Tag: Web-Based Services

Have you ever asked yourself what cloud computing technology will look like in the next decade? Or wondered what are the key trends in cloud computing you should be aware of in 2024? Whether you have asked yourself these questions or not, buckle up for an exciting, insightful, or mind-opening experience in this subject.

In this tutorial, we will answer the above questions easily so you can comprehend and understand. As cloud services and web-based computing advance, individuals and businesses should take advantage of the recent trends in the niche/sector.

Therefore, this tutorial is curated to quench your thirst for knowledge on the recent trends in cloud computing. Before we discuss the 7 top most cloud computing trends, let us explore some interesting statistical facts in 2024 about web-based computing. This will lay a strong background for understanding the key trends we will discuss later in the post.

Cloud remains one of the key trends in the modern technology niches in the technology sector or industry. Its high scalability, flexibility, and efficiency allow many businesses worldwide to adjust to change. In recent years, the entire industry has made amazing progress, which helps companies boost their operations and generate innovation.

In order to broaden our understanding, let’s take a closer look at the following facts.

1. According to an August 2024 market survey report, the total 2023 market size was estimated at 587.78 billion US dollars. In 2024, the size grew to USD 676.29 billion. In addition, it is focused that by 2032, the market size will increase to whooping 2,291 billion dollars. We can take advantage of this market growth to reap big.
2. In 2023, 57% of information technology decision-makers surveyed reported that they had accelerated their migration to the cloud. From this survey, I conclude that in the near future, most organizations, if not all of them, will have adopted cloud services. Therefore, I predict employees who do not upgrade by learning cloud services risk their jobs and future professional growth.
3. As stated by the FOUNDRY research findings in 2024, 70% of organizations and businesses are defaulting to cloud services when upgrading or purchasing any new IT technical capabilities. Additionally, the study indicates that 60% of the survey participants agreed that cloud/web-based service capabilities helped achieve high and sustainable revenues in one year. This can mean that the cloud increases productivity, and everyone should embrace it.
4. Furthermore, the FOUNDRY report indicates that 65% of organizational technology leaders expect their IT budgets and expenditures in the cloud to increase, and 31% plan to keep them steady. Based on the figures, we deduce that there will be more job opportunities in cloud computing as organizations invest more in it than in traditional IT. These trends are expected to increase in 2024.
5. According to “Fact 15 on the integration of Artificial Intelligence (AI) into the cloud”, 65% of all the AI applications worldwide will be hosted in the cloud. This means more than half of the new technology revolutionizing our lives is hosted in the cloud. Therefore, cloud considerations or adoption strategies will be inventible in 2024 and in the future for every business.

Next, let’s explore 7 of the most recent trends that are going to define tomorrow’s cloud generation.

Hybrid clouds are important for organizations because they enable them to combine their on-premise systems with cloud services. This way of doing business simultaneously takes advantage of both settings, optimizing performance and being the most cost-effective.

By adopting higher levels of management and orchestration tools, organizations will be more agile and scalable across their hybrid cloud platforms.

Edge computing today has grown in popularity thanks to its ability to provide the desired response time and reduce latency in business applications. By processing data right in front of where it is produced, edge computing removes the need for data to be sent long distance to servers in the cloud.

It is beneficial for deploying IoT systems because of real-time visibility and action-taking on the edge.

Serverless computing is one of the new and highly embraced advancements in the cloud computing industry. The concept has entirely changed the way programmers develop and deploy applications.

As a result, the model has taken responsibility for provisioning and maintaining backend infrastructure from the programmers so they can concentrate on their coding tasks exclusively. It should be noted that one can acquire and use numerous and readily available serverless platforms in the marketplace. Additionally, these platforms are owned and operated by different cloud service providers (CSPs).

Since different CSPs offer them, it is conclusive that they have different features, prices, focus, limitations, and language support, among others that you may think of. Some examples of the most popular serverless platforms from the most commonly recognized CSPs are;

1. AWS Lambda. It is one of the fully managed cloud services built, provisioned, and managed by Amazon Web Services and offered to customers globally.
2. Azure Functions. This is a readily available event-driven solution for businesses, one among the Microsoft Cloud Services.
3. Google Cloud Functions. It is Google’s primary execution environment. It enables and facilitates connection to cloud services for serverless computing activities, such as building and deploying applications.

You should note that other serverless computing tools exist, such as Netlify Functions, Vercel Functions, and Cloudflare Workers, so the list of examples is not exclusive.

Furthermore, serverless computing tools enable individuals and organizations to save money by utilizing resources more effectively with the pay-as-you-go approach. This revolutionary path is giving rise to new product design and speeding up the launch of digital projects.

Combining AI and ML with cloud services opens the doors to new heights of data analysis and knowledge discovery. Cloud providers provide various AI-driven services, such as computer vision, predictive analytics, and NLP (natural language processing), which help businesses extract helpful information from vast amounts of data. The amalgamation or merger of cloud and AI technologies is the primary driver of innovation in the industry, from healthcare to finance.

In simple terms and using layman’s language, artificial intelligence, popularly known by its acronym AI, refers to the science of making computer systems as intellectually intelligent as humans. Considering AI, human intelligence is simulated in different types of machines by developing and programming them to think like humans and exactly mimic their actions.

In development, machines are given human cognitive abilities such as perception, learning power, reasoning, and natural language understanding. Therefore, in the end, they are capable of doing tasks that could previously be done by humans only. For example, you can use Generative AI to revolutionize your daily work.

To gain more insights on interacting and using GenAI to improve your productivity, read our comprehensive tutorial. What is Generative AI? Everything you need to know in 2024. The tutorial expounds on how we use one of the arguably recent Artificial Intelligence (AI) innovations.

Machine Learning is a branch of Artificial Intelligence. ML focuses on creating and training algorithms using data sets and using them to create models that enable and support machines to perform tasks previously deemed to be performed by humans only.

In other words, the algorithms are trained to analyze and find patterns and relationships in a particular dataset and use them to make data-driven decisions about various topics. To explore machine learning more, read our extensive tutorial – What is Machine Learning? Definition, History, Uses, & More.

Quantum computing is one of the many new paradigms emerging in computing power. It allows for solving problems of excessive complexity at an unprecedented rate. Cloud providers are actively involved in quantum computing research and development by providing access to quantum processors through their platforms.

Although quantum computing is just at the beginning of its development, it has the potential to transform the future of cryptography, materials science, and optimization.

When organizations move critical workloads to the cloud, security and compliance measures become even more crucial. Cloud providers are constantly improving their security offerings, including technologies such as encryption, threat intelligence, and identity management, to ensure data safety and counter cyber threats.

Furthermore, compliance certifications and frameworks are crucial for businesses in regulated industries as they help build trust in cloud services.

Unanticipated disasters can hit a business’s information technology systems anytime, disrupting services. According to a LogicMonitor 2023 Survey Report, 96% of all global information technology (IT) decision-makers and managers have experienced at least one outage in the past three operational years. To me, with only 4% remaining, this implies that downtime is rampant and can happen to any company at any time.

As we all know, downtime in service delivery systems can cause huge losses and even the loss of loyal customers. To avoid this kind of mess, cloud computing comes in and helps in backing up all critical data. In the past, many companies or organizations using traditional IT infrastructures have faced huge losses due to disasters such as in-premise server crushes and cyberattacks.

Today, many businesses and organizations have tapped into cloud computing to back up critical data and business information for quick recovery in natural disasters, hardware failures, data losses, and power outages. According to Otava 2024, 48% of medium-sized companies, 38% of small-sized businesses, and 26% of large companies had adopted cloud computing for data storage, backup, and disaster recovery.

Also, according to Cody Slingerland, 80% of big organizations/businesses use more than one public and private cloud service.

In summary, these statistics signify the future growth of cloud computing for disaster recovery worldwide. In 2024, disaster recovery will increase, with 94 percent of major global companies embracing or acquiring cloud computing for their operations. This is because other companies not in this category will follow suit. Let us prepare for all the opportunities coming with this trend.

While these are only the top 7 trends, other trends exist, and the list is not in any way exhaustive. I have tackled and enlightened you on the top 7 overall cloud computing trends that are most important for any knowledge seeker or industry entrant. Therefore, they cover the general industry trends and what is happening as the cloud computing industry progresses.

Thus, there is online content to do your research for specific trends such as market size, cloud computing expenditure, jobs, and future predictions. As Pythonic Brains, we promise to cover most of the remaining concepts mentioned above in the near future. From here, you can choose which trend to take advantage of and make the most of it.

Additionally, the fast advancement of cloud technology keeps changing the digital field, allowing organizations to innovate, expand, and remain successful in the highly competitive industry and business environment. It goes from hybrid cloud to AI integration using the cloud as a platform for change. With the help of continuous education and acceptance of new trends, individuals, businesses, companies, and organizations can be ready for the future of cloud computing in the dynamic world.