From Better Security To Efficient Storage: A Look At The Future Of Cloud & Its Economic Impact

Cloud computing has revolutionised how businesses operate, enabling them to access advanced technologies, enhance efficiency, and reduce costs.

Cloud computing has revolutionised how businesses operate, enabling them to access advanced technologies, enhance efficiency, and reduce costs.

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By Ashish Mehra

Cloud computing has become an important strategy for enterprises of all sizes, especially when it comes to databases. The ability of public clouds to provide a flexible and scalable infrastructure has revolutionised the way companies operate, reducing costs and improving efficiency. As a result, the cloud computing market has grown remarkably, driven by the increasing demand for cloud-based services across industries. 

Open source databases like Postgres have played a crucial role in the growth of cloud computing, as they offer a cost-effective, scalable, and customisable solution for businesses to manage their data in the cloud. According to Grand View Research, the market for cloud computing was estimated to be worth $484 billion in 2022 and is expected to grow at a CAGR of 14.1 per cent from 2023 to 2030. With the recent shift to remote work, cloud computing has become even more essential for businesses to provide their employees with access to the necessary tools and resources. As we look to the future, cloud computing will continue to play a vital role in shaping the business landscape, with emerging technologies like artificial intelligence, machine learning, hybrid cloud environments, and edge computing opening up new possibilities for innovation and growth.

Impact Of Cloud Computing

Modular Software Prioritisation: Due to the growing complexity and size of individual programs, cloud computing technologies will eventually demand advanced system thinking. In the present scenario, the majority of system software requires substantial customisation, which means that even commercial cloud computing solutions need extensive customisation in terms of functionality and security. In addition, the user interface and functionality of this new programme must be improved.

Increased Storage Capacity: Data generation is at an all-time high and continues to rise, and keeping such a large volume of data securely is difficult. Since the majority of firms still have physical data centres for their client and business information, cloud server suppliers anticipate that as more businesses adopt cloud technology, they will be able to offer more cloud-based data centres at reduced pricing. In addition, with the help of this development, data storage will be smooth and require less physical space.

The extensible data model of Postgres makes it an ideal option for businesses looking to grow and expand in the cloud without concerns about overwhelming their IT infrastructure with heavy data and user activity. Postgres can handle the strain of multiple users accessing an application with ease, making it a strategic choice for enterprises transitioning to cloud computing.

Better Security: Currently, data stored on cloud servers is mostly safe. Smaller cloud service providers won't be able to provide or comprehend all the security measures required for proper data protection. Therefore, future cloud services will employ better cybersecurity measures and enforce better safety practices to prevent hacks. For instance, Transparent Data Encryption (TDE) helps enterprises maintain security and meet compliance requirements at the database level, giving full control to the DBAs but preventing unauthorised access to customer data. Moreover, businesses will be able to concentrate on more essential tasks as a result of not having to worry about data security or alternative data storage methods.

Future Of Cloud Computing

Hybrid Cloud Environments: Hybrid cloud environments combine public and private cloud resources and are becoming increasingly popular. This approach allows businesses to take advantage of the scalability and cost-effectiveness of public cloud services while maintaining control over their sensitive data and applications. As enterprises look to balance the benefits of the public cloud with their security and compliance requirements, hybrid cloud environments will become more prevalent.

Edge Computing: Edge computing, which involves processing data locally on devices or servers rather than in a centralised data centre, is another trend that will shape the future of cloud computing. With the growth of the Internet of Things (IoT) and other connected devices, edge computing will become increasingly important. By processing data at the edge of the network, businesses can reduce latency and improve performance.

Artificial Intelligence and Machine Learning: Businesses and people increasingly use the cloud to store and manage their data due to the rapid advances in artificial intelligence (AI). This is primarily due to the ability of AI-powered data analytics to spot emerging trends and patterns that might otherwise remain undetected. Moreover, cloud-based AI systems can evolve and learn, improving their data processing capabilities. Therefore, the need for cloud-based AI services is anticipated to increase over the following years.

Serverless Computing: A recent development in cloud computing, serverless computing, has the potential to completely alter how we think about hosting websites and other applications. The infrastructure needed to run application code is managed by a cloud provider in a serverless architecture, eliminating the need to maintain physical servers. Since you only pay for the resources you require when your code is performed, it can simplify deployments and lower the overall operating cost of an application. Although the technology is still in its nascent stage, serverless computing promises a scalable and economical method of running cloud-based applications.

Revolutionising The Future Of Businesses And Economy

Cloud computing has revolutionised how businesses operate, enabling them to access advanced technologies, enhance efficiency, and reduce costs. The future of cloud computing is bright and the adoption of cloud computing has greatly benefited database management systems like Postgres, allowing businesses to easily access, manage and scale their databases in the cloud. As companies adopt cloud-based services, the technology will continue to evolve, offering new and innovative ways to improve efficiency and drive growth. Furthermore, the cloud has enabled businesses to operate from anywhere and anytime, providing the flexibility that was once impossible. Thus, to stay ahead of the curve, companies will need to stay up-to-date with the latest trends and technologies and invest in the tools and services required to take advantage of them.

(The author is the Country Head — Sales at EnterpriseDB)

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