This blog takes a look at some of the important trends in the fast-paced journey of cloud storage in 2021. The first is the rise of hybrid cloud storage that combines in-house cloud storage power coupled with resources of cloud storage providers. We also see a rise in multi-factor Authentication that fortifies cloud storage security. We also see a lot of applications made only for cloud computing. Lastly, we see a lot of action at the edge in an IoT setup.
Data storage has undergone a massive transformation in the last few years. The current scenario encompasses a landscape dominated by AI-enabled, all-flash, and automated model in storage technology. The proliferation of the Internet of Things, Artificial Intelligence, big data analytics, video marketing, and quantum computers have re-defined storage technology.
Enterprise cloud storage adoption reflects modern-day business demands
Enterprises struggling with disruption will transition to cloud storage to reduce costs, improve agility, and scalability. Because of the pandemic, many businesses and companies worldwide discontinued the work from office tradition and shifted to work from home tradition. It was estimated that around 92% of businesses re-imagined their business models and started storing their data online in the U.S. This helped workers to get instant access to data storage online. They were able to access enterprise data without any hassle from anyplace globally. These transitions explain the changes took place in storage technology, with a specific emphasis on cloud storage.
Impact of data processing and storage
The revenue generated by cloud data processing could touch $307 million in 2021, a 19% rise over the $258 million in 2020. On the other hand, cloud storage is designed to be expandable, available at any time, and abide by industry standards in safety protocols to data safekeeping. The intersection of these two technologies will ensure better outcomes from big data processing. But this advantage will call for a much higher storage bandwidth than traditional IT applications.
Impact of the pandemic on the increase in cloud storage adoption
IT experts predict that in 2021, roughly double the people will be using online storage and prefer will work from home. This means that the demand for cloud storage is only going to expand from here on. With more people needing cloud storage access, the providers will make sure to make cloud storage more widespread, flexible, and scalable.
What trends do we look out for? Now that it is established that data storage will continue seeing massive growth let’s now look at some interesting trends that will define the storage landscape in 2021.
1- Hybrid Cloud Storage
Hybrid cloud storage brings the best of both worlds – it combines personal cloud storage power of on-premises infrastructure with cloud-based storage solutions offered by third-party vendors with expertise in cloud storage.
Organizations will use the hybrid cloud because it gives us the freedom to shuffle job functions between on-prem and cloud storage systems quickly. This cloud computing method can also help organizations save on the CAPEX that goes into installing storage systems in-house and ensure cost-efficient business operations.
2- Multi-factor Authentication
As organizations move towards online work, BYOD, and WFH policies in this era of social distancing, security comes across as a concern. Enterprises will devise ways to make sure their cloud storage data is safe and secure at all times.
Since the data is now stored on public clouds, businesses need to be sure to add a secure firewall to prevent hacks. Therefore, multi-factor authentication will emerge as a reliable way to ensure that only authorized users access the data.
Two-factor authentication is already popular at the B2C level. Hence, users won’t have a learning curve coming up to speed on the occurrence of an additional layer of SMS/ OTP verification. The same principle can be applied to storage backups as well, so that business continuity isn’t impacted.
3- Applications primed for cloud computing
Employees will share the workload online with cloud storage, so it is only logical to design applications that would efficiently work in cloud storage as well. Existing applications might also need to be upgraded to be an ideal choice for cloud storage.
Since many organizations have moved their data into the cloud, these applications must be upgraded with cloud storage. It is vital to have applications that are cloud-native by 2021. One of the main priorities of companies in 2021 is to make sure their applications are all cloud compatible. This will place additional emphasis on higher cloud storage requirements for the data and files generated online.
4- Edge device data will drive storage demand
The adoption of cloud storage will be a strategic direction for many companies. But its impact will be felt the most on IoT and AI applications. They will have the widest deployment model with storage needs spanning data center to cloud to the edge.
Edge devices will produce a vast amount of information. The data generated will be sent to the data centers for further analytics. Improved cloud edge storage will alleviate the impact of latency on the applications.
2021 will only see a sharper proliferation of cloud storage technologies. This also means that organizations opting cloud storage will be at an advantage to strategically address the remote working needs. However, the cloud continuum is changing rapidly. Therefore, enterprises need to stay aware of the tectonic shifts to stay ahead of the rest and avoid making wrong purchase decisions.