Cloud Computing Hop on, before you miss the boat.

Team Veye | 17-Sep-2018 Cloud Computing

Although the cloud is far from a new idea, its true capabilities are only now beginning to be realized. In recent years there’s been a lot of talk about cloud computing and cloud storage, like Microsoft Azure, Amazon Web Services, and Google Cloud. Today IT systems are becoming a thing of the past - the competitive importance of IT inevitably decreases, the software, like once electricity, becomes a communal service! Just like a century ago, the creation of powerful power stations marked a new era in the life of mankind, and today we are experiencing a similar technological revolution that radically changes our lives.

Almost everything in the digital world is connected to the cloud in some way or another — unless it’s specifically kept in local storage for security reasons. As tech giants and start-ups find new ways to organize, process and present data cloud computing will become a more and more integral part of our lives.

By 2020, the popularity of the cloud will have grown significantly. Cloud-based analogs are much better and more flexible to use. Experts believe that all No-cloud companies will definitely start using cloud services in their work. Why, because at the end of 2015, 88% of entrepreneurs transferred their companies to clouds.

Cloud will provide the digital infrastructure of tomorrow’s cities, where an estimated 6 billion of the world’s population will live by 2045. Smart elevators and parking lots, driverless cars and drone taxis, trains and subways, farms and power plants, all will be safer and better managed, thanks to the cloud’s ability to store and analyse data.

The cloud will also help society cope with growing volumes of data. This includes applications like high-definition video, which Huawei estimates will account for 89% of individual user traffic by 2025. 

The cloud will support emerging technologies such as artificial intelligence and help them to adapt to new platforms such as mobile. When smartphone sales overtook sales of PCs in 2011, mobile became the world’s largest computing platform. Naturally, AI has made its way into phones. 

The vision of driverless cars gliding down streets and highways is still a ways off, but it will be realized soon, thanks to the power of the cloud. As with smartphones, vehicles come with sensors and cameras that generate plenty of data. Much of that data needs to be processed in real time, so pressing will take place on, or inside of, the vehicle itself. But many tasks, such as software updates and machine learning, will happen in the cloud.

The future of cloud computing is a chance for a huge technological breakthrough for the companies using this technology today. So as an investor, if you are looking for opportunities to put your money in this sector, you need to act now, as it’s always wise to start early to reap the benefits of any budding sector.


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