The trends in the tech and cloud sky in 2024

1. multi-cloud architectures will become the standard 

What has been emerging for some time is becoming the standard: companies are increasingly relying on multiple providers for their cloud architecture. The multi-cloud is the cloud architecture of the future. On the one hand, many managers are consciously relying on different cloud ecosystems in order to minimize risk. On the other hand, in some cases operational requirements necessitate the implementation of an additional cloud - for example, if some necessary technologies and capabilities can be provided by a new vendor either much more effectively or more cheaply. This development is fueled by the fact that many providers are reducing the proprietary nature of the technologies and customers therefore have a free choice when selecting solutions. As a result, companies can more easily follow the best-of-breed approach. They can select the features from different cloud providers that best suit their needs and put together an architecture that meets their requirements. 

2. the time is ripe for the Sovereign Cloud 

Just a year ago, the Sovereign Cloud was only known in the industry as a term for how IT infrastructure can be hosted in the EU in compliance with the General Data Protection Regulation (GDPR) and operated by EU citizens. Previous efforts to establish this model on the market failed. But now the time has come for the Sovereign Cloud. Over the last twelve months, a theoretical need has taken shape in the form of practical solutions. The trend towards the Sovereign Cloud will not only accelerate rapidly, but is also more significant than that towards the Multi Cloud. In the eyes of the industry, this solution is of interest because it is more restrictive than other cloud approaches. It is therefore particularly suitable for workloads where security and compliance requirements play a major role, such as in research and development or the financial sector. In the form of the restrictive Sovereign Cloud, cloud technology can now also gain traction in the public sector, as it has allayed most of the concerns. Sovereign cloud offerings also address workloads that were not originally intended for a cloud computing architecture. 

3. generative AI - focus shifts from the technology to its potential applications  

Interest in artificial intelligence (AI) and GenAI exploded in early 2023. Companies across all industries have begun using GenAI to optimize simple business processes, and many enterprise application providers are integrating it into business processes to increase user productivity. By embedding GenAI into business processes, organizations are able to leverage the data science resources of large vendors to quickly derive value from the technology. This will help to increase the productivity of human resources, customer service, sales, marketing, supply chain and finance teams and will have a visible impact on the bottom line.

4. generative AI increases overall AI performance 

As companies begin to use more standardized language due to GenAI, the performance of their classic AI functions improves. GenAI eliminates misspellings and reduces the number of synonyms used to describe the same thing, which helps AI algorithms perform better. GenAI's ability for applicants, employees and managers to use more consistent language in employee performance reviews, job descriptions and cover letters allows AI to identify skills gaps, make hiring and training suggestions and improve candidate recommendations in HR applications. 

Source: www.oracle.com