Technology has revolutionized not only the economy, but the way that people do business. The statistics speak for themselves, according to a recent study by Goldman Sachs. The numbers below indicate not only the future of cloud computing, but the overall impact that this technology has made in the current market. According to the study:
- 42% of IT decision makers are planning to increase spending on cloud computing in 2015.
- Spending on cloud computing infrastructure and platforms is expected to grow at a 30% CAGR (Compound Annual Growth Rate) from 2013 through 2018 compared with 5% growth for the overall enterprise IT.
- By 2018, more than 60% of enterprises will have at least half of their infrastructure on cloud-based platforms.
- Enterprise cloud subscription revenues are forecast to reach $67B by 2018, attaining a CAGR of 17.3% in the forecast period.
- By 2018, IDC forecasts that public cloud spending will more than double to $127.5 billion.
- IDC predicts that by 2016, there will be an 11% shift of IT budget away from traditional in-house IT delivery, toward various versions of cloud computing as a new delivery model.
However, for every challenge addressed by cloud management, there are new ones to face. Information management has changed exponentially over the last decade, and continues to do so each year. The sheer volume of content required to operate in today’s tech-savvy business world is growing so fast that companies are taking measures to manage these information assets with the use of cloud management, technology designed specifically for operating and monitoring applications, data and services residing in the cloud. Cloud management helps to ensure that cloud computing-based resources are providing optimal performance as well as interacting with users and other services as required.
Along with the changes in technology come changes in the operation management process. Managing a business in the ever-changing world of technology can be confusing, as well as unpredictable. Fortunately, Cloud Management provides many benefits, such as lower costs, shorter marketing time, as well as increased productivity through global collaboration capacities. Two key challenges that may arise from cloud management are loss of control over data and
dependence on the Cloud Computing provider. Cloud computing relies on a dependable and secure telecommunications network that guarantees the operations of the terminal users of the services provided in the cloud by the cloud computing provider. The issue arises as telecommunications networks are often provided apart from the Cloud Services, creating questions about security and reliability.
The second issue with Cloud Management is dependence on the Cloud Computing provider. Should that provider experience problems within the entity and no longer be able to provide these services, access to the data can be inhibited, affecting business continuity. To avoid these issues, Risk management and compliance issues must be well defined and understood by the parties involved to minimize interruptions as well as providing a clear understanding of data management issues.
As a Tech 50 finalist and Best Practices, Pittsburgh Technology Council; Top 50 Places to Work, Pittsburgh Post-Gazette; Pittsburgh 100—four-time winner, Pittsburgh Business Times, Perfection Services, Inc. (PSI) has the tools, the knowledge and the experience to ensure that you get the service you need and deserve. Understanding the sensitive needs of data management in today’s industry, PSI employs and experienced and professional team that is ready to assist you with everything you need to professionally manage your IT infrastructure. For more information on Cloud Management Services, or any of PSI’s other services, contact us today.