UK was 88% in 2017, and 67% of users expected to increase their adoption of cloud services over the next 12 months. There are many positive reasons for adopting a cloud-based solution for your business, including a competitive edge, reduced costs, improved efficiency and scalability.
Jumping on the cloud computing bandwagon can help your business to update its capabilities to fit with requirements and manage resources around changing workloads. With the expectation that cloud computing will only continue to grow in popularity throughout the rest of 2018 and beyond, there is no better time to introduce a cloud system to your business.
If you’re ready to bolster your security and help your drive growth, then talk to our experts at Cyan Solutions who can show you the benefits of cloud computing for your business.