Outlook on Best Strategies for Enterprise Cloud Services
Posted On April 6, 2023
Cloud Computing has become an integral part of many businesses since the pandemic. Gartner estimates that the global spending on desktop as a service will increase to $3.2 billion in 2023 as businesses prefer virtual subscription-based desktop services rather than conventional client computing services. This is visible in our day-to-day lives as well since all data and online interactions are done via cloud computing. The rise of cloud computing providers is also a testament to the same fact.
Cloud-based tools are being used in all domains of businesses like:
- Project Management
- Video Conferencing
- File Sharing
- Knowledge Management
An added advantage of cloud computing is that it reduces burnout rate among people. Especially when used at an enterprise level, all employees show improved productivity and real growth of the business. This is caused mainly due to simplification of the process, reduced need to save files, and time saved. In this section, we explore TruVs’ perspective on some of the key practices for cloud strategies that businesses are employing to promote better and healthy functioning.
Cloud Migration is Trending
According to Google Cloud Brand Pulse Survey 2022, about 41.4% of firms and leaders in IT are planning to increase their investment and promote the usage of cloud-based software in their businesses. This is led by and in turn, will promote a hybrid work model that reduces costs and improves the reach of the business globally.
FinOps Driving Investment
With the increasing demand for cloud computing, businesses are understanding the need to keep a check on the costs and consumption of cloud across the organization. This is where FinOps comes into play. According to IDC, 80% of the organizations will drive investment in FinOps and have them established in their organizations by 2023 to keep a check on the fluctuating cloud model. It is also estimated that to reduce the cost of the cloud management and optimization platforms for their cloud spending, businesses will turn to third-party services to obtain a more logical view to optimize their cloud spending.
Adopting AI is a Must
The adoption of artificial intelligence is steadily growing in organizations, irrespective of size and scale. This is being done to increase operational performance and to support innovation in the organization. AI investments are also seeing a hike due to the increased usage of cloud services within the organization. These investments are also expected to grow over the coming years. Public cloud can be used to further widen the horizon and gain more access to AI capabilities like speech recognition or natural language speech, which have been predicted as the future by many experts.
Embracing Sovereign and Industry Clouds
Since data has become so important and misusing data by businesses has its repercussions, data privacy is critical for businesses to look at. This is where developing a sovereign cloud comes in as a solution. A sovereign cloud is designed to operate upholding the data protection standards of the local governing bodies of that particular country or region. A study done by Capgemini found that 71% of leaders from the US, UK, and Germany will adopt sovereign cloud services to ensure compliance. This will ensure better data protection for businesses as well as for clients
Automated Cloud Optimizes Cost and Saves Time
Time is money and saving time and cost is the primary concern of any business. This is why most business owners and leaders are looking for and prefer cloud services that can help them in reducing costs and increase revenue. The need is for a cloud system where keeping the cost of the infrastructure the same can help in improving services and ultimately revenue. About 40% of businesses and leaders are using automated cloud services that are helping them in completing their workloads after hours and ultimately saving them time without any extra spending. Automated clouds also consistently monitor the environment of the organization to understand the dynamics and help in cost-cutting.
Retraining Cloud Compliance Among Employees
With the increased usage of cloud services in organizations, businesses are either re-training their staff or hiring staff who are more compliant with Cloud Computing. This improves the efficiency of the business by improving the performance of the employees and making the best use of cloud services as well. And cloud computing does improve performance by lowering burnout.
With data being vital for all businesses around the world, it is crucial to keep up with the latest trends that will enhance your business’s productivity while saving your time. Businesses are always on the lookout for innovative technologies and with the advent of cloud services, data sharing, and data privacy have also gained momentum. Adopting the above key practices as part of your organizational cloud computing can bring about rapid productivity improvement.