Cloud Computing Trends 2024: What Businesses Need to Know

As clouds continue to expand around the world, companies feel their impact. Forecasts show that 95% of new workloads will be replaced in the cloud by 2025, so the usage of clouds is inevitable. So, what are these clouds? Cloud computing allows people to use new technologies without wasting money on buying or building expensive infrastructure for running these advanced computer applications.

While clouds are cost-saving and flexible, global spending is expected to surpass $1 trillion in 2024.
Such spending grows due to cloud computing trends that may incorporate even artificial intelligence. Moreover, because of these trends and changes in cloud computing, businesses consider clouds as an asset for flexibility, and fostering innovation in different sectors and areas.

Cloud Computing Trends and Types in 2024

Main features cloud computing offers:

• data backup and recovery
• security
• software solutions
• support resources such as scalable storage, servers, and databases

Almost all businesses use clouds to store and share information. As Sid Nag, the vice president analyst for Gartner, said, 

“Current inflationary pressures and macroeconomic conditions are having a push and pull effect on cloud spending. Cloud computing will continue to be a bastion of safety and innovation, supporting growth during uncertain times due to its agile, elastic, and scalable nature.”

Multi-cloud and Hybrid cloud computing

Nowadays, companies are trying to find a cost-saving and waste-free solution for cloud storage, as the cost of cloud usage only grows. Such solutions include multi-cloud and hybrid clouds. They share similarities, but they represent distinct cloud strategies and solutions. Hybrid clouds use both on-premises computers and the cloud, while multi-clouds use different cloud platforms. Such approaches require less spending, as a need in data storage increased.

AI (artificial intelligence) for Cloud Storage

Even though, such AI model as ChatGPT isn’t involved directly in cloud storage, it can collaborate with different clouds to provide some services. David Linthicum from Deloitte says the cloud is making AI more accessible through AI-as-a-service. This is driven by the rise of GenAI, with businesses moving towards full-scale AI integration. In 2024, adjustments will support this transition across different platforms, favoring cloud platforms for their ease of use.

Another example, of an AI-powered cloud platform, is Microsoft Azure Cloud. It uses ChatGPT inside the system to support some tasks and processes.

Security in Cloud Storage

As security became the number one concern, blockchains, cryptography, multifactor authentication and disaster recovery which is integrated into a cloud security system. As blockchain is decentralized, it allows storing data in blocks, which are linked by cryptography. With the help of it, each user has sole control over the data. Since blockchain doesn’t have any central points of failure, it’s almost impossible to hack it. While cryptography protects data at rest, multifactor authentication includes biometric verification, voice recognition, and user behavior analysis, becoming a new standard in 2024.

Security is not only a provider’s concern, businesses should also pay a lot of attention to security by making vulnerability tests, training their employees, find out about the latest threats and strategies on making clouds a secure place.

Mobile and Edge Computing Integration

In 2024, companies are integrating mobile and edge computing into their operations along with traditional cloud services. Dealing with data becomes closer to where it comes from, using 5G. This way you don’t need to rely on distant services, and you get more access to the data. This trend enhances data accessibility and effectiveness.

Real-time Cloud Computing: Leading the Way in 2024

One of the promising cloud storage technologies in 2024 is real-time cloud technology, which changes business operations. With the help of this technology, it’s possible to get instant access to resources and services, empowering quick decision-making based on real-time insights. This innovative approach enhances efficiency and safety across various sectors, including transportation.

Industry cloud platforms rise

Let’s take a closer look at Industry cloud platforms and the way they work. Industry cloud platforms are made to suit the specific needs of certain industries and companies that generic solutions don’t fully meet. Almost 39% of companies around the world are going to use ICPs by 2026. ICPs are not just about cloud infrastructure (IaaS), platform services (PaaS), and software-as-a-service (SaaS) offerings. ICPs turn a cloud platform into a business platform while also expanding a technology innovation tool into a business innovation tool.

Zero-emission clouds and sustainability

For the last decade, zero-emission and sustainability remains the number one concern. Many gigantic companies have already followed a zero-emission approach, some are only on their way. For example, Amazon has set a goal to reduce a carbon footprint by 2024, at the same time Microsoft is going to archive it by 2030. Also, Amazon, Microsoft and Google are intended to use renewable energy as an alternative to cover their 100% of operational energy.

Every year gives us something new again and again, and 2024 is not an exception. It’s a year of transformation and sustainability. New technologies, especially cloud computing technology, make businesses expand, unlock new potentials and improve their work quality. By adopting new technologies, companies can set new standards for a dynamically changing market. At Introduct, we harness the power of the most reliable clouds and blockchains to optimize our operations, ensuring efficiency and modernity in all aspects of our work.