As more and more enterprises follow a “cloud-first” strategy, cloud spending will continue to rise in 2022. As per a recent Gartner report, global cloud revenue is estimated to increase from $408 Billion in 2021 to $474 Billion in 2022, and this trend will continue for the next few years.
Here are the top 5 cloud analytics trends to watch in 2022.
#1 Cloud cost optimization will be a top priority for Tech Leaders
Rising cloud consumption costs will become a key concern for enterprises, and managing them will be a high priority in 2022. Unmonitored consumption could result in quick budget exhaustion without delivering the promised ROI. This could derail an enterprise’s entire cloud strategy.
As per a report published by Forrester, tech leaders would need to formulate strategies to tackle wasteful cloud usage and control exploding cloud spends. They would need tools and technologies that help them monitor usage and optimize their costs. Besides reactive controls, tech leaders would need to build efficient architectures that help them prevent wastage without putting limitations on the analytical needs of the users.
#2 Enterprises will need a way to counterbalance challenges such as latency on the cloud
As enterprises move a majority of their workloads to the cloud, latency in accessing data will become a significant issue. According to IDC, the amount of digital data created over the next five years would be twice the amount created since the beginning of digital storage. Another study estimates that there will be over 100 zettabytes of data in the cloud by 2025.
At a recent Gartner IT Infrastructure, Operations & Cloud Strategies Conference, experts pointed out the need for strategies to counterbalance challenges such as latency on the cloud. Speed of analytics will become a critical KRA for data-driven organizations in the next few years.
#3 Use of cloud-native technologies will dominate digital strategies
As per Gartner, more than 85% of organizations will adopt a cloud-first approach by 2025. They would not be able to execute their digital strategies without using cloud-native architectures and technologies.
Anything non-cloud would be considered legacy, and digital investments would include only cloud technologies. It is predicted that cloud-native platforms will be the foundation for more than 95% of new digital initiatives by 2025 — up from less than 40% in 2021.
#4 Lift-and-shift approach will lose sheen; scalable and elastic will be the new buzzwords
Most enterprises adopt the lift-and-shift approach under pressure to migrate to the cloud quickly. Though easier, it brings along its own challenges and often fails to deliver the promised benefits of the cloud. It is predicted that enterprises will turn away from the popular “lift and shift” approach and move towards cloud-native technologies.
They will focus on developing and deploying products that use the cloud’s architectural principles and core capabilities such as its elasticity, flexibility, scale, etc. By shifting focus from “cloud-compatible” to “cloud-native,” enterprises will be able to reduce costs and leverage the full benefits of the cloud. It would be easier to scale and build future-resilient systems.
#5 CIOs will focus on a fit-for-purpose cloud strategy that aligns with business objectives
Business and tech leaders know that it is crucial to deliver business value to justify cloud investments. However, they also understand that business value cannot be realized without a fit-for-purpose cloud strategy. Gartner recommends enterprises get rid of the belief that the cloud is always cheaper and focus on the strategic benefits of the cloud.
As CIOs leverage the cloud to drive innovations, they will build cloud strategies that align with business objectives and enhance the decision-making capabilities of the enterprise. The cloud will be used to power growth, improve customer retention, and build more efficient businesses instead of just being another good-to-have technology.
Looking Ahead
As per IDC worldwide, “whole cloud” spending, including services, hardware, and software components, will reach $1.3 trillion by 2025. Enterprises will need tools and technologies that help them leverage the cloud to realize their business objectives.
Kyvos is a cloud-native platform that helps enterprises maximize ROI on the cloud. Powered by its patented Smart OLAP™ technology, Kyvos accelerates BI on massive cloud datasets, enhancing the decision-making capabilities of users across the enterprise. The platform delivers several benefits, including lower costs, higher performance, higher elasticity, and the ability to scale analytics to include as much data as needed.
Some of the key features that make Kyvos a true, cloud-native, futuristic platform:
- Cloud-native design leverages the native elasticity and scalability of the cloud to deliver high-performance, enterprise-wide BI.
- Advanced OLAP technology eliminates latency issues on the cloud, providing sub-second responses even on trillions of rows of data.
- Autoscaling capabilities and build-once-query-multiple times approach help cut down cloud BI costs significantly.
- Self-service analytics for thousands of users delivers measurable business outcomes.
To learn more about Kyvos, request a demo now.