When COVID-19 took hold in early 2020, it caused a fundamental disruption to daily life worldwide. As a result, organizations took a closer look at where they were falling short and accelerated their efforts to keep their businesses going and growing.
A major driver of this growth has been powered by cloud computing. Though it’s hard to believe, just two years ago, the average company had achieved less than 20 percent cloud adoption. Priorities and needs have accelerated in the last year, which is why Forrester predicts the global cloud market to grow 35% to $120 billion in 2021.
Despite this boom in cloud spending, a survey found that more than 70% of executives believe their budgets for the fiscal year 2021 will shrink. Armed with autonomous technology, cloud computing has been able to do more with less by easing the burden on IT staff and strengthening disparate applications that run on various systems. What’s more, before the pandemic, few companies protected their data and workloads in the public cloud. But in 2021, Forrester predicts that an extra 20% of enterprises will shift their disaster recovery operations to the public cloud—and won’t look back. Having a robust and secure cloud infrastructure means that businesses can continue doing business, students can continue learning, and people can stay connected to their loved ones.
Social distancing, mask, bubble, quarantine, pandemic—these words are forever associated with 2020. Now that 2020 is over and the world continues to fight COVID-19, organizations can take the lessons they learned in 2020 and apply them for years to come. Whether it’s improving security, lowering the cost of ownership, or even migrating to the cloud in the first place, reaching these milestones has been key in ensuring that businesses not only stay in business but are prepared for what’s to come in 2021.
Join Oracle and our guest speaker from Forrester to learn more about the future of cloud computing.