AI and Cloud Computing: What’s the fuss about?
We often come across tech buzzwords like Cloud AI, but what does it mean? Let’s take a closer look at the role of artificial intelligence in cloud operations and how it can benefit your business.
Artificial Intelligence (AI), cloud computing, and automation have been trending buzzwords after the pandemic. The cloud AI market reached $5.2 billion in 2020 and is expected to reach $13.1 billion in 2026 at a CAGR of 20.3%. Due to the increased adoption of cloud computing by businesses on a global level, many organizations are now connecting their teams on digital platforms to continue working remotely or as part of a hybrid model.
But what exactly makes artificial intelligence in cloud computing so significant for organizations to boost efficiency, accuracy, and overall productivity? In this blog, we will not only highlight the importance of AI in cloud computing for businesses but will also share some insights on how to optimize your business using cloud AI.
How has AI transformed cloud computing?
The primary purpose of cloud computing was to create a digital storage system or infrastructure free from physical equipment dependencies, where organizations could store IT assets such as software, applications, and mission-critical data and documents securely and easily access them online. Compared to physical data storage systems, cloud computing provides much efficient data access and distribution with reduced risk of data loss because of external damage to the central storage system.
By introducing artificial intelligence, cloud computing truly reached its potential by enabling business operations on the cloud to be streamlined, optimized, and automated to further boost efficiency. The first thing AI achieved for cloud computing is to make it more flexible. In a world where data is one of the biggest assets for companies, having smart data storage and processing systems can be a major driver of competitiveness.
An AI-enabled cloud system can process the collected raw data to its finest details and provide easily comprehensible business insights such as market trends, sales performance, customer behavior, etc. Such insights can help you optimize your business processes to make them faster and more cost-effective. You can further distribute this data in a comprehensive format with tools like Microsoft Power BI.
Another transformative change AI brought to cloud computing is automation. Using enterprise-level artificial intelligence with your cloud computing systems can automate recurring business processes with impeccable accuracy and efficiency. Tools like Microsoft Power Automate are designed to extract data from your central cloud storage. AI then processes the data with well-defined algorithmic models to carry out business operations by itself while learning from the system to avoid mistakes.
You can further use your AI cloud system with Machine Learning (ML) and Internet of Things (IoT) to operate physical tools within your organization remotely from any device, as long as they’re connected to a central server. It brings the next level of automation and operational capabilities for your business, which can help you manage your supply chains, manufacturing plants, and even non-manufacturing processes through devices across offices.
All the factors mentioned above eventually deliver a cost-effective, practical, and self-learning cloud ecosystem that can apply to various business functions. It would be appropriate to say that artificial intelligence has shown us what cloud computing can achieve for organizations.
How to optimize your business with cloud AI?
Choose the right Cloud AI partner: For a business new to a cloud system, it’s crucial to choose the right cloud AI development and deployment partner. Having third-party cloud AI support is especially beneficial for SMEs as it provides robust and cost-effective cloud AI solutions while also undertaking cloud infrastructure maintenance.
Choose the cloud provider that fits your budget: Although it’s tempting to choose the most trending cloud AI system simply due to its popularity, it might put a huge dent in your budget in the long run. It’s crucial to evaluate various cloud AI services with their business and financial value, along with possible hidden costs, before choosing the right cloud partner for years to come.
Incorporate process automation: Incorporating cloud AI for Business Process Automation (BPA) can make your business operations even more nimble by automating repetitive tasks and delegating them to an intelligent system. Partnering up with a BPA service provider can speed up your business operations while you focus on more important tasks.
Leverage Data: Effective implementation of cloud AI also requires autonomous access to data for the AI systems built into your cloud infrastructure. Using real-time data to feed on the AI’s algorithms results in the most impactful and self-sufficient cloud AI system.
Whether you are new to cloud AI or looking to add AI to your cloud systems, VBeyond Digital will help you at every step of the digital infrastructure development and deployment process with our expertise and support solutions.