Cloud migration has been a buzzword for quite some time now, and with the recent advancements in cloud technology, the trend is only set to grow stronger. The cloud has transformed the way organizations operate, providing them with unprecedented levels of scalability, flexibility, and agility. The COVID-19 pandemic has further catalyzed the adoption of cloud services, as organizations worldwide had to shift to remote work and ensure business continuity. As we progress, it’s becoming increasingly clear that cloud migration is no longer a matter of ‘if’ but ‘when’. In this context, the future of cloud migration looks bright, with more and more businesses looking to leverage the cloud to gain a competitive edge in the market. Herein, we will briefly discuss some of the future cloud migration trends and how organizations can prepare themselves for this new era of computing.
What is Cloud Migration?
Why is Cloud Migration Important?
In a macroeconomic climate where every business is considering digitization of services, cloud migration becomes an essential due to:
Scalability: With cloud infrastructure, organizations can quickly scale up or down their computing resources based on the changing business needs.
Cost Savings: By employing cloud-based infrastructure, organizations can significantly reduce costs associated with maintaining and upgrading of the local hardware and the staffing and training of IT personnel. According to Forrester’s 2022 Infrastructure Cloud Survey, 40% of businesses will adopt a cloud-native-first strategy in 2023 to boost agility and efficiency while lowering costs.
Flexibility: Cloud infrastructure provides organizations with greater flexibility in lieu of location and accessibility of their data and applications. The cloud-based infrastructure allows employees to access critical data and applications anytime and from anywhere.
Disaster Recovery: Cloud infrastructure provides better disaster recovery options wherein organizations can ensure that their critical assets are protected from potential disasters such as natural disasters, cyber-attacks, or equipment failures by storing data and applications in the cloud.
Top 4 Cloud Migration Trends
AI & ML Powered Cloud Computing:
One of the most ongoing cloud migration trends is AI & ML powered cloud computing which revolutionises how businesses operate in the digital age. Cloud-based AI and ML applications are used to automate tasks, analyse data, and provide previously impossible insights. According to Enterprise Strategy Group Research, 39% of respondents indicate AI & ML as a critical workload requirement that drives their use of cloud providers other than their primary ones. With the help of cloud computing, organisations can scale their AI & ML applications without worrying about infrastructure and maintenance which also enables businesses to store and process large amounts of data in real-time, allowing them to make data-driven decisions that can impact their bottom line.
Low Code and No-Code Cloud Services:
With the rise of cloud computing, low-code and no-code services are becoming increasingly popular, allowing businesses to rapidly create and deploy scalable applications without significant capital investments in hardware and software infrastructure. It helps the software development industry by providing a faster and more efficient way to create and deploy applications. Low code and no-code cloud services enable developers to build complex applications using graphical user interfaces, drag-and-drop functionality, and pre-built templates and modules without writing even codes. Consequently, it reduces the time and effort required to develop an application and makes it more accessible to individuals without technical expertise. It is one of the popular cloud migration trends predicted in the upcoming times.
Kubernetes in Cloud Migration:
Kubernetes is a widespread container orchestration tool that helps manage and automate containerized applications. With Kubernetes, organisations can easily manage their containerized applications across multiple cloud environments, making moving applications from one cloud provider to another easier. Additionally, Kubernetes makes it easier for organisations to optimise their cloud infrastructure and reduce the operational costs.
Edge computing is a modern paradigm that brings computational resources and data storage closer to the end-users, devices, and sensors. In the context of cloud migration, edge computing offers several benefits to organisations, such as reducing latency, improving data privacy, and enhancing network bandwidth. By deploying edge computing infrastructure, organisations can process and analyse data in real time, which can be especially useful in scenarios where timely insights are critical. Edge computing can also help organisations comply with data regulations by enabling them to keep sensitive data closer to the source and reducing the risk of data breaches.
Cloud Migration Statistics
The cloud computing landscape is dynamic and continuously growing. In the fast pace of innovation in the cloud, Gartner® predicts that global public cloud end-user spending will reach over $600 billion by 2023. IT leaders and practitioners who employ cloud computing are 14% more likely to exceed organisational performance targets than their peers who do not. In 2022, 26% of people said they used numerous public clouds which is actually more as compared to 21% in 2021. Also, the utilisation of hybrid clouds increased from 25% to 42.5%. All this data is a testament that the world is moving fast in terms of adapting to cloud migration to make their business more sustainable.
What does the future hold- Cloud trends in the upcoming years?
By the next ten years, AI-driven cloud migration won’t be optional, but it will be a norm for digital transformation, whereas a low-code and no-code strategy will take dominance. According to a survey, by 2024 most organisations will use codeless development tools for at least 30% of their AI and automation activities. Whereas AI-driven features will be incorporated across business technology categories by 2026, with 60% of organisations employing them to deliver better results without relying on technical AI talent. According to trends, by 2026, 85% organisations will use AI & ML, natural language processing (NLP), and pattern recognition to boost foresight, and increase worker productivity by 25%. Another report says, the global cloud computing industry is estimated to reach USD 1,554.94 billion by 2030, at a CAGR of 15.7%. With all the data and evidence, cloud migration would be the paradigm shift change for any enterprise solutions in the upcoming years. Along with the West, the Asia-Pacific region would be the fastest-growing region.
Cloud migration can be a daunting task for any organization, but with the right strategy and support, it can be a smooth and successful transition. It is actually a critical step for any organization looking to stay competitive in today’s digital age. Herein, VE3 provides the necessary expertise and resources to guide an organization through the entire process. We help assess the organization’s current IT infrastructure, provide recommendations for the best cloud solution, and implement the migration with minimal disruption to the business operations. In addition to the same, we provide ongoing support and maintenance to ensure the cloud environment is optimized for performance, security, and compliance. With the help of our schematic strategy, organizations can leverage the full potential of cloud computing and achieve their business goals with greater efficiency and agility.
So, if you’re ready to take the leap to the cloud, contact us to learn more about how we can help you achieve your goals.