By Kiran Minnasandram
In the ever-evolving tech landscape, the convergence of artificial intelligence (AI) and cloud computing is a game-changer, reshaping how businesses operate and innovate. This is more than a technological advance; it’s a paradigm shift in the digital business world.
Cloud computing is the cornerstone of the AI revolution. The cloud offers scalability, adaptability, and cost-efficiency crucial for unleashing AI’s full potential. In 2024, global spending on public cloud services is expected to hit nearly $600 billion, highlighting the cloud’s pivotal role in the digital business’s next phase.
In the current environment, the cloud transcends its tech tool status, becoming a catalyst for enhancing customer experiences and creating new revenue streams. By 2028, over 50% of enterprises are expected to use industry cloud platforms.
Getting the right mix
The rising adoption of AI has reshaped cloud computing dynamics. Cloud providers are bolstering their infrastructure to meet AI’s computational demands. Here are the key drivers:
Demand for enhanced computational capabilities: AI models, especially deep learning and GPT architectures, need significant computational resources. Cloud providers respond with AI-optimised solutions.
Expansion of AI services: Cloud providers innovate their services, making AI accessible to businesses without AI expertise.
Centralisation of data: The cloud offers streamlined data storage, processing, and scalability, facilitating AI model deployment and refinement. Looking ahead to 2024, several trends will redefine the AI landscape:
Interactive AI: Real-time adaptability and contextuality in customer service will make virtual assistants more responsive and context-aware.
Re-emergence of edge computing: Ultra-low latency tech will revolutionise edge computing, benefiting industries reliant on immediate data insights.
Sustainable cloud focus: Major cloud providers emphasise green data centres and renewable energy, reflecting global sustainability concerns.
Emerging sectors
Retail, healthcare, financial services, entertainment, and media are poised for significant cloud adoption. Retail will personalise solutions; healthcare will improve patient care; financial services will enhance digital transactions; and entertainment/ media will optimise content delivery and storage.
Embracing the future
Navigating the future of business tech means embracing AI and cloud collaborations. Sectoral shifts, regulations, and the economic landscape will shape enterprise cloud strategies. Leading with a strategic vision that harnesses AI and cloud potential is crucial. In this transformation era, it keeps us relevant and positions us as architects of a future; where tech fuels growth and innovation.
The writer is CTO—FullStride Cloud, Wipro
