Wednesday, May 8, 2024

2024 Business Predictions: Lee Thatcher, head of cloud at CloudCoCo

It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead. 

It has become something of a tradition, given that we’ve been doing this now for over 30 years.

Here we speak to Lee Thatcher, head of cloud at CloudCoCo.

In 2024, the cloud computing industry will continue to focus on security and modernisation. Many organisations have moved their infrastructure to hyperscale cloud providers but have yet to fully embrace Platform-as-a-Service (PaaS) or Infrastructure-as-a-Service (IaaS) offerings. Addressing this educational gap and emphasising the value of multiple vendor offerings will be critical. These trends build upon the need for secure and modernised cloud environments, aligning with the changes observed over the past year.

The surge in AI adoption has so far had a limited impact on the cloud computing market. However, it is expected to have a more noticeable influence once the offerings from major hyperscale cloud providers become more widely available and commercialised. As these providers continue to invest in AI capabilities, businesses will increasingly leverage cloud platforms for AI-related workloads, driving the growth of cloud-based AI applications and services.

It’ll continue to be about AI for the foreseeable future. The widespread adoption of AI applications and services will continue to gain momentum, enhancing the capabilities of cloud platforms. While it may not see massive uptake until major hyperscale cloud providers fully commercialise their AI offerings, AI’s significance in the cloud computing landscape will continue to grow, driving innovation and transformation across various industries.

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