The covid-19 pandemic has been a proven catalyst in the adoption and innovation of new technologies, ramping up the speed through which none of the industry experts could have anticipated. Organizations, while adapting to the new normal, have accelerated their digital transformation journey at least by three to four years. It has been reported that at least 77% of the CEOs stated that the COVID-19 pandemic has accelerated their digital transformation plans. This has resulted in businesses implementing cutting-edge technologies to transform their business processes to stay competitive and generate new revenue streams.
Irrespective of the size of the company and the quantum of the work they do, cloud computing has become a business imperative as it provides cost benefits, agility, and reliable IT resources. Instead of bothering about the maintenance of their own private data centers storing information, companies can depend upon the scalability of cloud storage provided by cloud service providers to build out storage as and when it is required thereby increasing their adaptability and reducing the total cost of ownership.
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