With the upsurging Covid pandemic scenario, the future of cloud computing or, to be more precise, the need for cloud computing has come to light. Its significance is growing step by step with new technologies and innovations in the IT sector. At present, the need for remote working cloud computing’s necessity in daily life has grown drastically.
Amazon (Amazon Web Services) and Google (App Engine) are examples of big companies that started using and integrating cloud computing in their work around the year 2006 and 2008. Seeing these giants’ success examples, small businesses should also start integrating cloud computing in their business.
Cloud computing with AWS is a platform provided by Amazon. Amazon generates billions of dollars in net sales and most of it is through e-retail sales and Amazon Web Services.
Revenue by AWS is about $12.7 billion for Quarter 4, 2020 and 45.4 billion in the whole year and whereas for Google it is around $13 billion dollars in 2020. Google still has a long way to go to catch up to Amazon in the cloud revenue segment.
With the efficiency and cost-effective benefits of this technology and keeping remote work in mind, integrating cloud computing is the future for many companies.
With the start of 2020, we saw a drastic shift in businesses adopting new emerging Technologies. Cloud computing is one of the most used tech today. Therefore, to stay up-to-date read about top 10 emerging technologies in 2021.
- Cloud Computing is a service in which a user can work over the internet.
- With lockdown and work-from-home scenarios, cloud computing has seen tremendous growth in its use in the industry.
- Edge Computing is the next step in Cloud Computing. It refers to working with data on local servers.
- Cloud computing has applications in Games, sharing data, remote working, security, etc.
What is Cloud Computing?
Definition of cloud computing – Cloud Computing is a service in which a user can work over the internet. It is the use of already existing apps on the internet to connect people and allow them to work simultaneously over a single document.
It is basically the use of the internet to store, manage, analyze and share data over the internet rather than one’s own personal desktop’s hard disk.
One of the best application examples is Google Docs. In this, you can work or edit over the internet and in real-time, the corrections or work will be saved in a local server over the internet. This can be viewed by multiple people with whom the link of the same document is shared. If user provides editing access, then more than one person can work on the same thing at the same time.
Future of Cloud Computing is very bright with more and more companies adopting it and also the increase in integration of online platforms in businesses due to Covid pandemic.
Since the data is saved over the internet, it can be accessed from anywhere with internet services. This is one of the most significant benefits in providing better quick service to customers.
Cloud Computing Characteristics
No in-depth knowledge is required for making use of Cloud Computing, i.e., “technical know-how”. Hence for small businesses, there is no technological barrier. Also, this service is cost-effective as it enables most things to be stored and managed over the net.
Cloud platform as a service is divided into:
- Software as a Service (SaaS)
- Platform as a Service (PaaS)
- Infrastructure as a Service (IaaS)
Let us understand each of these services in detail.
SaaS – In simple terms it is, allowing people to work simultaneously over the internet on a single application. Microsoft Excel is used extensively by most of the companies as an analysis tool for data storage, as a spreadsheet, etc., is one application of SaaS.
Using excel on google drive helps in reducing the time required by multiple people as they can work simultaneously. Some more example of software as a service are Google sheets, docs, Customer relationship management tools, Email, etc.
PaaS – In this, the user is provided with a Web Development tool, access to programming languages, databases, Microsoft Azure, etc.
IaaS – In IaaS infrastructure as a service, the user is provided with access to servers and machines. The user has to pay a small amount for usage of these facilities, which is way better than the costly option of having their own hardware systems and machines.
With the cost-effective and time efficiency benefits of the above tools, most companies across the globe have already started integrating Cloud Computing in their business.
Cloud Computing Future
The trend of integrating Cloud Computing is going to increase because of the practical reasons of remote working and the effects of the Covid pandemic. Let us look at the future of Cloud Computing and some cloud computing applications:
There is high pressure on servers with an increase in the complexity and amount of data stored on servers. As such, there appears a scenario when there is a lag between processes due to factors like the distance between data stored and data collected from/analyzed at. This lag can result in loss of revenue and trust in customers.
A solution for the above is Edge Computing which is an evolution of Cloud Computing. In Edge Computing, servers and storage are brought as close as possible to the place at which data is analyzed/generated. In simple terms, rather than storing at one central system some thousands of kilometers away, the data is stored at local servers so that the network is closer and the process can be carried faster. This helps in reducing the time and cost expenses involved.
Connecting AI and cloud
Artificial intelligence integration with Cloud Computing will be one of the best ways to make improvements in this service. With AI, work can be carried out comparatively faster.
With AI, businesses can provide better accuracy in work and AI can also look for patterns and suggest corrections. The purpose of AI will be to reduce users’ workload by providing correct suggestions, organizing things, etc.
Some examples of AI integration with Cloud are:
Alexa – This is an AI tech from Amazon which recognises predefined commands and executes them. People can just command this device to set a reminder , buy things online, get information, etc. All this is done with the help of using data stored at Cloud.
Siri – This from Apple works similar to the above example, also both can be set on mobile for convenience.
Chat bots – Another feature you will see on websites that uses AI and Cloud Computing for answering customer queries.
Cloud sharing files, trend will keep going in the future, as it becomes easier for companies to share their data with stakeholders.
Big giant companies can also share this with small companies to act as a guide and encourage innovative ideas.
Cloud sharing will require a place for storing data. One such site is Dropbox, this is where people can store and share links of large files with other people without having to share the actual file.
Traditionally games were saved on a disk and sold to customers to take home, but now the trend is changing. For the most part, with gaming going online, it has become essential for game development companies to invest in the IT sector. Virtual games technology is also picking up.
In servers, companies stores all the games data. Therefore, good IT infrastructure and online storage is a must for such companies. There is a purchasing option available in many games, and as such, if a game is connected to the internet, the data will be definitely saved somewhere over the internet.
With the new normal restrictions, remote working from home is becoming the normal way of working.
It is easier for companies to reduce expenses as infrastructure costs will be zero. Remote working will grow in the IT sector specially with its cost reducing benefits.
People will require files, documentations and other sensitive data even at home to continue working. This is where Cloud Computing will help with providing a way for sharing data and also providing proper security for the shared content.
Cybersecurity is essential for data protection, information comes under the threat of being leaked because of sharing. Therefore cybersecurity jobs are in demand. Learn about the Digital Defense: what is Cybersecurity.
Companies lose the control of data security due to sharing of data. Companies can research and invest in data security software’s so that there are no hacks or data leaks. As such, for now, there are different features in cloud computing apps for giving access to data to others.
Other businesses which require a cloud base for data storage or can use the cloud are Self-driving cars business, cafes, startups, cryptocurrency, IoT, etc.
Volkswagen uses Microsoft’s Cloud Computing services in its self driving cars.
People use Google drive as one of the most commonly used sites for data storage, another is Dropbox an American Company. Netflix stores all its Video content on Cloud and provides its user with access on demand.
Cloud Computing Benefits
It is possible to integrate Cloud Computing in unimaginable places. Cloud Computing has many benefits. Like reduction in expenses, work by multiple people possible on single document, and business continuity in lockdown times.
The IT services revenue graph shows no hint of falling but shows only growth. Forecast for worldwide IT services spending is around $1113 billion US dollars and growing in future. As such there is a huge potential and benefit in investing in this sector. IT services outsourcing is quite beneficial.
Cloud Architect, Data Engineer, Full Stack Engineer, Cloud Software Engineer, Dev Ops Engineer are just some of the career prospect options for going in this field.
The average salary is about INR 6 lakhs according to some reports. This is by least not the highest and with promotions and experience you can earn upto INR 15 lakh to 1 crore.
Some companies that hire Cloud Computing Engineers are Amazon, HP Consultant and Standard Chartered Bank Ltd.
Businesses keep growing and to stay relevant in the market, they need to stay up to date. With the present scenario of online working and social distancing, there is a lot of scope for integrating Cloud Computing by businesses.
There are numerous Cloud Computing advantages. The cost-effective and time reduction benefits are some important things from the perspective of small businesses and Cloud Computing is one such good option for the same.
Frequently Asked Questions
What is cloud computing?
Cloud Computing is a service in which a user can work over the internet. Multiple people can work on the same data with sharing features.
What are the 3 types of cloud computing?
The three types of services are: Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS).
What are the benefits of cloud computing?
Career prospect in Cloud Architect, Data Engineer, Full Stack Engineer, etc. Reduced expenses due to working over internet, multiple people can work on single thing and business continuity in lockdown times.
Who owns the cloud?
It is a collection of many servers owned by Microsoft, Amazon and various other large corporations.
What are the jobs in cloud computing?
Cloud Architect, Data Engineer, Full Stack Engineer, Cloud Software Engineer, Dev Ops Engineer are just some of the career prospects.