Cloud technology has become an important tool for business and a practical method for storing and sharing data. Since the pandemic made remote working possible, adopting cloud platforms has become more relevant for a lot of companies.

According to Gartner, Inc., global public cloud spending will reach $591.8 billion in 2023, up from $490.3 bn in 2022. This is greater than the 18.8% growth predicted for 2022.

The elasticity and scalability of the public cloud lower the financial risk of innovation while providing corporate agility when it is most needed. According to Gartner, businesses will actually spend more by 2025 on public cloud services than on conventional IT systems.


Multi-cloud strategy starts taking shape

If 2022 was the year of hybrid cloud, then 2023 might be when companies finally start to realize the benefits of distributing their services among different cloud providers. A multi-cloud approach is the method used in this situation, and it has several benefits, such as increased security and flexibility.

Additionally, it prevents businesses from becoming overly reliant on a single ecosystem, which can be problematic when cloud service providers modify or discontinue support for specific applications. It contributes to the development of redundancy, which lowers the likelihood that downtime or system errors will have a great impact on the company’s operations.


Higher spending on cloud security and resilience

 Large opportunities, efficiency, and convenience come with cloud migration, but it also exposes businesses and organizations to a new set of cybersecurity vulnerabilities. Furthermore, the possibility of fines or, even worse, losing the trust of their clients is a serious issue because of the rising body of legislation governing how businesses can hold and use personal data.

Spending on cyber security and increasing resilience against data loss will take on even greater importance in this year. The emphasis will likely be on finding creative and economical ways to maintain cyber security nevertheless, in order to get the best result for little cost as many organizations attempt to slash costs in the face of a predicted economic slump. In 2023, this will translate into increased use of managed “Security-as-a-Service” providers as well as AI and predictive technology aimed to identify dangers before they cause issues.


Enhancing data security through AI-ML solutions

This year’s hottest subjects are artificial intelligence (AI) and machine learning (ML), as capabilities advance, and tools become more widely available.

The cloud has been a key element of artificial intelligence. It is being used more frequently by business organizations to improve communication. Infrastructure management and user traffic routing are both using machine learning.

Building your own AI infrastructure is obviously not an option for the majority of businesses because it takes a lot of computing power and storage to gather data and train algorithms. However, because of the cloud, organizations can still take advantage of all the benefits that AI and ML have to offer.

For typical use cases like personalized recommendations, contact center modernization, security improvement, and greater customer interaction, there are companies that offers a variety of AI services. For businesses wishing to approach AI and ML, low-code and no-code solutions are even becoming more readily available, but we will talk about this later in the article.

Cloud providers are committed to developing and extending their AI and ML services, from improving data security and generating more individualized cloud experiences to boosting cloud automation and enhancing self-learning capabilities.


Low-code and no-code solutions

Organizations are increasing productivity, reducing effort and costs associated with development thanks to low-code and no-code developments. By utilizing low-code trends in 2023, businesses are reducing the time it takes to develop software and applications.

Technical and non-technical professionals within the organization are able to create and design applications with the aid of low-code/no-code development platforms. The graphical user interface takes the place of manually coding software, allowing non-developers to participate in application development.

Low-code and no-code tools save costs by 70% and setup times by as little as three days as compared to comprehensive IT modernization, which can take one to two years. It shouldn’t come as a surprise that most of developers either use no-code presently or want to do so In the near future, according to the ISG Provider Lens™ Focal Points reports.


Final thoughts about cloud computing trends for this year

Even though some businesses still combine traditional and cloud-based technologies to operate, the days of only using on-premises systems are starting to fade. As more firms adopt the improvements in computing power, scalability, and flexibility that cloud-based systems enable, cloud adoption will continue to increase in pace.