In many ways, 2022 has been a year of growth for the cloud technology space. Unpredictable macroeconomic developments caused many organizations to think about and prepare for bigger profits in the coming years rather than immediately.
Much of this preparation could be achieved in 2023, as the growth achieved in 2022 contributes to a stronger economy and rapid progress, particularly in technology.
Global IT spending is forecast to grow 5.1% to $4.6 trillion by 2023 Gartner, driven by an 11.3% increase in cloud application investment to $879.62 billion. What does this kind of increased spending and investment mean for organizations? C2C Global, a Google Cloud customer community, has identified five cloud trends to watch in 2023.
In the future, tailor-made solutions, rather than one-size-fits-all offerings from individual providers, will increasingly become the norm.
The adoption of AI and ML technology will increase
Every organization wants to exploit the many and varied possibilities of AI and ML technology. Some want to use their data to improve analytics and build predictive models, and others want to automate repeatable processes.
Currently, many AI and ML models require extensive testing and training before they can be deployed at scale in large organizations that host petabytes of data or serve broad customer bases. Basically C2Cs Research found that only 47% of respondents are currently using AI and ML. However, these technologies scored highly among those respondents hope to use in the future.
The promise of these technologies is too important to ignore. As models are refined and training and testing become more reliable and automated, organizations will rely more on these technologies.