Four Trends in Cloud Computing | Luke Lonergan



With the role of chief information officers continuing to evolve, the next year promises some trends that will put pressure on them to meet the expectations of customers, employees and partners. In the next year, the C-suite managers in IT will need to balance the capacities of the latest cloud computing technology while also giving attention on security.

Here are four trends in cloud computing that chief information officers should gear up for in 2019:

1. The number of cloud services and solutions (SaaS, IaaS, PaaS) will continue to rise
As per Bain & Company, subscription-based software-as-a-service (SaaS) will increase at a rate of 18% compound annual growth rate (CAGR) by 2020.
As per KPMG, investment in platform-as-a-service (PaaS) will rise to 56% in 2019 from 32% in 2016. As per Gartner, infrastructure-as-a-service (IaaS) market is expected to touch USD72.4 billion by 2020 all over the globe. Considering the ongoing cloud computing trends, the volume of cloud solutions in both private and government sectors will increase in 2019.

2. Quantum computing is closer than we think
Computer giants such as IBM, Google, Microsoft and Intel are working to develop the first quantum computer that can deliver promised solutions such as solving complex medical problems, data encryption, real conversations with artificial intelligence, weather prediction and improved financial modeling. In November last year, IBM unveiled a 20-qubit and a 5-qubit version and started offering quantum computing as a cloud service. Samsung, Barclays, Daimler Honda and JPMorgan Chase were the first to sign up for testing.

3. Large number of businesses will transition to hybrid cloud solutions
Several companies are reluctant to opt-in to cloud computing for the high costs and risks associated with it, but with hybrid cloud computing the costs and risks are mitigated and companies can make the transition at their own pace. In 2019, a large number of companies will opt-in for a hybrid cloud computing that will enable them to access the effectiveness and efficiency of cloud solutions.

4. With General Data Protection Regulation, cloud security will become trickier
After the introduction of the General Data Protection Act (GDPR), security risks will pose a threat to the cloud computing technology.

A Gartner report says that 99 percent of vulnerabilities exploited will continue to be ones known by IT and security professionals for a minimum of one year by 2020.
In 2019, companies will have the tough task to make sure that their data practices completely adhere to the stipulations of GDPR.

With the above trends in the next year, the chief information officers need to make sure that they are up-to-date with the developments going on in the cloud computing technology.
For more information, About Luke Lonergan

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