The adoption of cloud technologies continues to accelerate. According to the newest report from Canalys, in Q2 2021, companies spent $5 billion more on cloud infrastructure services compared to the previous quarter. While a number of factors are responsible, including an increased focus on business resiliency planning, the uptick illustrates the effect AI’s embracement has had — and continues to have — on enterprise IT budgets.[1]

Figure 1. AI adoption boosts cloud growth

AI adoption boosts cloud growth is shown in figure1. Cloud computing and artificial intelligence are both enjoying torrid growth curves, but it’s their combined relationship that is most driving digital transformation.

AI, as the first self-generative technology, is a radical break from the past. Never before has a technology been able to improve itself without human assistance. [2]

The top 5 ways AI impacting cloud computing for better

The rise of artificial intelligence (AI) has finally coincided with the growth of cloud computing. AI in the cloud can improve cloud performance and efficiency while also accelerating digital transformation in businesses. AI capabilities in the cloud computing environment are critical for increasing the efficiency, strategic, and insight-driven nature of business operations while also providing additional flexibility, agility, and cost savings. Here are the top 5 ways AI impacts cloud computing.

• Cost-effectiveness
• Enhanced Data Management
• Accelerated Productivity
• Intelligent Automation
• Increased security [3]

Cloud AI Market Growth & Trends

The global cloud AI market size is projected to reach USD 647.60 billion by 2030, registering a CAGR of 39.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The key factors propelling the growth of the market are the demand for intelligent virtual assistants, the adoption of AI to enhance customer service, and the growth of big data.

Moreover, many big companies are investing and expanding, which drives marketgrowth. The need to increase operational effectiveness in the manufacturing sector and the growth of cloud-based services & applications across various industries will also offer growth opportunities to the global market. Cloud computing and AI have become complementary technologies that can improve the lives of millions of people.[4]

References:

1. https://venturebeat.com/ai/ai-weekly-ai-adoption-is-driving-cloud-growth/
2. https://www.eweek.com/cloud/cloud-and-ai/
3. https://www.analyticsinsight.net/top-5-ways-artificial-intelligence-impacts-cloud-computing
4. https://www.grandviewresearch.com/press-release/global-cloud-ai-market

Cite this article:

Gokula Nandhini K (2023), AI adoption boosts cloud growth, Anatechmaz, pp.87