| |DECEMBER 20189CIOReviewAs Cloud technology matures, many organizations move away from `on-premise' to `Cloud' making `Cloud' multi-billion dollar business opportunityour platform being 'Cloud-ready' help. As `Cloud' service providers have presence in many countries, scaling infrastructure is never been so quick. This brings `scale, agility and pace' to business, helping expanding business in unknown and unexplored territories. Also, as digital gives unprece-dented access to consumers and un-tapped markets, the predictability of our businesses goes low. For exam-ple, in the digital age, it's extreme-ly complex and difficult to predict traffic flow to our digital properties, making it difficult to plan for technol-ogy capacity. In such cases, `Cloud' helps manage business unpredictabil-ity efficiently. Based on Just-In-Time (JIT) philosophy, when traffic goes beyond a threshold, it automatically spins-off new instances adding more horse-power ensuring scale and busi-ness continuity even under extreme conditions, giving businesses a com-petitive edge.3. Managing the regulatory compli-ance risk: With geopolitics changing every-day, nationalistic character is growing tall making our business environment riskier. As data relat-ed issues become real, countries are increasingly intending to imple-ment `on-soil' data regulations, a nightmare for global businesses. In such cases, compliance becomes extremely easy for Cloud ready appli-cations/platforms as Cloud can repli-cate the servers in any geography in no time.4. New business opportunity: As Cloud technology matures, many organizations move away from `on-premise' to `Cloud' making `Cloud' multi-billion dollar business opportu-nity. Organizations such as Amazon, Microsoft, Google and IBM have cap-italized well on the opportunity, and now, have significant revenue coming from `Cloud' services. Even many me-dium-sized businesses have come-up providing `hosting and digital' services taking `digital penetration' deeper.5. Driving industry-wide standard-ization and reducing the risk of tech-nology failure: Security and technol-ogy failure is a significant risk that still haunts businesses. Cloud being the standard services, have common standards, benchmarks and best prac-tices making it more secure and reli-able. Additionally, going by the law of power of aggregation, these large `Cloud providers' are more resourceful and have better research ability (than individual small/medium companies) to be ahead of hackers and recover from any technical failure.As every coin has two faces, 'Cloud ' too has some concerns. While ' Cloud ' is maturing, there are still security concerns and companies are still ap-prehensive about moving critical piec-es on Cloud. Also, there are concerns about what happens if the Cloud in-frastructure itself fails? While there are different diversification strategies to de-risk technological failure, the risk still remains.With that, it's quite clear that `Cloud' is democratizing `digital & technology' by making it econom-ically viable, reliable and accessible to everyone leading to deeper digital penetration, creating more business opportunity and improve business agility, scalability and elasticity.
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