A CIO role has come a long way. Evolved in to fit a better picture. But the high pressure they have to deliver IT solutions will continue, and that’s the reason why your technological adoption rate has to evolve with you as well. It’s not just about the Tech team anymore, the stakeholders have a say too.
This is where we bring in the Cloud. It’s said that almost half of IT spending will be cloud-based in 2018, reaching 60% of all IT infrastructure and 60-70% of all software, services and technology spending by 2020. That’s a pretty intense picture.
So, what’s the picture like now? Cloud is primarily used for:
If you are a CIO, chances are you already know what’s coming up and are prepared at that front. But are you really, though? Or are you like Jon Snow with the White Walkers? You know something is coming, you are prepared, but some more information can only do you good. Let’s get that information for you ~ this week on the Cloud Front.
So what are the cloud trends that we need to look for?
Subscription based SaaS is here to stay with the 18% growth prediction by 2020. The investment in PaaS will grow to 56% in 2019. And the IaaS market is predicted to reach $72.4 billion worldwide by 2020. Looks promising, right? If we take these growing trends into consideration then it’s but obvious that the cloud solutions in both private and public sector is bound for a phenomenal growth by 2019. It’s about taking advantage of the simplicity and ease of scalability of cloud.
2018 and 2017 proved that a complete transition to Public or Private cloud only resulted in massive confusion. That brings Hybrid Solutions to our threshold. With Hybrid Cloud, companies can transition into cloud at their pace, choosing their balance, adopting just the right solution to harness the efficiency and effectiveness of cloud. It’s not just about public and private, it’s also about multi-vendor systems like AWS, Alibaba, Google, IBM, Oracle and more.
There are regulations that are still in the making, that only means that it’s going to be confusing for a while. But companies moving to cloud or already on cloud need to be aware of these threats. It’s said that IT Professionals and Security Analysts will be well aware of 99% of vulnerabilities. But the regulations compliance is going to be a challenge even for the better informed. Only 12% of the global companies are actually expected to understand the regulations in the first place. It’s expected that 83% of enterprise workloads will be in the cloud by 2020 with 41% on Public Cloud Platforms and 22% on Hybrid Cloud. Imagine the security nightmare.
As the CIO, it’s your job to make sure your solutions get on cloud for high scalability, but also remain secure. This just the tip of the iceberg, but Clod Trends have been pretty stable for the past couple of years. Here’s to hoping they grow but that we can keep up and thrive!Research Source: IDC, Gartner, TechVarsity, Bain & Company, KPMG