Saturday, September 23, 2023

Business Cloud Strategy Developments in 2023

By Anushree Bhattacharya - May 26, 2023 6 Mins Read

Business Cloud Strategy Developments in 2023

The cloud’s future is bright but rapidly changing. Some of the top cloud strategy developments are essential concerns in the cloud market, and how enterprises evolve their use of the cloud will be an interesting aspect to watch in the future.

Cloud technology is advancing in diverse directions. The new capabilities and abilities need to provide rapid, scalable access to business operations, cybersecurity, and IT services, helping enterprises restrategize their digital transformational journey as they look forward to bridging the gap between existing IT infrastructure and integrating it with advanced versions. Also, advanced cloud strategies are creating enterprise-wide business value among customers and other business clients.

Gartner’s findings in Gartner Predicts the Future of Cloud and Edge Infrastructure mention that the rapid innovation in cloud infrastructure and platform services (CIPS) makes the technology the de facto platform for new digital services. That is why 40% of global enterprise workloads will deploy CIPS by 2023.

In the sphere, here are emerging and anticipated business cloud strategy developments to track in 2023.

Also Read: Data Privacy: Key Developments for Organizations to Watch for in 2023

Modernizing Essential Applications for the Cloud

Most enterprises have enjoyed quick wins on their digital transformation and cloud adoption processes. They experienced reduced workloads after implementing cloud technology, transformed legacy applications to make them more cloud-friendly, and adopted a cloud-first strategy for new application development.

Emphasizing quick migration of applications to the cloud and developing applications using the technology will be vital for businesses in the future. That will make companies adopt private cloud environments to boost multiple application development. Apart from these, concerns like constant maintenance of the cloud environment with applications and data will be essential for businesses.

Companies will need more investments to keep the cloud functional, including regular updates and configurations required with technology advancements. In addition, businesses will also need to invest in maintaining physical infrastructures, public clouds, private clouds, cloud networks, and virtualized infrastructure, as they may become a necessity.

Cloud will develop opportunities for business workflow simplification through modernization. The modernization will reduce business costs, address operational complexities and resolve them, and introduce scalability to meet emerging business needs dynamically.

Businesses will Make the Most of Multicloud Hybrid-edge

The multicloud hybrid edge marks a decisive step forward for enterprises looking to drive current business reinvention through the cloud. Enterprises may leverage the alignment of existing technologies with new versions of cloud technology that will be more flexible with integration capabilities.

Gartner’s findings in Gartner Predicts the Future of Cloud and Edge Infrastructure mention that it predicts more than 15 billion IoT devices will boost connectivity among enterprises with cloud infrastructure by 2029.

That makes sense for enterprises and leaders to focus on defining their business reinvention plan by leveraging the hybrid edge as an operating system. It will bring AI, data, applications, infrastructure, and security together to optimize operations and accelerate business value. This cloud strategy development will enable enterprises to avoid dependency on a single public-cloud system.

In exchange, it will fulfill several business demands, according to emerging trends, by unlocking innovation advancements in cloud components such as AI, data, and cybersecurity. These capabilities will help reach the desired business outcomes.

Besides these, hybrid architectures are becoming one of the sustainable options for most organizations since they deliver flexibility, security, and agility. The multi-cloud hybrid edge will impact enterprises to address several key issues, such as defining the suitable operating model, finding the right talent, integrating and managing different technology platforms, and controlling costs.

CIOs must develop strategies and roadmaps to transition to hybrid cloud environments while fostering a culture of agility and continuous innovation.

Cloud Maturity                                       

Today, many enterprises have successfully embedded the cloud in their IT infrastructure and other operational mainstreams. The aggressive adoption of the cloud has helped businesses to advance their operations by leveraging cloud maturity. Enterprises have earned a competitive advantage by adopting cloud maturity models.

In the futuristic cloud drifts of 2023, cloud maturity will create a Cloud Center of Excellence (CCoE) to establish a clear business intent. This can further help enterprises use other cloud providers for specific workloads. The goal will be to align the strengths of each cloud provider to support particular business or customer needs better in the future.

A purposeful and deliberate approach to a cloud maturity model and associated strategies will help CIOs empower cloud technology. On the other hand, cloud providers in 2023 will focus more on providing multi-cloud tools like Kubernetes, where leaders will also emphasize investing in the multi-cloud abilities of their workforce.

High Popularity of AI & ML-powered Cloud Services

Major cloud providers will introduce AI/ML features into cloud models for enterprises to improve the ability to envision business outcomes, including operations and IT infrastructure. AI/ML will hold strong and promising factors when integrated with advanced cloud models and infrastructure.

The adoption of AI/ML-based cloud models will continue rapidly. At the same time, it is skeptical for some businesses to adopt it since it may require huge investments in the future. It will be an exclusive advancement for businesses when migrating to cloud solutions that will serve as a road map for the adoption of AI/ML technologies individually. While it is promising, there are varying concerns about cloud models, particularly towards customers, whether they are reliable, biased, and secure.

In addition, many giant enterprises have the resources to build their AI or ML infrastructure. So, integrating them with the cloud will boost the rent-as-a-service, likely to become a more cost-efficient option in the future. In 2023, cloud service providers will continue innovating to advance cloud strategies more efficiently and cost-effectively.

Also Read: Primary Reasons That Deteriorate Digital Transformation Initiatives

Amplified Investment in Cloud Security Resilience

Migrating to the cloud exposes enterprises to continuously emerging cybersecurity threats. On top of this, the growing need to meet legislation laws around how businesses can save and use customers’ data also means that the risk of fines is significant today.

Gartner’s finding in Gartner Predicts the Future of Cloud and Edge Infrastructure also mentions that enterprises will be less vulnerable to cyberattacks by segmenting or isolating devices. Also, throughout 2023, enterprises that practice it will experience 25% fewer successful cyberattacks.

As a result, expenditure on cyber security resilience against cloud data threats will become a priority in the future. Enterprises will likely look for innovative and cost-efficient ways of maintaining cyber security in a cloud environment. This means leaders will use AI and predictive technologies to spot threats before they attack, and security-as-a-service may increase in 2023.

The Future of Cloud Strategy Development is Bright and Keep Changing

The concern about investing in the cloud among enterprises will remain in the future. Currently, investments are rising as leaders find ways to leverage the cloud through partnerships or collaborations.

However, 2023 brings the most innovative ways to invest in the cloud as integrations are high at scale. At the same time, cloud service providers are equally expected to evolve their cloud services and products due to high strategical demands for cloud integrations.

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Anushree Bhattacharya

Anushree Bhattacharya is a Senior Editor with Ondot Media, where she covers stories on B2B business strategy, thought leadership, and corporate technology culture. She is a quality-oriented professional writer with eight years of experience. She has been curating content for the B2B industry, and her writing style is inclined toward how businesses want to perceive information about emerging digital transformations and technology developments. Anushree blends the best information on trending digital transformations, technology-driven stories, and SEO-optimized content. Anushree is proficient in technology journalism and curates information-driven stories about enterprise tech for EnterpriseTalk publication.

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