Hosting applications in the cloud for business agility

The term ‘cloud computing’ which started as a buzzword in the early 2000s is starting to truly come of age. As per Gartner, the worldwide public cloud service market is expected to reach a massive $331.2 Billion in 2022, growing at a compound annual growth rate (CAGR) of 12.6% since 2018.One of the key drivers for cloud is the agility and the cost benefits it brings to the organization. Cloud enables organizations to respond faster to the changing market as well as cater to the ever-demanding and evolving customer demands. Cloud has enabled IT owners to spend more time advising their business partners with data-backed insights and strategy to drive more business growth and faster time to market. While business agility is important for organisations, the need is not uniform across different functions within the organisation. For instance, if a retailer aims to double its sales through an e-commerce channel,the need to improve customer experience becomes an absolute essential compared to changes in the product management side.