Cloud computing - enabler of digital transformation

Today, the business world is driven by technology. Every industry is riding the digital transformation wave. Hence, the most crucial challenge before businesses is to strike a balance between the technology available to them and the technology that is relevant for them. Most of the organizations are moving towards automation, business intelligence, and a lot more. Cloud computing has become a tool being used by many business organizations. It provides a way for businesses to manage their resources online. It allows the business entities to access their information virtually, whereby data can be accessed anytime and anywhere.

Enterprises and SMEs are moving towards cloud computing. Just like a coin has two sides, cloud computing also has a positive impact and at the same time, some challenges are faced by the business entities. Since the pandemic, cloud technology has emerged as the biggest enabler for businesses. Cloud investment and adoption is rising across sectors. The growing demand for enhanced transparency, rising capital requirements and increasing focus on customer experience have compelled different industries to turn to the cloud.

Cloud computing helps in reducing the expenses of the company as resources are acquired only when they are needed and payment is made as per usage. The global cloud computing market size is expected to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5% during the forecast period. Like any other technology, cloud technology continues to evolve too and newest trends keep cropping up. Cloud offers organizations the flexibility to scale up or down their resources and capacity based on the workload and pay only for the services that they use.

Customers or users are free to decide about the services which they want to use and pay as per use. Also, users have the option to switch from one cloud to another. Cloud investment and adoption is rising across sectors. The growing demand for enhanced transparency, rising capital requirements and increasing focus on customer experience have compelled different industries to turn to the cloud. The newest trend is to opt for a hybrid infrastructure that gives the collective benefits of on-premises, public, and private clouds.