April 01, 2023
In a significantly competitive market, it's difficult to maintain the momentum. The data center scenario is changing quickly and being able to adapt to these changes drives business development. Adopting new, innovative technology helps improve organizational productivity, and business continuity. Cloud adoption, on the other hand, is growing at a remarkable speed and as per a study, data analytics and storage in the cloud will soon increase at an unprecedented rate.
As per study, organizations are planning to budget around $1.30 million for cloud spending. In addition, enterprises with more than 1000 employees are budgeting to invest $10 million on cloud computing applications or even more in 2017. Previously, organizations were reluctant to using cloud solutions, but given the unparalleled growth rate, businesses are largely using different cloud models, including private, public and hybrid cloud.
Experts say that by the end of 2018, most organizations will have their data and applications located on on-premise systems. This growth in cloud adoption will continue to increase and IDG predicts puts forth some additional insight to this burgeoning trend.
Cloud apps adoption is all set to increase as already 70% of enterprises have at least one app in the cloud ecosystem and with this, this count will only grow. Cloud technology has become an crucial part of businesses and the future of cloud seems bright as it is predicted that both old and new enterprises will move most of their data to cloud.
Data analytics and data storage are projected to drive cloud adoption in 2017 and years to come. Moreover, the research also predicts that nearly 22% of organizations will be using cloud solutions in mainstream. While most organizations are expecting data analytics will be the key factor of the cloud applications they will be migrating to, many of them have put data management on high priority area for their cloud migration strategy.
28% out of the total spending of organizations will be dedicated to cloud computing. Of the expected rate, 45% is allocated to SaaS and 30% to IaaS and 19% to PaaS. This shows that the cloud sphere will grow dynamically in 2017.
The C-suite have given the control of cloud spends to CIOs, IT architects and IT management. These in-house IT specialists will take the responsibility of managing the overall spending of cloud technology at enterprise level, which was usually done by the C-suite management.
The growing cloud adoption will also increase the demand for enhanced cloud security and vendor lock-ins and this security concern is not be limited to public cloud as private cloud and hybrid cloud users will also face security challenges.