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Why Businesses are Moving to the Private Cloud in 2022

The last two years witnessed cloud technology being heavily encouraged across almost every sector. For businesses wanting to thrive in the pandemic, the move to cloud environments became necessary due to the shift to remote working and the inability to access data centers.

Many businesses from established industries adopted cloud-first models and strategies. This approach is empowering these industries with more agility and efficiency.

1. Healthcare

Healthcare is an industry that can transform societies for the better but gets shackled in its efforts due to the sensitivity of the data it handles. Cloud helps healthcare leaders balance progress and change with efficiency and security.

51% of surveyed health and human services organizations in India increased their use of digital technologies during the pandemic. (Source: EY)

The Indian Government launched a new project, eHealth Infra, to help the underprivileged of the nation gain access to a public health insurance scheme. Regulatory and data privacy concerns would have hampered efforts like this. However, private cloud services have caused those concerns to fade away.

2. Finance

Finance is an industry that often deals with strict regulations and legacy technology concerns due to the sensitive data they handle. Established financial institutions have had to reconsider their strategies in favor of more cloud-first approaches. 

This change has allowed them to work with increased efficiency and security, offering their customers the same high-quality experience that born-in-the-cloud, new-age fintech offer.

Private and Public Cloud Market Size in the Financial Services Industry will grow by USD 61.47 bn from 2020 to 2025 (Source: PRNewswire).

3. Manufacturing

Even in the physical world of manufacturing, businesses are finding new ways to adopt cloud-first models. Trends show that the adoption rate of public cloud in the Manufacturing Industry is 66%, and 68% have a private cloud. (Source: IDC).

A distribution channel of technology platforms to leverage edge computing and bring cloud technology closer to on-premise deployments is necessary. A manufacturer can dramatically improve its operations’ efficiency and reduce production timelines by using cloud tools.

4. Startups

Startups are playing an increasingly important role in the national economy. However, 29% of startups cite a lack of cash as the cause of failure. (Source: CB Insights). Keeping costs down can be the difference between success and failure for startups. 

New businesses are adopting the full range of cloud solutions like infrastructure as a service, platform as a service, or software as a service. The cloud subscription payment model makes it far more affordable for businesses.

5. Government

Governments in the US, the UK, the European Union, Australia, and Singapore see cloud services as an opportunity to improve government service delivery outcomes by eliminating redundancy, increasing agility, and providing information and communication technology (ICT) services at lower costs. 

The Government of India embarked upon an ambitious initiative called GI Cloud or Meghraj. This initiative aims to accelerate the delivery of e-services in the country while optimizing the ICT spending of the Government. They have embarked on several initiatives to proliferate Cloud adoption.

6. Education

The Indian education sector is facing the challenge of providing quality education. Cloud computing addresses these challenges by optimizing the distribution of courses from a central location to multiple classrooms with agility.

Cloud computing bridges the gap between educational needs and technological innovations and minimizes infrastructure costs. 

India is the second-largest market for e-learning after the US and the sector and reached US$ 1.96 billion in 2021 with around 9.5 million users. (Source: IBEF)

Cloud Services offered by Tyrone

We’re here to help you move your existing application to the cloud or build a new cloud-native platform. We migrate and manage business-critical workloads on multi-cloud computing platforms, assisting you in every step of the cloud development life cycle.

Tyrone Cloud suite helps organizations meet modern-day challenges and unique needs of a data center. Our tailored-to-build approach while designing a cloud machine keeps sustainability, customer IT information flow, and architecture in mind. 

The Tyrone Cloud Suite machines build the cloud architecture from the ground up with absolute ease. They also hand-hold any architectural changes concerning the existing infrastructure that might require modifications, OS and technology upgrades, and design revisions.

Tyrone Cloud Suite is flexible and tuned to your unique needs.

Conclusion

Cloud technology will be part of the future of every organization. However, the true winners in the coming years will be those organizations that not only figure out how to optimize their operations with a cloud-first strategy but also begin to lay the groundwork that will lead to exponential growth in the future.

Every business must begin by looking inwards to see how a cloud-first approach could benefit them and outwards for a partner to help them successfully make the transition as non-disruptively as possible.

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