A walk in the Cloud: how cloud technologies and cloud companies have affected the economy
In the 1960s, the first concept of cloud computing was born. It was suggested as an “intergalactic computer network,” a system to interconnect people around the world and allow them to access programs and data from anywhere. Professor Ramnath Chellappa first used the term “cloud computing” in 1997. Salesforce.com came on the scene two years later, launching as the first established cloud company.
Debuting a platform for delivering business applications, this serves as the basic model offered by cloud computing organizations today. Amazon Web Services and Google Apps followed suit throughout the early 2000s, with Amazon Web Services, Elastic Compute cloud and Google Apps.
With all the technological advancements of the Cloud, how has it transformed our business world today?
In 2015, 63% of businesses used private cloud services. An astounding 88% of businesses used public cloud services. 82% of businesses use hybrid cloud services (a public and private combination). Experts predict that by 2016, the Cloud will store 36% of all data.
The Cloud also saves everyone from small business and to the U.S. federal government money. It saved $5.5 billion per year by turning to cloud-based platforms. 64% of private companies have reported reduced waste and lowered energy consumption since shifting to the cloud. Businesses also report improved security, service availability, increased data efficiency, lower operating costs and transformative impacts on their operations.
But, that’s not to say that the Cloud isn’t a great way to spend money as well. Cloud computing spending by small businesses will reach $16 billion in 2015. By 2020, cloud computing is anticipated to be a $270 billion industry. Service apps are predicted to be largest cloud service at the end of 2015, coming in at $67.4 billion.
Big Players in Cloud Computing
Consumers too are benefitting from the Cloud without even knowing it. A whopping 95% of Americans use services in the cloud. However only 29% actually reported using the cloud. 14% have pretended to know what the cloud is in a job interview. 17% have done so during a first date. 10% are honest and say they have never heard of the cloud.
You use the cloud without realizing it if you are connected to Spotify, Netflix, Xbox Live or Hulu. If you plan on using Nest Labs, GE WiFi Connect or BMW ConnectedDrive, you also connect to the cloud in more ways than you ever thought possible.
Practical Applications for Businesses
At Soliant Consulting, we take a great interest in the evolution of our technology world. The software we create for our clients has to make an impact for their organizations and grow as their businesses grow. We bet on Salesforce a few years ago and it’s been gratifying to see the company lead the industry.