67% of enterprise infrastructure is cloud-based. An increasing number of businesses have been adopting cloud-based solutions since the beginning of the pandemic and don’t show any signs of slowing in their uptake of cloud-based solutions.
How is cloud-based technology helping major business sectors, and how quickly is the market growing? Keep reading to learn about the emergence of cloud-based technologies in the post-pandemic climate.
Cloud Market Growth
The pandemic forced businesses to turn to cloud-based technologies to keep their businesses operational and profitable while employees work from home. This caused a significant shift in the cloud market.
Based on a 5-year compound annual growth rate (CAGR) of 17.5%, the cloud market is expected to grow from $225 billion in 2019 to $500 billion by 2023. Cloud market growth does not show any signs of slowing as more cloud-based technologies emerge to increase convenience, remote collaboration, and remote management across many major business sectors.
Cloud-Based Technologies Appear In Most Major Business Sectors
Cloud-based technologies are implemented in most major business sectors and can increase convenience in many different departments.
Cloud-based technologies are revolutionizing how hospitals handle patient data and perform daily operations. Here are just a few examples of the uses of cloud-based technologies in the hospital sector:
- Storing healthcare data – cloud-based digital storage for healthcare data such as insurance information, patient medical records, and prescriptions will be stored on the cloud. This ensures that all healthcare professionals have access to the most up-to-date information and allows for more data storage space.
- Telemedicine – cloud-based technologies are making medical care more accessible for patients with e-consults and video conferencing appointments.
- Improved patient experience – cloud-based technologies allow patients to view their real-time patient data, such as test results and doctors’ notes, making them feel more involved in their healthcare.
Supply Chain And Logistics
Warehouses and supply chain businesses benefit from cloud-based technologies’ capabilities, allowing for more accurate data and increased insight into warehousing operations.
Here’s how supply chain and logistics companies are benefiting from cloud-based technologies:
- RFID inventory management – warehouses can implement cloud-based technologies to increase the accuracy of inventory management processes. Rather than performing manual data entry, warehouses can use RFID bar codes and cloud-based systems to ensure no human error in the inventory management process.
- WMS – cloud-based warehouse management systems offer more scalability for storing and managing warehouse data than traditional WMS. These types of systems can also be easily integrated with cloud based video surveillance systems to help with inventory management and anti-theft
Cloud-based technologies increase students’ educational autonomy and make learning resources more accessible. Here are some of the ways educators are implementing cloud-based technologies:
- Affordable study resources – by making study resources available online, educational institutions can ensure students access the resources they need without spending money on hard copies.
- Collaboration – students can access real-time data and collaborate on projects remotely, making group projects less time-consuming and more convenient.
- Administration – rather than handling paper documents and having students submit work by hand, educational institutions can implement online submission platforms for tasks, allowing students to submit work anytime, anywhere. Storing this data online also removes the risk of paper copies being lost.
Emerging Cloud-Enabled Technologies
Cloud-based technologies perform many functions. Below are some of the most popular emerging cloud-enabled technologies that can improve daily operations in most business sectors.
- Cloud-based security – cloud-based security allows for the integration of security tools, allowing businesses to store data from different devices on a single unified platform. Cloud-based biometric access control systems ensure that only authorized users can access the property, and cloud-based video security allows for remote viewing of security camera footage.
- Cloud-based office software – storing documents, spreadsheets, and presentations on cloud-based office software allows for real-time data to be readily accessible for remote workers and allow more than one person to collaborate on a document from anywhere remotely.
- Cloud-based workflows – businesses can better track employee productivity with cloud-based workflow tools, gaining a centralized overview of their projects, deadlines, and time management.
Cloud-based technologies continue to grow following the pandemic as more technologies become available. The benefits of cloud-based technologies aren’t sector-specific, and many sectors are implementing cloud solutions to improve accessibility and collaboration.