Cloud- the next tech imperative

Tech pundits feel that we have taken vaccination during the pandemic to save from the life threatening COVID-19, like that, the pandemic has provided a poignant reminder of the power of #cloudtechnology.

When COVID-19 hit suddenly and unexpectedly, systems resilience, agility, adaptability, and scalability were the fundamental capabilities needed by governments, businesses, and other organizations to navigate the crisis.

Certain segments needed to scale immediately to meet explosions in demand, like telemedicine, videoconferencing, and eCommerce, while others struggled to right-size their businesses faced with near-overnight elimination of demand, like live events & entertainment, travel, and ridesharing. As the pandemic is getting over, a new technology is getting ready to replace much hyped cloud since the adoption of cloud is an expensive affair.

The advancement in technology and the evolving global economy saw enterprises looking to improve their business efficiency, elasticity, and innovation.

During these 30 months of journey, we have witnessed the growth of all cloud platforms such as #AWS, Azure, #Google, Zoom and others are continuing to invest aggressively in capacity and innovation as they jockey for market share and work to accelerate their clients’ digital transformations. While most cloud platforms will likely see revenues grow, there is a race to land large enterprise IT and data estates due to the long-term challenges and costs associated with migration.

According to an IDC report, the cloud-as-a-service market is expected to grow at a CAGR of 159.7 percent (2019-2024), reaching up to $24.6 billion by 2024. Now the cloud owned companies are suggesting the enterprises to go for deploying more multi-cloud arrangements, with this the IT budgets are increasingly going to cloud giants.

According to a recent survey from Flexera on IT budgets for 2021, money is flowing toward Microsoft Azure and its

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