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Many business leaders have failed to grasp the full implications of cloud computing – what it truly is, what industries it is affecting, what jobs it is taking away and what jobs it is creating. Read on for CDP’s digest of everything cloud computing that you need to know.
Business leaders have two choices – pounce on the opportunities of cloud computing ahead of the trends, or fall victim to the chaos of market changes once cloud disruptions reach maturity. CDP research indicates cloud platforms will rise in prominence in the next 3 – 5 years. As the market grows, reaching a critical mass of users in order to facilitate meaningful business transactions will rapidly establish cloud platforms as the foundations of future business ecosystems.
IT Jobs - Many operational based IT jobs are disappearing, as operations move to cloud. Conversely, the demand for higher-level skills continues to crow, such as architects and integrators. Generally speaking, IT departments are shrinking worldwide.
IT Markets – The shift in servers and software is changing from ownership to rental (control, responsibility and budgeting [annual to continuous]), as well as from capital expenditure (capex) to operating expenditure (opex).
IT Decision Making - Cloud is the default for new investments.
Artificial intelligence (AI), ledgers, digital businesses and so forth will all require cloud computing to deliver their benefits. The benefits of AI will be realized as a result of cloud. The Internet of Things (IoT) vision will materialize using cloud as an enabler. Disruptions from blockchain and smart contracts will happen partially because of cloud-enabling capabilities. Software distribution will be changed as a result of cloud marketplaces. Employment and skills are affected by the move to cloud computing. Increases in higher-skilled IT jobs may offset some of the decreases in lower-skilled jobs.
The server hardware market is declining as a result of cloud computing. Many operations' jobs are disappearing, and IT departments are shrinking worldwide. Employment and skills are affected by the move to cloud computing. Increases in higher-skilled IT jobs may offset some of the decreases in lower-skilled jobs.
Cloud has become a mainstream method for customers to purchase. A majority of e-commerce sites are hosted by cloud providers. Individual consumers interact directly with cloud services.
Business leaders must fully embrace the benefits of cloud computing platforms to support modern applications, as well as to participate in the business ecosystems of the future. This means utilizing cloud platforms to increase connections, integration and partnerships with other technology providers by using a common cloud platform. Business must actively reorganize their budget in order to maximize cloud benefits.
Furthermore, organizations must embrace a shift in mindset. For example, using cloud instead of hiring new staff. Adjust the organizational skills mix, allocating talent where it is really needed, with a long term plan to reduce/phase out staff associated with on-site operations.
Identify new opportunities, with a focus on doing things you couldn't do before cloud. Ways of communicating with customers, pooling resources etc. Going forward, business leaders should plan for cloud-first strategies evolving to cloud-only strategies.
As the thought leader of HCM services in Asia Pacific, CDP Group is a future-oriented one-stop BPaaS (BPO + SaaS) HCM service provider. CDP is building a HR win-win ecosystem through a digital platform, providing users with the ultimate digital experience, enabling the business of future, and becoming the employer of choice. Since its establishment in 2004, CDP has received capital injections from the world's top five well-known investment institutions: Morgan Stanley, Fidelity, Investor AB, CBC Capital, and Japan Sumitomo Group. CDP Group is headquartered in Shanghai, China, with offices in Beijing, Suzhou, Dalian, Hong Kong, Singapore, Australia, etc.; business is covered in Asia, the Pacific Rim, Europe, and North America, and many more. So far, CDP has provided professional HCM services for more than 1000,000 employees in over 620 enterprises worldwide.