Every day, cloud technology becomes more important for businesses in different sectors. Even industries that have historically been reluctant to adopt cloud-based systems are becoming more open.
Knowing and understanding cloud-based technology has opened the door to unparalleled innovation and ML, and many experts believe this could be the fifth industrial revolution.
Which areas are feeling the most significant impact from cloud-related solutions? The top five include telecommunications, education, manufacturing, healthcare and finance.
Below, we’ll examine how each business has been affected and changed by the cloud.
Over the years, telecom providers, especially communication service providers (CSPs), deal with infrastructure and equipment. As such, workers primarily focused on installing and maintaining the hardware.
However, this limited their ability to scale rapidly.
Research from SaaS experience provider Plum shows that telecommunications corporations investing in the cloud will be the CSP leaders of tomorrow.
The reason is simple: They’ll be able to tap into the growing smart home marketplace, an estimated $300+ billion by 2026.
By reducing their reliance on limited equipment and dated physical infrastructure, CSPs can move faster and solve customer problems.
They can also extend their reach without the use of wires or cables. Relying less on cable gives them a tremendous advantage as they compete with each other and adopt alternative solutions such as 5G.
Final Thoughts: CSPs and other telecommunications businesses are associated with low-tech infrastructure, equipment and equipment.
By reducing their reliance on hardware, they can improve service and value for their customer base.
Industry #2: Education
Education from preschool to colleges suffered a setback during Kovid. Forced to move lessons quickly and learn online, many public and private institutions adopted a cloud-first mentality.
As a result, schools were able to continue educating students despite the pandemic lockdown.
Although 2020 was not the first year of cloud adoption in education, it presented the perfect opportunity for facilities to test cloud systems. For example, many schools turned to using top online learning management systems such as Canvas, Schoolozie, and Moodle.
Accordingly, teachers and learners became more familiar with the possibilities inherent in education without geographical barriers.
Going forward, teachers and students are set to make e-learning through the cloud even more popular.
According to Campus Technology, nearly three-quarters of surveyed university students favor virtual classes. Students preferring to go virtual doesn’t necessarily mean that brick-and-mortar lectures are going out of style, of course.
Still, moving to a cloud learning platform gives people more freedom to upskill and reskill.
Final Thoughts: The issue of equality and access has plagued the education system in recent years. Cloud-based systems and options can create a more level playing field where all learners and teachers can thrive.
Industry #3: Manufacturing
Modern manufacturers are taking advantage of the cloud in significant ways. Although manufacturing has traditionally been viewed from a “nuts and bolts” perspective, advanced manufacturing is anything but archaic. The largest and fastest growing manufacturers rely on cloud systems to perform a wide variety of tasks.
A good example of cloud technology in action occurs in the process of supply chain management. Having a centralized, cloud-based portal allows manufacturers to view all supply chain content in real time.
As a result, they can anticipate delays and shortfalls, thereby bypassing issues before they happen.
Cloud technology also eliminates the need to invest in purchasing, upgrading and repairing servers and related equipment.
Instead manufacturers can spend money in other areas of their business. They can give their customers access to important information on their cloud systems.
Final thoughts: Manufacturing has become highly competitive. Cloud-based systems allow start-ups and small manufacturers to compete on a global scale.
Industry #4: Healthcare
It’s no secret that healthcare has been one of the slowest industries to adopt cloud computing. To be honest, healthcare has lagged behind in terms of technology. Yet this is beginning to change as patients are demanding better and greater access to their records.
They are also clamoring for online wellness solutions such as virtual appointments and the ability to self-schedule appointments.
Interestingly, some of the most prominent proponents of cloud-based technology in recent years have been the largest provider networks.
Nationally recognized and respected hospitals and health systems are exploring improving effectiveness and efficiency through the cloud. These include connected devices that use the Internet of Things (IoT).