Businesses are expected to spend more than $1 trillion on cloud computing infrastructure globally in 2024, marking a first. The need to adopt new platforms and as-a-service offerings, such as artificial intelligence (AI) services, will be one of the main drivers of this.
This is due to the fact that companies are looking beyond cloud migration’s potential for time and cost savings in 2024. It is evident from emerging use cases in all industries that it is frequently essential to become more creative, adaptable, and successful.
There will be major obstacles ahead for a lot of firms, most of which will center on security and data protection concerns.
Nonetheless, boundaries will continue to be broken down by emerging models like federated cloud systems and hybrid clouds, which aim to provide best-of-all-worlds solutions.
Cloud computing will still be a vibrant and exciting source of opportunity and innovation in 2024. Here’s my prediction for the biggest trends in this industry going forward.
Along with all the predicted economic and societal benefits, cloud infrastructure is crucial to making AI accessible to the general public.
Large language models (LLMs), which underpin Chat GPT, are AI models that are trained on enormous volumes of data and need enormous computational resources.
The majority of organizations lack the resources to handle this themselves, but they can still take use of this potent, game-changing technology by using cloud platforms to access AI-as-a-service.
Both Multi-Cloud And Hybrid
It is anticipated that by 2024, the proportion of major enterprises implementing a multi-cloud strategy—that is, purchasing cloud services from multiple providers—will increase from 76% to 85%.
Instantaneous Cloud Architecture
Instead of acting on stale, out-of-date information, firms in 2024 will increasingly attempt to harness real-time data to gain up-to-the-minute insights.
Simultaneously, a growing portion of the data we use will be in the form of streamed content, including video via Zoom or Teams calls, music and movies from Netflix and Spotify, and brand-new entertainment options like cloud gaming.
This implies that cloud users will want more and more data storage that emphasizes quick access, like Flash and solid-state storage devices.
Innovation And Transformation Propelled By The Cloud
Aside from artificial intelligence (AI), embracing cloud computing technology can open doors to a plethora of other revolutionary technologies, like blockchain, quantum computing, and the Internet of Things (IoT). Thanks to cloud computing, organizations can now more simply than ever in 2024 establish quick-win/fail-fast programs to assess the benefits of developing technologies by removing the need to invest directly in architecture and infrastructure.
Cloud Resilience And Security
As we prepare for the changing threat scenario of 2024, three functionalities of cloud computing services—encryption, authentication, and disaster recovery—will become more and more important.
Social engineering assaults are a constant threat to any system that requires human accessibility, and data thefts and breaches are becoming more frequent and severe as hackers create new AI-powered attack methods. This indicates that all cloud providers and users place a high priority on security and resilience.
Resilient Cloud Computing
All of the major cloud service providers have committed to operating at net-zero carbon, not just for their own operations but also to assist clients in lowering their carbon footprints. Microsoft wants to surpass Amazon’s 2040 emission goal of zero emissions by ten years.
They have all declared their goal to source all of the energy needed for their operations from renewable sources, joining Google in doing so. It remains to be seen if they succeed, but in 2024 there will be a significant push for cloud computing that is more environmentally friendly.
Cloud Computing Made Simple
Low-code and no-code solutions are making it possible for non-technical persons to write apps that would have previously required software engineers with formal training.
Similarly, cloud providers are using natural language tools and drag-and-drop interfaces to “democratize” the deployment and management of cloud services and infrastructure, doing away with the need for highly skilled technical personnel.
Cloud Privacy: Cloud privacy is the continuous advancement of technological, legal, and regulatory solutions aimed at assisting organizations in using the cloud while guaranteeing that their clients can rely on complete data protection.
When a company employs a cloud service, data is typically sent to a third party, which is the cloud service provider. In cloud computing, handling the privacy implications of technology will be a key focus through 2024.
Both Pay-As-You-Go and Server less Cloud
Businesses no longer need to run their own servers thanks to the server less cloud computing service paradigm.
In a server less architecture, the business only pays for the resources they actually utilize, as opposed to a normal cloud provider that could charge the business for the number of servers they want to put its infrastructure on.
By removing the need to pay for servers even when they are not in use, this increases efficiency and frees up time for the company to focus on its main operations.
Everywhere There Is Edge Computing
A cloud-related paradigm known as “edge computing” processes data as near to the point of collection as feasible.
This expense is avoided by analyzing the data directly on the device, which also allows for faster user alerts in the event that abnormal data is found. 2024 will see a rise in the amount of applications that can benefit from edge computing due to factors such as enhanced networks like 5G, smaller, more power-efficient CPUs, and more memory-efficient algorithms.