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Will Inadequacies Render Cloud Computing Redundant in the Future?

By Tim Sloane
September 30, 2022
in Analysts Coverage, Cloud Computing, Emerging Payments
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cloud computing

Go Big or Go Home: JPM Will Spend up to $12B to Get To the Cloud

In a piece written for TechRepublic, author Franklin Okeke says that cloud computing will prove inadequate in the future, though he doesn’t identify what will replace the cloud except a mention of the Internet of Things, Industry 4.0, and AI in smart devices and smart homes. He says:

“The emergence of cloud computing created a sudden shift from the traditional ways enterprises think about IT resources. This shift caused a swift surge in the number of organizations adopting cloud computing.

However, despite this positive global market outlook, cloud computing has not been sufficient in handling the new changes holding sway in the technology industry.”

The fact that all of these are either connected to cloud services, can be run on the cloud, or are developed by cloud providers leads me to disagree with his prediction regarding cloud computing.

He identifies the following areas as negatively impacting cloud adoption: Occasional downtime, limited flexibility and control, vendor compatibility issues, security and threats, latency issues, and the fact that the cloud is uneconomical.

However, I’d like to note that while cloud services have downtime, what device hasn’t? And probably for longer than the example provided, which was only 45 minutes. The rest are equally unpersuasive.

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group.

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