Oracle’s Cloud Computing Predictions Beyond 2020

Asia Blockchain Review
May 25, 2020

When we talk about cloud computing, it’s always looked upon as a game-changer. It’s all about immediacy. Companies are able to get a real-time view into their data, thus bringing about instantaneous insights. 74 percent of businesses say the cloud will give them a competitive advantage. But let’s clear up a few things first. Not all clouds are created equal. Legacy systems with Infrastructure-as-a- Service (IaaS)  and Platfrom-as-a-Service clouds were from the first-generation type of offerings. These days, things are different. Second-generation cloud models are designed for Industry 4.0 with technologies that drive the modern enterprise. Artificial Intelligence, Machine Learning, Blockchain, Internet Of Things (IoT) and real-time analytics.

The Cloud Is Here To Stay

A recent report from Oracle on the Top 10 Cloud Predictions For 2020 has stated that 70 percent of IT decision makers believe cloud computing makes them more agile. Companies that adopt cloud services experience a 20.6 percent average improvement in time to market. 49 percent of enterprises see faster time to deployment as a key reason for migrating to a modern cloud. By 2025, Oracle expects to see more and more enterprises embrace a next-generation cloud model to achieve unprecedented degrees of automation. Around the same time, Oracle also believes there will be 600 times more sensitive data being shared in the cloud, and this brings with it corresponding increases in threats too. More importantly, by 2025, they also predict 100 percent of enterprise applications will include some form of embedded AI.

A Hyper-Connected Cloud Ecosystem

Another bold prediction in the Oracle report states that 100 percent of supply-chain apps will depend on augmented reality, virtual reality, blockchain, machine learning and IoT. For example, in manufacturing, self-learning techniques and natural-language processing (NLP) technologies can help automate demand forecasting, predictive maintenance and fulfilment. AI algorithms can eliminate the need for human decision making altogether, in some cases. Virtual Reality (VR) and Augmented Reality (AR) are also making it more immersive for employees too. 3D renderings and voice-controlled assistants can also look up product information and also present insights from IoT sensors. Blockchain then lends a hand by curtailing counterfeiting and improving visibility and traceability. Blockchain deregulates global supply chains that formerly relied on centralized governance models, creating decentralized, distributed, and digital records of transactions that are anonymous, tamper-proof, and unchangeable.

Cloud Automation Is The New Normal

Automated business processes will enable more personalized interactions in HR, sales, and other business domains. AI could be used to identify top candidates for jobs, and chatbots could communicate with them and schedule interviews too. It is predicted by Oracle that by 2025, 70 percent of recruiting will be taken over by AI and bots. There are also estimates that 80 percent of sales will be automated enabling sales reps to focus on relationship building and customer engagement. The rise of IoT could also see at least 80 percent of major cities using it for Smart City initiatives too. This will then give rise to data science that will be increasingly automated and embedded in analytics and data management systems.

Data Scientists Are Coming

By 2025, based on current trajectories, there will not be enough data scientists to meet rising demand. AI and ML technologies will automate larger portions of data science tasks, freeing up data scientists to determine most relevant findings. Thousands of new roles will be created and it is imperative for companies of all sizes and geographies to adopt a next-generation cloud—a cloud that is designed for the modern enterprise, and that yields unprecedented scale, efficiency, and security.

Source: Oracle

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