Cloud computing has made significant strides in recent years and this level of impact is not expected to slow in the near future. InfoWorld’s Eric Knorr recently highlighted how 2012 will go down as an important year for the public cloud. Looking ahead to 2013, the public cloud will be a mainstay for the IT industry. Research firm IDC predicted that companies will spend nearly $100 billion for the technology next year, more than double the amount spent in 2012.
Although more money is being allocated toward cloud computing, it pales in comparison to overall IT budgets, Knorr explained.
“The data center isn’t going anywhere – but it needs the greater efficiency and agility the private cloud offers,” Knorr wrote. “The question of the day is whether the private cloud will evolve quickly enough to stop an accelerated exodus to public cloud services.”
There are many advantages to hosted environments, especially in terms of process automation. Industry professionals believe these tools are ideal for improving employee collaboration. As long as workers have access to the internet, they can work with corporate documents through multiple devices like smartphones and tablets.
Hybrid clouds expected to be more important
Public and private clouds garner a lot of the attention surrounding hosted environments, but hybrid models are expected to grow in importance moving forward. A TechTarget survey found that 63 percent of IT professionals polled said the hybrid cloud’s cost-efficiency is its No. 1 advantage. Another 56 percent said the solution fits their companies’ computing requirements.
Stephen Bigelow, a TechTarget author, indicated that although the three cloud models differ in some respects, they all “have a unique role in enterprise IT.”
As more organizations worldwide realize the advantages of hosted environments, revenue from cloud deployments is expected to soar. A MarketsandMarkets study predicted that profits are projected to grow from from just under $38 billion in 2010 to more than $121 billion by 2015, expanding at a compound annual growth rate of more than 26 percent.
Cloud computing is no longer just a flash in the pan as some industry experts previously predicted. The technology, whether companies use a public, private or hybrid model, has changed the way firms operate and access information.