Industry Cloud is when cloud service providers offer customized solutions,this allows cloud providers to use servers distributed around the world to meet the demands of businesses operating in specific industries that have unique requirements in terms of data processing, regulation laws, efficiency of mission-critical applications and tailored infrastructure. The three main cloud service offerings of Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), make operations extremely easy as all they need is internet access and are ready to be utilised across a range of mediums like laptops, smartphones, tablets etc. Leading cloud services providers are joining this bandwagon to provide highly polished and targeted features and support to different industries. However, not many are aware of its true potential across sectors. Here we take a look at the benefits of opting for industry clouds.
Ease of migration to industry cloud offerings: When the pandemic struck, digital transformation of operations gained momentum as several businesses adopted the use of cloud for business continuity. Now, as we move towards industry clouds, public cloud vendors have taken cognizance of this, to address industry-specific needs that can be seamlessly incorporated by companies that have already migrated to the cloud.
Customized holistic solutions: Industry-focused solutions extend way beyond Software-as-a-Service (SaaS) offerings such as Human Capital Management (HCM), and Enterprise Resource Planning (ERP). They include Platform-as-a-service (PaaS) and Infrastructure-as-a-service (IaaS) to offer customized holistic solutions to different industries. So, the emergence of industry-specific cloud is a natural progression of cloud computing to meet the varying and highly personalized industry requirements.
Expansion into new industries and vertical market segments can help your existing product line do double duty
cloud computing has emerged as the biggest enabler for the world economy, businesses and remote workforces during the coronavirus pandemic, and will continue to be an imperative for organisations looking for increased scalability, business continuity and cost efficiency in 2021.
By having several industry-specific features built-in as part of the cloud platform services, enterprises do not need to worry about infrastructure management, platform modernization, and the associated regulatory, security, and compliance guidelines. These responsibilities naturally get transmitted to the cloud service provider. When cloud solutions have these capabilities built-in, it addresses the problems of systemic risks that most organizations face with security and data privacy. This allows businesses to focus on creating value differentiating offerings and products in a cloud-native environment.