The Internet of Things (IoT) connects physical objects with the internet and provides the ability to transfer data over a network. This innovative concept is likely to have an enormous impact on the IT sector. This technology is already revolutionizing the sports industry, as large amounts of data are captured during sporting events to help improve player performance and strategy. IoT is expected to generate data from diverse locations and communicate it through massive networks, thereby increasing the need to better store and process such data. Cloud computing is there to solve this problem, which enables central data storage and remote online access to various resources and services.
Real-time and time-sensitive applications are contributing to the increase in the adoption of cloud computing. The intense competition in the business world requires businesses to gather information more quickly. For example, in a supply chain, delays of information from customers to distributors often cause huge economic losses, such as stockouts or expensive order costs. Cloud computing helps avoid such problems and enables information to flow more promptly through the supply chain network. By sharing information across departments, employee productivity increases as a result of enhanced collaboration through the cloud. Customer satisfaction is also improved as organizations with cloud services are able to access and then analyze the “big data” generated from countless day-to-day transactions.
According to the new market research report on cloud computing services, Asia-Pacific is one of the fastest growing markets. Specifically, China and India have experienced substantial growth in this sector. In spite of this strong growth, some challenges exist that could hinder further growth in these countries. First, emerging markets have relatively low network speed, which limits their ability to share data instantly. Although China and India have more internet users than many other developed countries, there are still areas in these two countries that do not have access to internet because of poor conditions. This is the most prominent issue in developing cloud computing, since it requires a fully penetrated network for information to be transferred over the cloud.
In all, clouding computing brings efficiency and challenges to businesses. It requires organizations to update their outdated internet infrastructures and to build trust in their supply chain relationships.