There has been considerable growth in the realization of cloud technology potential. The forecast from Forbes mentions that businesses are willing to spend up to $1 trillion on cloud infrastructure in 2024. The purpose is to save time and money, which is immensely possible through cloud migration. Undeniably, cloud vendors are constantly pushing the boundaries to gain a competitive edge in the technology market. This is a boon for cloud customers, as an increase in the number of competitors means more chances to avail better cloud services that pave the way to endless innovation, agility, and success, turning businesses into powerhouses.
The impressive benefits of cloud services are many: more cost-effective than on-premises infrastructure; it allows organizations to scale operations up and down quickly and respond instantly to changing market conditions and demands; and promotes remote/hybrid work and collaboration while allowing users to access data and applications from anywhere with an Internet connection.
This blog intends to enlighten the readers about the cloud infrastructure trends that will rule in 2024 and enable you to make smarter decisions for business growth.
Major Cloud Infrastructure Trends to Watch Out for in 2024
The progressive attitude of innovators needs to be matched with innovative solutions. Cloud masters are putting in serious dedication to usher in continuous, ground-breaking revolutions. To help organizations deal with the increasing competitiveness, here are a series of trends that every organization must know, learn, and adopt in 2024.
1: Serverless Computing
Experts believe that developers will concentrate on coding the applications, while cloud providers will handle the infrastructure. Serverless computing is versatile, as developers can select the language and framework as per their application requirements. The prevalence of serverless architecture will rise significantly because of its cost-effective identity. However, transitioning to such a model requires adjustments in development cases, thereby creating a demand for upskilling the workforce.
2: Adoption of Multiple Clouds
As per Forbes’ estimation, the number of enterprises with a multi-cloud strategy will rise from 76% to 85% in 2024. Saxon AI survey found that 72% have already taken the multi-cloud route. To have access to the best-in-breed services from each cloud provider, the focus will be on leveraging the strengths of multiple cloud platforms while maintaining control over their data and applications. Multi-cloud infrastructure may be an advanced solution for its cost and security benefits, but it may pose risks in terms of data governance and integration complexities with legacy systems. Consequently, organizations need a technology partner to help efficiently implement the multi-cloud strategy.
3: Edge Computing
Mitigating challenges like latency, congestion, and bandwidth, Edge Computing enables processing data at the source itself and accessing real-time data insights, thereby boosting overall performance. Businesses can extract value from their enterprise data without the need to transfer the data to the public cloud or cloud center. According to Gartner, almost 75% of business data will be produced and processed at the edge in the coming year. Also, businesses must note that implementing edge computing may cause issues with security, especially for resource-constrained devices. Thus, organizations need a capable cloud solutions provider to guide them through the Edge Computing journey.
4: Incorporating AI and Machine Learning
To unleash anticipatory analytics and better decision-making, injecting AI and machine learning tools into the cloud is necessary. AWS and Google are already leaders in the tech race by making investments to enable developers to utilize artificial intelligence and machine learning for building various applications. For instance, Google Lens has harnessed the power of machine learning for visual recognition through the lens. Most importantly, integrating artificial intelligence and machine language into operations will require a focus on data quality, the acquisition of talent with specific expertise, and addressing ethical considerations.
5: Emphasis on Data Privacy and Security
Needless to say, hackers are constantly inventing new AI-powered forms that have increased the frequency of data breaches and thefts. According to a Forbes study, any system that is accessible to a human is always at risk of social engineering attack. In 2024, the focus of cloud service providers will be on strengthening encryption, authentication, and disaster recovery functionalities to slow down the increasing number of cyber-attacks and empower businesses to employ cloud services with confidence. However, improved data security stemming from increased compliance responsibilities might introduce operational complexities.
6: Sustainable Cloud Computing
Environmental sustainability is a growing concern, and cloud providers are taking initiatives to reduce their carbon footprint. This trend is driven by the growing demand for sustainable cloud solutions from organizations. The push for embracing greener and more eco-friendly cloud services will become stronger in 2024. Saxon AI states that Amazon and Microsoft have already made net-zero commitments. To minimize their carbon footprint, these leading powerhouses are going to use renewable energy for their operations.
These are some of the many Cloud Infrastructure trends that will dominate in 2024. Businesses need to stay adrift with these changes to stay ahead of the competition.
Staying Ahead on the Cloud Trends with AgreeYa
A recent RightScale study stated that cloud adoption among businesses has risen to 94%. Such a heavy adoption rate must be supported by the best practices to ensure business scalability with future-proof cloud infrastructures. For organizations intending to stay ahead and thrive in the technology-driven landscape, AgreeYa is an apt partner for success. We have a proven track record of providing Cloud and Infrastructure services to meet the demands of modern businesses. We can help implement and succeed with the new technology trends for 2024.