Top 8 Use Cases of Cloud Technologies in 2024

Cloud computing has matured significantly since its early days. While core benefits like remote access and cost-efficiency remain, the way organisations leverage the cloud has definitely transformed. This shift is driven by the ever-increasing capabilities of cloud services.

In 2024, cloud technology offers a strategic advantage, empowering businesses to be more efficient, scalable, and adaptable. Here are the top 8 use cases that demonstrate the power of cloud computing in today’s landscape:

1. Artificial Intelligence and Machine Learning (AI/ML)

With the recent emergence of Artificial Intelligence (AI) and Machine Learning (ML), these technologies have seen increasingly prevalent use among businesses worldwide. This is because they are now readily available as part of cloud computing services. AI/ML-powered cloud computing services enable advanced predictive analytics, providing valuable insights and patterns that can help businesses gain leverage and scale quickly.

While some businesses are capable of building and maintaining their own in-house AI infrastructure, AI and ML require a massive amount of processing power and data storage. Cloud-based AI/ML is often the preferred option due to cost-effectiveness, as it can be rented as a service through platforms like Amazon SageMaker or Google Cloud AI Platform.

2. Multi-Cloud

Multi-cloud has become a well-established strategy for organisations seeking greater flexibility and control over their cloud deployments. It allows them to leverage a combination of on-premises private clouds, public clouds, and edge computing to build, access, and operate workloads and applications. This approach goes beyond consistent workload management, offering benefits like improved security, robust backup and archiving capabilities, centralised cloud management, and minimised vendor lock-in.

While multi-cloud offers significant advantages, it’s important to acknowledge the growing importance of hybrid cloud architectures (combining public and private cloud) for organisations with stricter data privacy needs.

3. Everything-as-a-Service (XaaS)

Everything-as-a-Service, or XaaS, is an umbrella term used to refer to any service offering delivered to users via a network (typically the Internet) on an as-needed basis, with pay-as-you-go pricing. This includes Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Disaster Recovery-as-a-Service (DRaaS), Platform-as-a-Service (PaaS), and more, offered by cloud vendors.

Organisations opt for XaaS because it allows them to adapt to market conditions quickly and conveniently. On top of its adaptability, XaaS enables cloud computing scaling – you only pay for the cloud services you need and use, converting capital expenditures into operational expenditures. A growing trend within XaaS is serverless computing, which offers even greater cost-efficiency for short-lived tasks by eliminating server management overhead.

4. Low-Code/No-Code Cloud Services

Low-code cloud services are the next step in the software development environment, allowing the development of digital solutions and applications with minimal coding. Low-code Graphical User Interfaces (GUIs) and their drag-and-drop capabilities help expedite software and application development.

No-code cloud services are development platforms that allow even those without any in-depth coding knowledge to develop and execute software or digital applications without writing a single line of code. They work similarly to low-code services, utilising drag-and-drop features.

Both low-code and no-code cloud services are now employed by organisations to increase development efficiency (reducing development time and cost) and bridge the gap between developers and other team members such as stakeholders and designers, allowing for better understanding and faster development times. However, it’s important to highlight the potential security risks associated with low-code/no-code development and the importance of secure coding practices.

5. Cloud Security and Resilience

The cloud isn’t just about scalability; it’s a game changer for security and resilience in 2024. Cloud providers offer robust infrastructure with advanced tools like AI-powered threat detection to shield businesses from cyber attacks. Businesses also benefit from disaster recovery solutions for rapid recovery from outages, and a wider range of security features compared to on-premises setups. This comprehensive security posture, coupled with the ability to scale defences as needed, empowers businesses to thrive in today’s ever-evolving threat landscape.

6. Edge Computing for Cloud

In 2024, the cloud is expanding its reach to the network’s edge. This is crucial for applications like IoT and autonomous vehicles that require real-time data processing. Edge computing allows data to be processed closer to its source, minimising latency and bandwidth usage.  Think of it as bringing the power of the cloud closer to the action for faster, more responsive applications.

7. Blockchain in Cloud Computing

The rise of blockchain integrated with cloud computing offers a secure future for data in 2024. Blockchain creates a decentralised network of nodes, making data tampering highly unlikely. This makes it ideal for storing and managing sensitive information like financial transactions, identity documents, and authentication credentials. Imagine the cloud collaborating with blockchain to create a fortress for your most critical data.

8. The Rising of Industry Cloud Platform (ICP)

The widespread adoption of cloud technology has led to a new wave of specialisation: Industry Cloud Platforms (ICPs). ICPs go beyond generic cloud services, offering environments tailored for industries like healthcare, finance, and manufacturing. This focus empowers businesses in several ways. ICPs come pre-equipped with solutions addressing common industry challenges, enabling faster innovation and adaptation. They are designed to meet specific regulatory requirements, simplifying compliance. Additionally, ICPs offer industry-specific data models and security protocols, ensuring efficient and secure data management. By leveraging ICPs, businesses gain a customised cloud experience that fosters agility, simplifies compliance, and streamlines data management in 2024.

Conclusion

Cloud computing offers a vast array of benefits and use cases for organisations in 2024. From leveraging AI/ML for deeper insights to embracing multi-cloud strategies for flexibility and security, cloud computing empowers businesses to be more efficient, scalable, and adaptable. As technology continues to evolve, we can expect even more innovative cloud-based solutions to emerge in the years to come.