The latest cloud computing trends in 2019

It’s 2019, and the Cloud is everywhere—from the apps we use every day to the infrastructure of global tech giants.

According to researchers at Gartner, revenue generated from public cloud services is projected to grow 17.5 percent in 2019. This amounts to a total of $214.3 billion, up from $182.4 billion in 2018.

More than a third of organizations surveyed by Gartner saw cloud investments as a top three investment priority. With this kind of growth, tech organizations are racing to get onboard with cloud-only software and platforms. Here are some of the trends to look out for this year:

Hybrid Cloud, Multi-Cloud and Mergers

IBM announced its purchase of Red Hat last October, calling it the “most significant tech acquisition of 2018.” This combined Red Hat’s extensive network of open-source clouds with IBM’s Hybrid Cloud team.

Mergers like these are likely to become a trend this year, as companies see the vast benefit of using multiple clouds across all sectors of their organization. Furthermore, this system will dominate in the future, as businesses find public clouds inadequate to meet every one of their requirements.

As a more flexible and functional solution, many organizations will shift to a network of multiple private, public and hybrid clouds in the coming years.

Serverless Cloud

Serverless computing is a young market in technology, but it will continue growing in 2019. Serverless computing isn’t actually “serverless.” Instead, it is a cloud-computing model in which the cloud provider itself runs the server on a dynamic, as-used basis (FaaS).

Rather than buying server space, developers can simply use a back-end cloud service to code, only paying for the server space they actually use.

As this relatively new technology develops, we can expect to see more companies providing and expanding their “serverless” offerings.

Artificial Intelligence

Although cloud technologies are growing exponentially, artificial intelligence (AI) could prove an even greater economic driving force. This is because according to Accenture, the impact of AI could double economic growth rates by 2035 in developed countries. 

Around 80 percent of large companies have adopted some form of AI, according to the Harvard Business Review.

Amazon, Twilio and Nvidia, to name a few, are thus, incorporating AI with cloud computing, next-gen GPUs and the Internet of Things (IoT). This has led to the developing of applications with “smart assistants,” and voice-to-text technologies.

Such a combination of AI and the cloud provides an extremely powerful and unconstrained computing network.

Security

Digital transformation is already underway, with Gartner also projecting that 83 percent of all workloads will shift to the cloud by 2020. However, this movement presents issues of cybersecurity.

Many businesses have not properly secured their cloud-stored data. For example, marketing and data aggregation firm Exactis left around 340 million records exposed on its cloud servers. This was uncovered in a data breach last year.

Mitigating factors

The implementation of the General Data Practice Regulations (GDPR) makes this even trickier. The GDPR affects cloud security, and IT companies will likely struggle to comply with these new laws while protecting sensitive information.

Cloud computing services are progressing exponentially, as are their new developments. As a result, 2019 will surely be filled with businesses pouring investment into enterprise solutions. This while expanding, securing and implementing cloud technologies to their fullest extent.

Bridget is a freelance writer and editor, and the founder of Lost Bridge Blog, where she writes about traveling as a Millennial woman on a budget. When not writing, you can find her traveling, drinking inhuman amounts of caffeine and scrolling through the latest tech & political news.
N26 Bank
N26 Bank

Vocations of the Future

There is a lot of banter, which is backed up by well-research papers on how Automation and Robotics (powered by machine-learning systems) will replace jobs in the manufacturing and labour-intensive industries.

Blue-collar jobs are not the only ones however, that face imminent and progressive extinction.

A recently survey report conducted by the World Economic Forum predicts futuristic trends affecting certain jobs in the modern workplace.

Robert Solow predicted decades ago, in his Solow-Swan model, a massive driving force of global growth: technology.

And the evidence is prevalent with the likes of Apple, Microsoft, Google and Amazon championing stock markets with Billion-dollar market capitalizations and in the process creating an abundance of jobs globally.

250x250

Disruptive technological advances such as AI (Artificial Intelligence); the ubiquitous high-speed mobile Internet (5G); widespread adoption of big data analytics; cloud technology; and the recent Blockchain technology will be the drivers of this job evolution.

Based on the report, by 2022, this job evolution will be firmly in place as it has already.

In a matter of just 4 years, we could have a situation where jobs such as postal service clerks, data entry clerks, and bean-counters (accountants and auditors) would be made redundant.

Impact on services

Software like Microsoft’s Dynamics 365, aims to remove ‘silos’ within customer relationship management (CRM) and enterprise resource planning (ERP) processes.

The latter takes over (fully automates) back-office operations such as stock-taking and supply chain management.

Such tasks will be performed via software, reducing the need for more human supervision. Consequently, the focus would be more on managerial roles.

In the sales and customer service realm, technologies like Microsoft’s AI will provide automated insights to guide employees on improving customer experiences.

Furthermore, it may lower support costs by using virtual agents or Chatbots to eliminate in-house AI experts and those writing code. This will  result in more redundancies!

World's jobs

On a positive note, newer and more exciting jobs such as data analysts, machine learning and AI specialists, digital transformation experts and in general information system services will be on the rise – up to 135 million globally, according to the Report.

The fields to benefit directly from new technologies would be information technology; information security; innovation; customer services and risk management (financial services).

Impact on finance

Another group of professionals whose nature of work will be affected due to the advent of ‘disruptive technology‘ are financial middlemen. Likewise, smaller banks and money transfer institutions.

Decentralised systems were primarily put in place to eradicate extra fees associated with transferring money across borders, and from one account to another. This because fees increase due to such intermediaries (financial middlemen).

Cutting them out completely undoubtedly renders them redundant. It is therefore pertinent for them to innovate their products in order to open up sufficient job position.

Read more about the effect of Cryptocurrencies on the banking sector here

Recently, Malta’s finance minister whilst in a private interview during a Blockchain Conference, echoed this. He said that the advent of cryptocurrency has changed financial middlemen into traditional “photo developers”.

“I can see this, just like in photography when you could tell that […] those who process the photos will lose their jobs; a lot of financial intermediaries will be facing the chop in the not too distant future,” says Edward Scicluna.

The good news for governments will be that the trend shows that the jobs created will surpass those lost.

Be proactive and skill yourself accordingly or get the right personnel who can quickly adopt some of the mentioned skills so that you do not fall behind!