Cloud services are going places. According to UK Consultant Ovum, businesses that were previously hesitant to adopt cloud services due to security concerns (like financial services), are now singing a different tune with capital markets all set to jump onto the cloud bandwagon.1 Indeed, by 2016 cloud computing will become the bulk of new IT spend, according to Gartner.2
To face this growth in the implementation of cloud across sectors, companies will logically be adopting a number of measures that remain in tune with the increased benefits and risks. These could range from refining adoption strategies, implementing strategic security controls like next generation identity and access management, defining cloud risk management approach and learning lessons from peer companies.
We’ve identified four major trends that businesses need to heed:
1. Growing enterprise adoption of public cloud services
Although public cloud services come with the stigma of reduced security, they are still preferred by developers due to the speed and agility they offer, something that private cloud services are currently unable to live up to.
2. Increase in value services provided by public cloud services
The bottom line for most companies is revenue – and there is a general market expectation for further optimization of pricing due to an increase in cloud service providers. Enterprise customers will continue to demand efficient design, low-cost operations and competitive pricing.
3. Growth of hybrid, heterogeneous cloud services
Some of the key expectations of cloud that companies harbour include consistent identity management, common monitoring, a management platform that provides a single view to control of all cloud environments, and common billing.
Enterprises are gearing up to use multiple cloud technologies spread across multiple deployment environments. Already there is interest in extending existing investment in private cloud/internal virtualization which may transform into public cloud services for on-demand computing during short periods of high computing demands like year-end processing, holiday shopping, etc. This will lead to increase usage of cloud service brokers or cloud management brokers
4. Increased visibility on cloud spending
Analysis of finances, spending and budgeting is essential to enabling an organization’s progress. Detailed information on the ROI for cloud allows organizations to take integral business decisions based on the services they are able to offer, which depends on the effectiveness of technology. Aberdeen’s 2013 report on financial planning in the cloud claims that not only does the implementation of cloud help reduce costs but also it can be implemented in 63% of the time it takes to deploy and on-premise solution.3
Do you think there any other trends that are driving businesses? Do share your views.