The arrival and wide acceptance of advanced technologies like AI, ML, Big Data, Blockchain, and more have made cloud computing a pivotal force in the digital transformation of various industries. Within a short period, cloud computing has become a priority of most organizations. The pandemic has further raised the demand because organizations of all sizes started adopting cultures like work from home, remote management, and more.
But, the phenomenon of cloud computing is not that new for sectors like IT, Finance, and e-commerce as they have been using cloud-based products for a long time and are benefiting from it now. Amidst all this transformation, there still are sectors like the manufacturing industry that are coping with the scenario and have a long way to go to utilize the full potential of cloud computing and with the pandemic not showing any signs of immediate halt, no industry would want to get hampered again with any possibility of lockdowns.
In that case, the coming year can be crucial to get that required business boost and achieve the set business milestones. As far as the stats are considered, according to a report by Nasscom, enterprises’ spending on cloud computing is expected to rise to $7 Bn by 2022. Another report by Market research future states that the manufacturing sector is forecasted to attain $111.9 Bn worth of cloud computing investment by 2024. These stats are evident enough to signify the increasing demand and speedy adoption of cloud computing-related services in the manufacturing sector. Apart from this, the FDI inflows in India in the previous decade make it clear that the demand from the manufacturing and the IT sector in the country is further going to rise, hence the sector needs to be future-ready in that sense.
The road ahead of cloud computing in the manufacturing sector
Talking about the manufacturing sector, the key always has been to fulfill speedy delivery of larger orders & requirements all being affordable and flexible at the same time. These needs of the industry can be fulfilled by cloud computing, as for the sector,
It can help businesses better serve their customers by automating certain features to free up more time for additional customer attention, provide higher security for customer details and information, and in some cases provide better and faster access to information or services.
Hybrid cloud computing provides businesses with a software service solution that enables them to approach business more flexible and adapt to changes and meet customer needs faster.
https://is.gd/NBPmt3 What is hybrid cloud computing?
Apprenda, a cloud platform provider, defines hybrid cloud computing as, “an infrastructure that includes links between one cloud managed by the user (typically called “private cloud”) and at least one cloud managed by a third party (typically called “public cloud”)…The idea behind hybrid cloud is that businesses can use it to take advantage of the scalability and cost-effectiveness offered by the public cloud computing environment without exposing mission-critical applications and data to the vulnerabilities associated with the public cloud option.
These are inherently helpful to the financial services sector, which needs to make money, save clients money, and offer fast secure services.
Capital One updated its technology to be cloud-based to help them better meet their customer’s changing needs and the evolving landscape of finance and banking.
Proponents of cloud computing point to reduced environmental impact, cost-effectiveness, and data mobility.
Detractors cite security issues, customer service woes, and server downtime as downsides.
Review quick look at the pros and cons of public, private, and hybrid cloud storage.
Companies can use a hybrid cloud to mix their data centre and private cloud with public cloud resources like Software as a Service or SaaS.
Between the two infrastructures, software contact points facilitate transport data back and forth as needed.
