As we navigate the technological currents of 2024, these trends unveiled by tech wizard Suresh Venkatachari founder & promoter of Securekloud Technologies, illuminate the path for businesses to adapt, innovate, and thrive in the ever-evolving realm of cloud computing.
Cloud computing is the driving force behind India's digital identity. It has evolved into an indispensable backbone of modern businesses, continuously shaping the technological landscape of how businesses and startups operate in India. “India's remarkable digital transformation in the last decade, propelled by widespread cloud computing adoption, has exponentially increased internet usage, smartphone penetration, and the integration of digital tools across diverse sectors,” claims tech trailblazer Suresh Venkatachari, founder & promoter of SecureKloud. Citing reports on the endearing pace of the adoption of cloud computing, Suresh Venkatachari continues, “From 2016 to 2021, India's public cloud market experienced a 44% growth, and a recent IDC report forecasts that by 2024, almost 40% of Indian organizations will incorporate cloud services in varying capacities.”
As we step into the year 2024, tech visionary and the acclaimed name of the industry, Suresh Venkatachari sheds light on the top 10 cloud computing trends poised to chart the trajectory of the industry.
1. AI as-a-service: Democratizing Artificial Intelligence
India's embracing of AI capabilities has been a pivotal shift; revolutionizing industries from healthcare to finance, fostering innovation, and transforming traditional approaches. With a growing ecosystem and the convergence of cloud platforms, India's AI adoption reflects a commitment to harnessing advanced technologies, driving efficiency, and shaping a future where intelligent systems redefine possibilities across sectors. “This trend empowers businesses of all sizes!” quotes Venkatachari. “AI holds the capacity not just to optimize business operations and transform human-computer interactions but also to tackle core human issues that would have otherwise posed exceptionally daunting challenges to solve,” continues Suresh Venkatachari.
2. Hybrid and Multi-Cloud Adoption on the Rise
With a staggering 85% of large organizations embracing a multi-cloud strategy, 2024 marks a turning point. Companies are increasingly leveraging a combination of private, public, and hybrid cloud solutions to optimize performance, enhance flexibility, and mitigate risks. This trend reflects a strategic move towards diversification, enabling businesses to tailor their cloud ecosystems, optimize costs, and ensure seamless operations across varied platforms. Such an evolution signifies a maturing understanding of cloud capabilities and underscores the agility required to thrive in an ever-evolving digital economy, especially in India. While this strategy offers unparalleled flexibility and cost advantages, the challenge lies in balancing security and governance across diverse cloud ecosystems and legacy systems.
3. Real-Time Cloud Infrastructure for Instant Insights
“Businesses are pivoting towards real-time data utilization,” says Venkatachari; “This enables instant access to critical insights across industries, thereby departing from traditional decision-making based on outdated information,” continues Suresh Venkatachari SecureKloud Technologies . This empowers businesses to swiftly analyze vast datasets, make informed decisions promptly, and adapt strategies in real-time, fostering agility and competitiveness in the rapidly evolving market landscape. Additionally, the surge in demand for instant-access storage solutions, driven by streaming content like cloud gaming, defines this trend.
4. Cloud-Driven Innovation in Emerging Technologies
India is experiencing a surge of cloud-driven innovation fuelling emerging technologies like IoT, quantum computing, and blockchain. This empowers businesses to explore and innovate without significant infrastructure investments. This synergy is revolutionizing sectors, enhancing efficiency, and fostering groundbreaking solutions, propelling India's technological landscape into a dynamic era of growth and advancement.
5. Strengthened Cloud Security and Resilience
“Protecting data against evolving threats remains a top priority in 2024. In the face of escalating cyber threats, cloud providers and users are doubling down on encryption, authentication, and disaster recovery measures,” explains Suresh Venkatachari. With strategic investments and advanced technologies, the companies in India have bolstered their defenses, safeguarding critical data and infrastructure within the cloud ecosystem, thus fostering a more secure digital environment conducive to sustained growth.
6. Embracing Sustainable Cloud Computing Practices
Environmental concerns drive the adoption of greener cloud practices. Major providers commit to net-zero emissions and renewable energy sources, setting ambitious goals to curb carbon footprints. The race toward eco-friendly cloud solutions has gained momentum in recent years. “By prioritizing renewable energy sources, optimizing data centers, and promoting energy-efficient technologies, India can pave the way for a greener, more sustainable digital infrastructure, aligning technology advancements with environmental responsibility,” shares Suresh Venkatachari.
7. Democratization with Simplified Cloud Tools
Low-code and no-code tools revolutionize cloud deployment and management, making it accessible to non-technical users. This democratization empowers a broader audience to create applications without extensive programming skills.
8. Persistent Focus on Privacy in the Cloud
India's approach to cloud technology emphasizes a persistent focus on privacy, driving robust measures to safeguard user data within cloud infrastructures. “Data privacy remains a focal point in cloud computing,” claims Suresh Venkatachari. Continual efforts and evolving frameworks ensure a secure digital environment, fostering trust and confidence among users and businesses leveraging cloud services in the country. Ongoing advancements in technology, regulations, and legislation strive to reinforce data protection and privacy amidst data entrusted to cloud service providers.
9. Efficiency with Serverless and Pay-As-You-Go Models
The serverless approach eliminates server management, allowing businesses to pay only for consumed resources. This model optimizes efficiency by cutting costs during idle server periods, enabling a laser focus on core activities.
10. Ubiquitous Edge Computing Revolution
Efficient processors, advanced networks like 5G, and memory-efficient algorithms drive the surge of edge computing. Processing data closer to its source reduces bandwidth costs and accelerates response times, defining the critical trend of 2024.
