Is Your Organization’s Cloud Architecture Equipped to Handle Disruptive Technologies?
Whether for small startups or large global enterprises, the cloud has well established itself as the cornerstone of modern digital infrastructure. From large-scale data storage/management and real-time computing, to facilitating disaster recovery and speedy web-based services, the inherent flexibility of cloud technologies is vital to driving growth and innovation in businesses across all industries. Now, as the demands of digital transformation intensify, the ICT provider landscape is evolving to meet the needs of a data-driven future. This is characterized by cloud-native applications, artificial intelligence (AI), virtualization, multi-cloud architectures, and latency-resistant processing.
To read on about growth opportunities emerging from this transformation, click here and access Frost & Sullivan’s comprehensive intelligence on the subject.
Moreover, as businesses strive to digitize their operations and deliver superior customer experience (CX), the following forces are shaping the future of cloud services and solutions:
- Data protection and security to better store, process, and manage sensitive data, while adhering to regional regulatory mandates, amid the rise of confidential computing initiatives.
- Containerization for seamlessly packaging and orchestrating individual applications, coupled with innovative microservices that help automate cloud management.
- Hybrid and multi-cloud strategies leveraging a mix of public, private, and on-premises resources to take advantage of best practices from different providers.
- Serverless computing and utility-based business models that minimize the need for infrastructure configuration by developers, thereby accelerating application development/ deployment processes.
- Connecting various applications, data sources, smart devices, and storage infrastructure through decentralized computing and edge networks, thereby extending cloud capabilities to edge locations.
- Utilizing AI and machine learning (ML) to optimize workloads, automate repetitive tasks, and enable predictive maintenance, thereby fostering self-managing, self-healing cloud ecosystems of the future.
Are your teams equipped to adapt your organization’s infrastructure, computing, and technology strategies amid these transformative headwinds?
How Will Robust Competitive Benchmarking Help to Boost Cloud Innovation?
With advancements in generative AI (GenAI), the Internet of Things (IoT), and digital content increasing the demand for personalized cloud solutions/services, technology providers are under immense pressure to pivot their growth strategies. Additionally, heightened scrutiny of digital expenditures, compliance hurdles, dynamic data frameworks, and customer resistance to change further complicate this landscape. In this context, competitive benchmarking can help industry incumbents accelerate growth and innovation by:
- Uncovering industry whitespaces in public, private, hybrid, and community clouds for providers to supplement value propositions and overcome growth gaps.
- Highlighting megatrends and emerging technologies for vendors to establish service differentiation in infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS).
- Identifying and implementing best practices in cybersecurity, data protection, and data management to strengthen solution portfolios.
- Exploring partnership and technology strategies to gain vertical-specific expertise in industry and data storage clouds.
- Examining innovative business models, pricing strategies, and competitor profiles to improve market positioning.
Do you have the right benchmarking tools and analytical frameworks to assess your organization’s cloud strategies against your biggest competitors?
Frost RadarTM: Future-Proofing Growth in the Evolving Cloud Ecosystem
With the benefits highlighted above, the Frost Radar™ stands out as a powerful tool for your organization’s competitive benchmarking initiatives. It analyzes various providers and pinpoints the companies best equipped to capitalize on emerging growth opportunities within the dynamic Cloud landscape. Using ten qualitative and quantitative parameters, this tool assesses providers across two key indices:
- Growth Index – measuring company performance by exploring parameters like revenue growth, vision and strategy, growth pipeline, sales and customer experience, and industry penetration rates.
- Innovation Index – measuring the ability to develop products/services/solutions with a clear understanding of ecosystemic transformation by assessing factors like innovation scalability, research and development, product portfolio, megatrend leverage, and customer alignment.
Which Strategies Are Leading Data Protection Providers Using to Tackle Data Management?
Frost Radar™: Data Protection Services, 2024
Digital transformation is altering competitive dynamics for Information and Communication Technology (ICT) providers, driven by disruptive technologies, the exponential growth of data, and evolving customer needs. Consequently, as enterprises strive to maximize business scalability and agility, data storage/management vendors are being pushed to expand legacy solutions to keep pace with:
- Evolving cybersecurity and data privacy frameworks that safeguard customers from cyber risks.
- Complex workload demands from GenAI and ML.
- The need to integrate capabilities like ransomware detection and mitigation to better differentiate services.
This is intensifying the pressure on hyperscalers and technology providers to forge strategic alliances with adjacent verticals, thereby expanding service portfolios to include full-featured data protection.
In the highly competitive data protection services industry, Frost & Sullivan has identified the top 10 providers that exhibit exceptional growth and innovation. Download this Frost RadarTM for comprehensive intelligence on these companies, spanning competitive strategies, best practices, growth/innovation metrices, and technology differentiators.
Which collaborative partnerships will help your organization capitalize on new developments in data protection services?
To know more about other growth opportunities in the cloud ecosystem, click here.
About Frost & Sullivan
Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best-practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the global Cloud ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic industry landscapes.
- Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
- Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
- Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
- Designate your company as a Companies to Action to maximize your exposure to investors, new M&A opportunities, and other growth prospects.
