eMag_Feb2020_SmartGovernance | Page 32

TECH CLOUD Cloud to dominate tech spending in 2020 Independent studies have forecasted more than 70% of all tech spending, in 2020, to be associated with cloud initiatives and that IaaS will cross a mark of $75 billion, Cloud computing has been a game-changer for enterprises and continues to be a supporting factor for technological advancements. Cloud architects, Cloud software application engineers, Cloud consultants, and Cloud security experts have received an increased importance in an enterprise hierarchy due to the booming trends of cloud computing. Just like any other digital medium, there is much more expected from this technology today. Independent studies have forecasted more than 70% of all tech spending, in 2020, to be associated with cloud initiatives and that IaaS will cross a mark of $75 billion, worldwide. This makes it all the more necessary to have a closer look at the upcoming trends. As we move forward in 2020, here are a few trends that will play an important role in shaping the future of cloud computing. Hybrid Cloud Solutions Hybrid cloud solutions have picked up pace in the last year and will continue to rise in importance. Its dominance is primarily due to an increased level of security in data management, as well as ease in data maintenance. As data keeps on accumulating, enterprises are coming up with innovative ways to manage and analyze this data for the benefit of the organizations. At the center of this innovation lies the usage of hybrid cloud storage. Cloud Security The security of data has become the top-most priority for organizations. This increases the scope for a deeper understanding of cyber-security with regard to cloud computing. With the advent of 2020, organizations will be looking out for cloud solutions that are robust and are equipped with better threat-detection and management features. 32 February 2020 | www.smartgovernance.in