Cloud Computing - The Medium for IT Momentum

Date:   Monday , May 03, 2010

Gartner predicts cloud computing and active monitoring of security to be among the top ten trends. These technology trends will drive the growth of IT services, and the IT services trend in turn will shift from the traditional IT enabled customer support services to services that would include technology services to the clients.

Cloud based services help in optimizing the resources required and to scale up easily. It offers a low management overhead, low barrier to entry, and immediate access to a broad range of applications. The key feature of cloud computing is service. Cloud computing emerged during the economic downturn by reducing the need to invest in digital infrastructure, as it allows an entrepreneur to avoid capital expenditure on hardware, software, and services, while allowing paying the provider only for the use.

Although cloud computing has not fully penetrated all segments of enterprises, this seems to be the future around which a lot more innovative solutions will emerge, given the obvious benefits. Functional applications, such as human resource management, are fit candidates for cloud based services, as in a region the regulatory requirements are common and with little customization the application can cater to a wide range of industries. Based on per-employee charges, the model will be attractive to a large number of industries. Initially a lot of such support function applications will quickly emerge as services, before others such as manufacturing-specific applications go on the cloud.

The current economic climate is not very encouraging for entrepreneurs as both business ideas and funding are hard to come by. It is important to secure the necessary funding before embarking on a venture and simultaneously plan on reaching sustainability early on. The ongoing recession can lead to some fundamental changes in the environment and the legacy concepts may not work in the future. It is important to identify the potential new trends and focus on them. One should be prepared to take advantage of that when the economy picks up. This is the time to work on that new idea as talent is easily available and the entrepreneur may be just in time for the market on its upswing.

Chandra Sekhar Bilugu is the CEO of eGestalt. eGestalt provides automation and on demand delivery of integrated IT Security and compliance management, through SecureGRC products and services.