Annexure 2: Industry Trends – Emerging Cloud Technologies and Their Potential Impact
Abstract: Emerging cloud trends focus on hybrid/multi-cloud, edge computing, serverless and cloud-native architectures, AI/ML integration, and sustainability , all poised to drive business transformation through increased efficiency, scalability, security, and innovation. These technologies enable real-time data processing at the edge, streamlined application development, and more intelligent, personalized cloud experiences, though they also present new challenges in security and cost management. Key Emerging Cloud Technologies and Trends Hybrid and Multi-Cloud Strategies : Businesses are adopting hybrid and multi-cloud approaches to enhance flexibility, resilience, and avoid vendor lock-in, balancing public and private cloud options for different workloads. Edge Computing : Processing data closer to its source (at the "edge") reduces latency, improving performance for IoT, AI-powered applications, and real-time decision-making. Serverles...