Anyone who wants to understand the world of technology today should pay attention to developments in cloud computing.
Google Cloud , “Adopting FinOps design principles in the cloud will establish an autonomous, cost-conscious culture and promote financial responsibility and business agility in the cloud.”
Google Cloud further notes that FinOps benefits organizations by providing cost efficiency, resilience, and speed. Given these advantages and the use of FinOps as a way to mitigate the potential for uncontrolled spending in the cloud, it is likely that by 2024 more operations will adopt this approach.
Greater storage capacity
One of the biggest benefits of using cloud services is the large storage capacity, which can be easily increased or decreased based on the company's new needs. In the past, companies had to rely on local infrastructure that would take weeks, if not months, to order and configure, only to go unused if the company's plans changed.
With cloud storage, however, the company only needs to manage the settings to alert the provider that it needs more or less capacity. Because it has so many potential uses, storage capacity will continue to be tapped into 2024.
IoT
IoT depends on cloud computing to operate. The purpose of IoT devices is to collect data. Once data is collected, it needs a place where processing, analysis, and storage can take place. The location where this analysis and storage occurs is typically the cloud. Using the cloud for this processing and storage creates a higher level of data security for IoT applications.
Cloud functionality for IoT networks can also allow multiple devices to connect. Additionally, like other cloud-based operations, IoT functionality and data processing are easily scaled up or down based on business needs. Given the expected explosion in the number of IoT devices in the coming years, a surge in cloud computing is expected to occur in 2024.
Top-notch benefits
The high-level benefits these trends represent include cost savings, security, ease of use, flexibility, improved functionality, innovation, and end-user benefits. For example, FinOps processes can help organizations manage their spend in the cloud. Security features and sovereign clouds can extend the level of security that companies can experience when using cloud services. Public cloud offerings, serverless options, and unlimited storage can make the cloud easier to use. And the possibilities of multi-cloud and hybrid clouds increase enterprise flexibility.
Meanwhile, a cloud-native approach can lead to improved functionality. AI, ML, edge and IoT are technologies that drive innovation. And cloud-based gaming and XaaS offerings offer almost endless user benefits. Given all these advantages and others associated with cloud computing, it's no mystery why companies are adopting large-scale cloud strategies for 2024 and beyond.
