Cloud computing is firmly accepted as the new normal for enterprise IT. Across industries, the cloud continues to be one of the fastest-growing segments of IT spend. With greater spend, however, comes greater responsibility for CIOs to invest budgets sensibly, and a more significant impact if things go wrong. Nearly 70 per cent of European enterprises operate in multicloud environments, but for a majority, this environment is by accident.
One rapidly emerging trend is advancement in multicloud management and infrastructure-as-code across public cloud and on-premises infrastructure. These are beginning to assemble to deliver real transformation. Also, investment in on-premises modernisation, cloud, and management tools will escalate to solve the automation and management problem. Further, AI will first be applied in the cloud in 2020 before being distributed, because currently, public cloud providers lead commercial AI development and deployment. Two factors are converging for this trend. Firstly, the ML pipeline is moving to the cloud: data storage, model development, training, and inference. Apart from this, Machine learning as a service (MLaaS) is making pretrained AI models available to developers via APIs. These trends deliver benefits to enterprises by addressing issues when it comes to AI skills, infrastructure requirements, and scaling.
Besides, European organisations have already started deploying industry-specific solutions in cloud environments. In the coming years, 64 per cent of enterprises will curtail the cost and complexity of customising enterprise applications by investing in industry-specific SaaS applications and platforms.
StartupCity’s editorial board has assessed and shortlisted a number of the foremost prominent organisations within the cloud solution providers industry. We hope this issue of the StartupCity helps you build the partnership you and your firm need to foster a technologically-driven learning environment.
We present to you StartupCity’s “Top 10 Cloud Solution Startups in Europe - 2020”
