CFO Tech Outlook Weekly Brief
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FREMONT, CA: Cloud computing platforms are proliferating across enterprises serving as the IT infrastructure driving new digital business. Enhanced automation and agility, need for delivering improved customer experience, increased cost savings and return on investment are the primary growth factors for investing in the cloud. However, data prone to cyber-attacks and lack of skilled labor may restrain the growth of the cloud computing market.
As the enterprises fuel the modernization of existing processes and applications for data insights derived from the data collected through legacy systems will set to increase the spending on cloud technologies. This will be enabled with investments into SaaS applications, cloud-native technologies, and functions. Companies are also vouching up for hybrid cloud environments to split data and workload between on-premise cloud, and public or enterprise managed cloud providers.
The future year will continue to see the democratization of technologies to cloud management tools and technology led by open source technology. The developer sphere will be a pivotal catalyst to drive this shift. The democratization wave will also include specialized services that focus on applications that suit individual organization or person.
With more enterprises moving to the cloud, the role of data engineers will unfold into new ways. It is predicted that data engineers are expected to have expertise in data processing engines. With organizations shifting their operations into cloud data engineering will become more critical for full-stack engineers and other digital skill officers. Enterprises will also appoint digital skill officers to create structure in their training efforts.
The drive towards containerization is also expecting a rise. Containers are specialized operating system virtualization used to run any application and plays a vital role in cloud implementations due to the portability they offer.
As companies employ cloud applications for new services and functionality companies will improve their legacy applications by leveraging the cloud functionality such as database technologies, IoT and Artificial Intelligence capabilities to help bring new life into the old feature.
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