How has Cloud Technology helped industries during the COVID-19 Pandemic?

How has Cloud Technology helped industries during the COVID-19 Pandemic?

The Covid-19 pandemic has transformed the way how organizations work and operate. It leads to an unprecedented increase in the volume of employees working remotely using conferencing and collaboration services. To make this transition easy, there is huge pressure on back-end support services and networks that connect users to multiple services.

However, most of the organizations are in the early stages of the cloud adoption Covid 19. But certainly, this pandemic has been a catalyst of the proliferation of all digitalization strategies where the cloud appears as a key enabler.

Succinctly putting, Digital adoption has taken a quantum leap on all industry levels and cloud computing during Covid has a significant contribution to this shift. 

Today, the adoption of cloud computing is not a giant step towards innovation, it is imperative for survival. Every organization needs a smooth and efficient collaboration, communication, and delivery of services during this crisis. Here the phenomenon of cloud computing comes to the rescue and taking up every challenge without a little disruption.

Figure out the adoption rate by witnessing this survey and find out the impact of covid on cloud computing

A recent Markets and Markets survey reveals that the global cloud computing market size is projected to rise from $371.4 billion in 2020 to $832.1 billion by the end of 2025.

Here is how cloud computing technology has benefited companies during covid 19 pandemic and why it has become a de facto choice for managed IT services offered in the Covid-19 era Cloud Growth.

Cloud computing: Facilitating a stable platform 

Microsoft Office 365 (productivity app) and Microsoft Team (Collaborative app) are Cloud SaaS services that have reduced the dependency of organizations on internal servers. Now, businesses across the globe can communicate internally without any disruption and serve their customers.  

It is pretty impossible to maintain 24x 7 uptime and monitoring over the IT staffing due to the remote working model. But relying on the cloud reduces this excessive burden on the internal team’s shoulders and automation keeps the uptime.

Another reason on how cloud computing technology has benefited companies during covid 19 pandemic.

Cloud Computing: Establishing top-notch security measures

Cybercrimes and online frauds are inevitable in this digital era. Unfortunately, these attacks have become out of hand during Covid-19. In 2020 alone, about 16 billion records have been exposed as per IT Brief Reports. In a new form of cyber attacks, attackers are demanding money in the veil of fundraising organizations and using personal information to infiltrate businesses’ critical infrastructure.

Employees working remotely are getting emails impersonating CEOs or internal departments that lead them to share access to important documents. To do away with these attacks, internal communications have to be protected with multi-layer authentication and email security has to be configured with secure cloud environments. 

To be double insured, organizations tend to organize virtual programs on state-of-the a-art Cyber Security measures for the employees.

Cloud Computing: Acting as Managed Service Providers (MSP)

To support remote working, organizations require extra hardware. Buying everything is not gonna help you and we don’t recommend it either for that matter. The Smart approach is to reach the MSPs to tackle the network needs. 

First, understand what MSPs are. They deliver services, like network, application, infrastructure, and security through their own or third-party data center with administration control in the organization’s premises.

Deploying collaborative tools like Microsoft teams and opting for advanced software subscriptions to add more users will help.

Plus, organizations can migrate or upgrade any internal IT project on the cloud to shed workload from on-site infrastructure. MSPs are customized as per the requirement so they can prioritize uptime, availability, and ensure optimal performance across all the tasks.

Providing easy access to online data backup solutions

Data is the new currency of this new digital world. And the rate at which it’s flowing, it is literally impossible or much expensive for on-premise servers to hold and process it. Especially, in the healthcare sector where data is the primary asset and the system can’t afford any scope of any marginal error to save and process it. In this case, Cloud computing comes to the rescue. It provides access to a large amount of online data back-up on a real-time basis without any disruption. 

Enhanced communication and connections 

Cloud computing tools keep multiple teams and colleagues connected during this pandemic. It makes teamwork easier & efficient without any disruption. As per the trends, Office 365, Microsoft Teams, Slack, and Zoom are making it easy for teams to communicate, ensuring the exchange of bits and pieces of information among teams and individuals.

The most amazing thing about these tools is that there is no technicality involved to operate them. Just sign in with the required information to communicate thoroughly.

This enhanced connection is more important than you may think. Many employees may be completely new to working at home, and the required skills don’t always come easily. 

Empowering companies to focus on strategy 

However, the attributes of cloud computing are known worldwide. But this pandemic has highlighted these attributes and made sure for the organizations to adopt them for their very survival. Now, there is an unprecedented increase in cloud usage and the infrastructure makes it less expensive and empowers companies to focus on productive decisions rather than managing their network infrastructure and other computing needs.

Undoubtedly, a major shift to working from home has given cloud-based services a significant boost. But its applications can be witnessed across all the industries. 

And yes, if these industries integrate the cloud into their core operations, providers will come up with more tools and solutions dedicated to the industries. To make things clear on how cloud computing is applicable for other industries, we have listed 4 industries that can directly benefit from cloud computing:

Automotive Industry

The auto industry original equipment manufacturers (OEMs) are majorly affected covid 19 impact on cloud computing market. One can showcase the entire collection of cars virtually through the apps. 

Or the customers can self go through the inventories and find the store. Covid 19 cloud growth empowers automobile companies to store inventories and data in one centralized location. It helps them to serve the customers with a more personalized & customized experience. Anyways, if you can deliver relevant info to the customer instantly, you can better channelize your sale 

As per Adroit Market Research, “ The global market size for cloud computing in the automotive industry is anticipated to reach USD 9.62 billion by 2025.”

Education

With cloud technology, educational institutes are scaling new avenues. It helps students, teachers, and administrators in an equally efficient way. With the technology, students can access all the information in one place. For instance, students can access the study material and homework, and teachers can instantly upload all the notes and material on the same platform. Thus, it improves the collaboration between the administration and students. Plus, it reduces the overall cost and promotes a better learning environment in totality.

As per Markets and Markets Research, “The cloud computing in education market is expected to grow from USD 8.13 billion in 2016 to USD 25.36 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.6% during the forecast period.”

Financial

Cloud computing is destined to make wonders in the financial industry. It can assist them with data protection, secure transactions, and initiate timely transaction alerts for the recovery of bad loans. With Class 1 data centers and Tier-3 data centers, the institutions can place top-notch security to prevent any fraud and discrepancy in transactions. The cloud-based model also paves the way for a shorter development cycle for new products 

Healthcare 

Data is very crucial in the healthcare sector for very obvious reasons. First, the fast processing capabilities of cloud computing can significantly reduce medical errors. Secondly, the healthcare institutions have many electronic medical records, patients profiles, and millions of other entries. 

Cloud computing empowers these institutions to act analytically on the data and save the capital in maintaining physical servers for it.

With this capability, doctors can now easily opt for personalized treatment and medicine. As they can analytically act on any individual patient data in real-time.

As per the report published by Expert Market Research, “The global personalized medicine market size was estimated at USD 1.8 trillion in 2020 and is expected to grow over the forecast period of 2021-2026 at a CAGR of 11.2 %”.

A Road to Conclusion 

This post-pandemic era is not just posing an opportunity for organizations looking for cloud adoption during covid. Cloud providers should keep an eye on the significance of cloud computing during pandemics and its ongoing impacts. The providers must showcase and increase their ability to handle the ever-increasing workload on servers and build confidence by stress-testing their data centers.

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