Thursday, 11 August, 2022
Cloud growth August 2022
Cloud computing is growing at a rapid rate. The latest stats by Canalys, highlight cloud services spend has increased by 33% to $62.3 billion. The top 3 players in Q2 2022 have all seen a huge increase.
- AWS – 31% market share – 33% annual increase
- Microsoft Azure – 24% market share – 40% increase
- Google cloud – 8% market share – $45% increase
Thoughts and insights
In a post pandemic world, there has been a huge interest in digital migration. All major cloud suppliers are investing heavily in infrastructure to encourage the move to the cloud. Lower costs and ease of transformation have made this a lot easier than before. Companies are seeing huge benefits in digitising all operations as part of their digital transformation strategy. Some benefits include:
- Faster and integrated data management
- Data driven insights – AI, analytics
- Seamless user experience with better customer satisfaction
- Increased collaboration and agility of the workplace
- Reduction of human data processing and errors
- Lots more…
Despite inflation and the economic slowdown, we will probably see a continual increase in cloud adoption and investment into new technology. Mckinsey recently wrote about the $1 trillion worth of value that can be unlocked with cloud migration. This can be easily achieved across all industry verticals. Exciting times ahead.
About AI + Data + Tech + Fintech news – Best bites and insights
With the best bites and insights I try to highlight the latest news with valuable thoughts and insights. In fact, I invest many hours researching the latest AI, technology and business trends for all my clients. The knowledge is refined, distilled and combined with many other forms of analysis and knowledge in order to give the freshest and finest advice possible.
Feel free to contact me today
If you are a company in need of finding the right AI team or the right AI strategy/approach, please feel free to contact me. Whether you are start-up or multinational/government department, feel free to get in contact today and see how I can add value to your enterprise or organisation.