Tuesday, September 26, 2023

TCS: “Cloud is now an essential business strategy, not just a computing solution”

Tata Consultancy Services (TCS) reveals today’s top five cloud trends: Cloud 2.0, Public Cloud, 5G and edge computing, Industrial Cloud and the emerging cloud talent gap. The predictions are part of TCS’ recommendations for which cloud innovations are most likely to impact executive management and how companies can effectively and profitably manage these trends while avoiding any potential bottlenecks.

The TCS findings come at a time when cloud adoption continues to grow, as Gartner forecasts global cloud services to grow by more than 20% to $591.8 billion by 2023, despite inflation and economic uncertainty hitting business spending. put pressure on The rapid pace of change has left many business leaders anxious and uncertain about their technology investments, but according to Parthiv Shah, global head of strategy and cloud transformation, this new era demands better strategic planning and a long-term vision:

“With over 616,000 employees working in the cloud, and almost all of our customers using these services with TCS, what comes next in this area is the most important thing for the company,” says Parthiv. “Technological advances expand and converge every day, so betting on an adequate cloud infrastructure is one of the most important decisions any company will make in 2023. Business leaders must recognize that the cloud is no longer just an IT solution, but A business strategy.” ,

Here are five essential trends companies need to consider in order to succeed in the cloud:

Badal 2.0

The cloud will enter a new phase, becoming a fundamental pillar of business strategy.

Many of the initial investments in the cloud were made in haste during the onset of the pandemic to facilitate remote working or with the short-sighted goal of cost savings. Now, the global economy is forcing companies to assess the true value of their cloud strategies through the use of metrics, and companies are starting to focus on fine-tuning their cloud value assessment models and asking how they can support customers or diversify resources. Income. This new perspective positions the cloud as a fundamental pillar of modern business strategy, critical to driving growth, change and continuous innovation.

sovereign cloud
New data privacy policies will push companies towards sovereign cloud.

Sovereign Cloud is a security posture that any organization can adopt at the national or local level to protect valuable data and systems from unauthorized foreign access. The United Nations National Conference on Trade and Development reports that more than 70% of the world’s countries have passed data and privacy laws that require organizations to comply with the rules for sovereign clouds in their multi-cloud, hybrid, and poly-clouds. Motivated to join. This will make smart systems integration, interoperability and portability more complex but imperative in 2023 and beyond.

cloud innovation

By moving compute and storage closer to data sources, enterprises can improve response times and save bandwidth, while advancing stores in the edge cloud and on-premises operations and stability solutions to multiply applications on the front line of the enterprise. are ready for. Although still in the early stages of development, quantum computing is getting closer to reality, and more and more companies are preparing to adopt its capabilities. The spectacular advances in artificial intelligence, machine learning, virtual reality and augmented reality are also expected to strengthen the role of the cloud in modern business and everyday life, leading to possible immersion in the metaverse.

industrial cloud

Companies will begin to reap the rewards of their cloud investments for specific industries.
Cloud computing can be uniquely tailored to provide business value for specific industries, not just more efficient back-end IT operations. From rapidly evolving supply chains to energy-efficient sustainability initiatives, savvy companies that invest in cloud-native industry solutions to address common problems can expect significant increases in their key performance indicators. Industrial cloud activity will also increase in consumer-facing sectors such as retail and hospitality because they are best positioned to make immediate use of edge computing. We expect cloud success stories to flourish in specific areas this year.

changing talent

As cloud technologies evolve and new digital skills are in demand, the talent gap will widen.

The cloud is creating new opportunities for businesses and employees, but the challenge is to train employees to become multi-cloud architects. Training and equipping the workforce in the new era of cloud innovation will require a global collective effort by businesses, governments, academia and industry bodies. We anticipate a race for top talent that contrasts with the more general pressures on rosters due to the economic downturn. Companies must redouble their efforts to train, retrain and retain their employees if they want to make their vision of a cloud-powered business a reality sooner rather than later.

Parthiv says: “Cloud spending will continue to come under scrutiny due to global economic headwinds. But we believe it will last and, in fact, it will grow, especially in the medium and long term”, says Parthiv. “New technologies and collaborations are driving innovation and will continue to provide exactly the same cloud-based services increasingly important to global businesses. Companies that proactively develop cloud-first strategies to address and master these new trends will be better positioned to achieve healthy returns on their investments in 2023. Will be in

World Nation News Desk
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