CLOUD TECHNOLOGY HAS PROPELLED HUMANITY INTO A FUTURISTIC REALM.03-Mar-2016
With artificial intelligence on the rise and the need for huge amounts of data to be stored, the development of cloud storage is another significant form of technology that has propelled humanity into a futuristic realm. According to Big Data Made Simple, cloud storage is a service where data is remotely maintained, managed, and backed-up.
Cloud allows users to store files online so that they can access information from any location with an Internet connection. A recent study conducted with more than 800 business decision makers worldwide came to the conclusion that the number of organizations gaining competitive advantage through high cloud adoption has almost doubled in the past few years. It has been predicted that by 2017, the public cloud services market could exceed $244 billion.
More and more data transactions are moving to the cloud today, with majority of personal and professional information stored online. Therefore, with so much data online, security has emerged as an imminent risk. As more users of cloud become enamored by its ease and individualized access to tools and information, privacy and security could slowly diminish. Hacking information is a very real threat that we face today with so much information being stored online.
But it goes without saying that cloud storage certainly isn’t slowing down anytime soon. Just look at Uber: a hugely successful “taxi” company that uses the cloud to drive a mobile workforce, allowing them to instantly deploy drivers and respond in real-time to demand. It’s no wonder the company is being scolded by traditional taxi companies worldwide.
Cloud has paved the way for greater efficiency in business. Google even claims that its cloud hosts over 4 million applications. Urs Hölzle, the man responsible for building much of Google’s technology, including its cloud, has big ambitions for it: “Five years from now, my goal is that all the CIOs of the Citibanks of the world are GCP (Google Cloud Compute) customers,” he told the Business Insider. “Not because they were forced to but because they realize it’s far better than doing it themselves.”
While Amazon currently stands as the market leader in cloud computing services, credited with inventing the market and offering arguably the best cloud service out there, Google reportedly plans to run some of the world’s most sophisticated data centers in a bid to outdo Amazon, in addition to Microsoft, IBM, Oracle, Cisco, and every other major IT company. Every tech-giant wants to get in on the lucrative technology.
Source: Zane Small
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