Business and uncertainty are the two sides of the same coin. Covid was one such uncertainty that affected the corporate world in a way no one would have thought of.
There are two schools of thought with how covid changed the dynamics for us. One that the pandemic took us years back in terms of the growth of the economy and its different sectors. Another, that covid gave a needed push to the companies to accept change to survive.
Change is inevitable, and so is resistance to it, well, at least in most organization. 2020 witnessed a race for the “survival of the fittest”,; but only a few understood that survival meant nothing but acceptance of the change.
Through this blog, we aim to highlight the five emerging trends in cloud computing. Awareness of these trends will help the companies become proactive and act to such transitions in better managerial ways in the future. Hence, the five trends to know the future better.
Digital transition and Transformation.: The Powerful Tool
Business and technology are inextricable. To grow in the industry, one must keep up with the pace of the growth of technology. One of the biggest trends that the corporate world will observe is the enthusiastic response of businesses to the changing dynamics of the digital world.
Around 89% of the business leaders surveyed Dell’s Digital Transformation Index suggested that the pandemic highlighted the need for a mode stable IT environment.
Technology has surpassed the boundaries of being a choice and has already entered a necessity in people’s lives, facilitating the ‘new normal’ process. This also answers why the transition is significant for climbing up the success ladder.
Necessity is the mother of invention. 2020 saw an upheaval in the innovations that took place. Digital transformation refers to how the technology is used in better and new ways to meet future challenges.
Organizations stuck in the loop of routine operations and technological, functional fixedness. They fail to recognize the need for a transformation, which facilitates the transition to a new technological era:-
According to the IBM Institute For Business Value Survey of 3000 CEOs, around 74% believe that the cloud is necessary for advancement in the current scenario and the future. Conventionally, there were two clouds commonly used; private cloud and public cloud. The former is where the company has its server setup, and the latter is where companies use these cloud providers’ services in exchange for a fee.
But, what is a hybrid cloud?
People who know on-premise cloud systems (aka the private cloud) are aware that scalability and recurring hardware investments are always an issue even though it provides the host with the control they require. Similarly, problems of cost in the public cloud was a known obstacle.
Nevertheless, what if I tell you that you can now use the scalability in the geodiversity of a public cloud with the features of cost efficiency and control of a private cloud simultaneously? And that is exactly what a hybrid cloud offers an enterprise. It allows the user to distribute its workload according to the service it requires from each cloud server. For example, the host can transfer sensitive data to the private cloud, whereas the less critical data can be stored on the public server. This gives the user an edge over its fellow competitors and allows them to easily take advantage of both types.
Cloud Gaming- An opportunity for Gamers
With everything shifting to the cloud, Mordor Intelligence’s report stated that the cloud gaming market would observe a rise to $2.7 billion by 2026. As the 5G technology is making its way to the market, the chances of a better experience with cloud gaming become more. 5G’s better speed and internet facility, complex games will be rendered to cloud more swiftly. The advent of 5G and cloud will together provide a plethora of opportunities to gamers to enter into a more competitive, high stake gaming environment. It will also help slash down the cost that increases with the need for a high-end gaming PC for a higher-level gaming experience. Thus, this will increase the number of gamers in the country as people with low budgets could easily participate.
Companies like Microsoft and Apple had already realized the scope of cloud gaming and have launched numerous gaming subscription services ever since.
Artificial Intelligence : A game changer for many industries
Artificial Intelligence has been the buzzword in the industry for quite a time now. The changes that AI has brought and is supposed to get will turn the current corporate architecture 360 degrees.
Thus, it is essential to see AI through the business lens rather than through the technological alone. AI will help enterprises better engage with their customers, analyze the data more efficiently, and gain valuable insight.
For good, healthcare, management, marketing, sales, and all sectors and their internal aspects will be very much affected by AI. From sound recognition to face recognition, the change has already begun. It is only on us to foresee its impact on us and commence the preparations now.
Work From Home: The New Normal
The work from home culture is here to stay. What started as a cultural shock has now been inculcated in people’s daily lives for the past one and half years. However, the work style wasn’t unknown to people. According to research from Flex Jobs, work from home in the Us grew by 150 per cent between 2005 and 2017. While some people did face difficulty maintaining the boundaries between their personal and work life initially, they also managed to have more productivity than they used to in their offices. Enhanced productivity leads to better task management and eventually better profit margins for the enterprises. Moreover, with online board meetings and no scope of travel for any business purposes, the huge transportation cost borne by the company was saved.
The challenges faced during meetings and regarding the communication gap are now successfully met by applications like Zoom, Google Meet, Slack, Microsoft Teams Etc.
An additional trend that has already been explored by the corporate world but can evolve in the coming time and make our lives simpler.
Virtual Data Rooms: Leading the way
Virtual data rooms are rooms where a vast amount of data can be stored, sorted and managed. It is similar to a well organized online library containing data of an organization. They have eliminated the need for massive rooms for document storage and the necessity of people to manage them.
Virtual data rooms have had a boom in the market, especially after covid. High-volume-documented transactions such as Mergers & Acquisitions, Fundraising, Contract Managements, dealing with Financial crises were made possible with much proficiency.
Companies like Dcirrus have helped organizations of different scales and nature to grow regardless of the external factors’ trends.
What is holding the companies back?
Now, the question that might occur to you is that even though the cloud is a harbinger of a corporate revolution, why are some companies still holding back. Well, they have several reasons, and some of them Listed below.
• “Complicated” setup
•Rules and Regulation Compliance
However, with the right service provider, these problems can be taken care of and ensure security and confidentiality of information.
Are you having trouble selecting the right service provider for yourself?
Well, Dcirrus can help you with that
Why Choose Dcirrus?
Dcirrus virtual Data Room service provider aims to provide ‘pay as you need’ service to their customers, catering to the needs of organizations of different types and sizes.
Why Dcirrus is considered as the Best Virtual Data Room service:
•256- bit data encryption for maintaining the security
•Three level data encryption: in transit in use and at rest so that the data cannot be hacked or get corrupted at any stage.
• Auto Backup for easy retrieval of files.
• Compliance with the laws and rules and regulations set up for the various industries.
• Easy set up at nominal rates.
• Smart level sync – to save time in case of bulk of documents
• Easier File Versioning – to track the different and previous versions of saved files.
• Tag and Flag feature- to make your browsing easier.
• User permission – to give easy access to the files to move, edit, and delete to people you want. Thus, giving you control over the data.
• Security with Dynamic Watermarking – to prevent unauthorised distribution of your files.