The new year is here. And with it, new goals, aspirations, and ambitions, especially for the C-suite as it tries to navigate unpredictable market forces. With CIOs facing the wrath of unexpected budget cuts, inflation, and below-expected increases in revenues, the pressure to deliver business value from technology initiatives – without additional resources – is at an all-time high.
Source: Gartner
To meet new demand, there will be an ongoing need for greater efficiency. CIOs will need to balance several priorities simultaneously. From embedding technology into the overarching business strategy to elevating enterprise IT governance, developing new operating models, and strengthening the IT organization structure. They will also have to look at integrating automation into the business, advancing technology talent, leading organizational change, managing risk and cybersecurity, and fostering tech-enabled innovation.
For CIOs, cloud computing has become a key tool that helps them achieve their business objectives. But with the technology landscape progressing so quickly and innovations constantly underway, CIOs must stay a step ahead of the latest trends and developments. In this blog, we will
The Top Cloud Trends to Keep an Eye on in 2024
Cloud technology opens several doors for CIOs to successfully execute the responsibility of digital delivery, overcome budget and talent restraints, and reduce risks. According to Gartner, worldwide public cloud end-user spending will reach $679 billion in 2024. Increasing competition, an uncertain business environment, and the pace of technological innovation drive the growth of the cloud market.
As businesses look beyond the cloud’s time-and-money-saving opportunities, emerging use cases across industries showcase how the cloud is key to becoming more innovative, agile, and successful. If CIOs want to create an impact in today’s highly competitive digital world, it is crucial to stay abreast of the latest trends. Let’s look at the top 2024 cloud trends for the enterprise CIO:
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AI-as-a-Service: As advancements in generative AI continue to stun the world, cloud computing will make these innovations easily accessible to the masses. In 2024, the AI-as-a-Service model will empower businesses with the latest AI capabilities and innovations – without having to invest in expensive tools and resources. The model will allow them to leverage this powerful and transformative technology quickly, easily, and securely via the cloud.
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Cloud analytics: The race towards becoming an AI-first organization will also cause a surge in cloud analytics in 2024. As organizations collect humongous amounts of data to feed their GenAI applications, data analytics will help in unearthing the right insights from structured and unstructured formats. It will facilitate the establishment of a robust data foundation while enabling businesses to make timely and evidence-based business decisions.
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Seamless integrations: 2024 will also witness the business world working towards enabling seamless integrations between various technology systems. From middleware consolidation to legacy application modernization, cloud and on-premises unification to API integration – in the coming year, integration services will act as the gateway to transformative business outcomes. They will enable organizations to drive more value from their existing infrastructure and launch quick-win/fail-fast initiatives to keep pace with the business landscape.
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Digital commerce: With e-commerce market revenue projected to reach $3.5 trillion in 2024, businesses across sectors are looking to up their online game. Cloud technology will enable these organizations to establish the right digital commerce foundation while paving the way for speed, scalability, and accessibility. It will allow them to craft a digital-first experience and enable consistency and convenience across multiple sales channels.
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Sustainable computing: As hybrid and multi-cloud environments continue to rise in popularity, cloud service providers will be seen driving efforts to reduce their carbon footprints. With Amazon pledging to achieve zero emissions by 2040 and Microsoft aiming to achieve this by 2030, there will be a collective endeavor to run cloud operations using renewable sources in the coming year.
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Security: With the omnipresence of the cloud, CIOs will maintain a steadfast focus on security in the coming year. The lack of skilled cloud resources, coupled with the steady increase in cyberattacks and breaches, will cause CIOs to craft robust security measures. In 2024, the world will see CIOs advancing governance and legislative frameworks to maintain data privacy and security. They will amplify investments in cloud threat detection and response and fortify existing cloud platforms to mitigate emerging risks.
In 2024, the cloud will continue to be a dynamic and exciting force of innovation, propelling businesses to new levels of success. As an integral part of enterprises, cloud trends, and innovations will compel businesses to look beyond conventional time and cost efficiency benchmarks. Companies will finally view the cloud as a dynamic catalyst for agility and resilience across diverse industries.
Learn how Recode Solutions can help you make the most of the latest cloud trends. As a leading digital transformation partner, our unwavering business outcome leadership and high-performance tech expertise can help you realize value faster from your cloud strategy and investments. Contact us today to speak to our experts!
