Cloud computing has come a long way from being just a simple storage solution or infrastructure as a service. It is now an integral aspect of modern enterprise IT architecture, with worldwide spending reaching $564 billion in 2023 and a forecasted growth of 20.4% in 2024. As enterprises navigate the complexities of Generative AI (Gen AI) adoption and application modernization, cloud will serve as a catalyst for innovation, agility, and cost efficiency.
In 2024, we foresee enterprises leveraging multiple public clouds to bring enterprise efficiency and drive innovation. Below are the top 10 cloud trends for enterprise transformation.
1. Multi-Cloud and Polycloud Adoption
Considering the risks and limitations of relying on a single cloud provider, enterprises will adopt Multi-Cloud and Polycloud strategies in 2024. Through these setups, executives can mitigate risks and negotiate favorable pricing and service-level agreements (SLAs). The Multi-Cloud approach involves leveraging multiple cloud providers to run the same applications or workloads. This not only eliminates a Single Point of Failure but also optimizes costs, reduces risks, and ensures scalability and disaster recovery. The Polycloud approach, on the other hand, involves leveraging the deep service capabilities and diverse strengths of different cloud providers. This strategy involves utilizing specific providers for specific workloads, enabling enterprises to address requirements such as resiliency, reliability, compliance, and data residency regulations.
Read the full list of trends here.
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