Organizations are increasingly using cloud computing for new initiatives or to replace legacy systems. What this means is that the spending that previously went to building and maintaining traditional IT solutions is being diverted to the cloud. The growing preference for cloud first and cloud smart services means that cloud adoption rates are growing at 20% CAGR. The only reason why this number isn’t higher is because of a global cloud technology skill shortage. Gartner attests that insufficient cloud skills is delaying half of enterprise IT migrations by 2 years!
In this post, are 5 reasons why you should jump on the proverbial bandwagon and start to upgrade your cloud skills.
Reason 1: —The Cloud Technology Market is Growing Fast
According to Gartner, cloud technology is one of the fastest growing segments of IT spend today. They predict that end-user cloud spend will grow at 18% in 2021 to over $300 billion. That number grows another 20% in 2022 to $360 billion. This trend will continue into the future! For anyone working in this space, it presents a huge market to tap into.
Reason 2: — Organizations are Becoming Cloud First
Companies are looking to cloud as their first choice for their strategic digital transformations and executives are requiring more justification for any traditional on-premise solution proposals. Consequently, spending on traditional solutions is being reallocated to the cloud as a result of this growing preference for cloud first. As a result, 45% of all IT spending on application software and business process development will have shifted from traditional avenues to the cloud, It’s predicted that by 2024,. That 45% is a big number- if you are a player in IT space make sure you take note of it now, so you don’t miss the boat later!
Reason 3: -The Cloud Technology Knowledge Gap
Until now, cloud migration strategies were more geared towards “lift and shift” or “copy and paste”. By that I mean organizations have just taken their current systems and moved them over to EC2 or Azure VMs. Little has happened in the way of modernization or refactoring system…