Cloud computing is seen by many as the next surge in the IT industry for companies. It is considered to be the way of the future, both for domestic and international emerging markets. Based on a recent study, it has been predicted by industry experts that more than 50 percent of all information technology will be in the cloud within a span of next few years.
The growing popularity of the cloud can also be witnessed from the fact that 90 percent of companies today are claiming to use cloud computing technology in some form or the other. But what does the future hold for the cloud? And how are emerging markets looking to profit from the cloud technology? Let’s find out.
This great technology-driven revolution has great implications, particularly, for places such as China, Korea, Russia, and India. The abundant supply of information technology abilities at a low cost offers many enticing opportunities to these places, such as building out a robust infrastructure when the cloud demolishes all sorts of expensive technology obstacles.
In addition to reducing operational costs, cloud technologies have also become the basis for radical business innovation and new business models for companies. So countries that are willing to embrace cloud computing technologies will put themselves in a position to exploit these opportunities drastically, leading to increased business productivity and agility.
However, like any other new technology development, cloud computing also creates some unruly possibilities and potential risks, and one such possibility includes the issue of cloud security. But, in order to defy this risk, and build confidence in cloud adoption, attempts are being made to give companies better clarity on levels of security offered by cloud service providers. And as a part of this initiative, the Singapore government has recently launched a cloud security standard, as confirmed by Steve Leonard, Executive Deputy Chairman at Infocomm Development Authority of Singapore.
Coming on the reasons of why cloud adoption is faster in these countries than other emerging markets, the main reason includes price. Cloud computing is an ultimate solution, especially for the above mentioned places because hardware is virtualized, providing users with the flexibility of dedicated servers at much lower costs. Also, as cloud technology advances, it will continue to centralize and streamline, leading to better employee productivity and more efficient use of limited resources.
Lastly, there is no point denying the fact that cloud computing is bringing a surge of technology-driven revolution all over the globe. Cloud hosting providers have many things to consider when determining where to invest infrastructure. However, it would be unwise on their part not to recognize that the transformation is happening everywhere, and that too very quickly.