There is no denying the fact that companies have embraced the advantages of a cloud infrastructure even more in the current times. While several are operating significant workloads in public clouds, the rest are either operating secure deployments on-premise or contemplating about adopting other forms of cloud computing, like hybrid cloud. Business IT strategies evolve regularly, giving a new direction to enterprise computing.
This is the age of the cloud, and now is the time to make the most of it too! Let’s take a look at how cloud computing is expanding worldwide and transforming enterprise computing.
Now is not the time to store all your eggs in one basket and businesses are well aware of the that. The same applies to cloud infrastructure as well. Diversification through a multi-cloud or hybrid cloud set up is considered fundamental for some enterprises. Hybrid cloud computing provides economies of scale to enterprises.
Due to its advantageous properties, the hybrid cloud market will expand further. Estimations are that it will grow at a CAGR of 17% and attain a market value of $97.7 billion by 2023!
Due to centralized and simple monitoring capabilities, hyper-converged infrastructure is becoming a popular choice for organizations. In comparison to traditional data center systems and public cloud infrastructure, HCI is a cost-effective alternative. According to research and forecasts, the HCI market will grow at a CAGR of 13% between 2019-2024.
The use of AI is applicable for better performance in both your business environment and your data center. AI is taking care of skill shortages that organizations might face along with handling peak periods by distributing workloads in servers.
Moreover, it facilitates data-driven decision making both in data centers and within daily business operations. Self-managed clouds are going to be a part of the foreseeable future with the correct implementation of AI.
As more and more enterprises move their data and workloads to the cloud, the cost of downtime is on the rise. A common area of concern for any organizations of today in using cloud computing is on the security front. Even the slightest downtime means loss of revenue, dip in customers and damage to the brand reputation. Researchers have found the average cost of downtime per minute to be $5,600.
Therefore, the need for implementing a sound disaster recovery strategy is key to a robust IT infrastructure. An all-encompassing DR strategy that covers data protection regulations such as GDPR and HIPAA is now a must for your cloud environment. Predictions are that the DRaaS market will reach $4.5 billion in 2020 with a 15.4 per cent through 2023.
Prepare Your Enterprise For Cloud Computing
In 2020, companies looking to drive growth during COVID have to evaluate and deploy the best cloud computing solutions or be left falling behind. The traditional approach and strategies for enterprise computing are evolving steadily.
Cloud computing provides the safety net to keep up a healthy business environment and thrive through hardships. Openstack based cloud infrastructure is scalable and agile to your changing needs. We at VEXXHOST provide multiple solutions for your cloud infrastructure and organization.
If you are looking to get started on the cloud journey or are interested in making a change to your cloud strategy, consult with us!
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