In my previous articles; I have already cracked to illustrate everything possible on Cloud Computing. Today, India being the frontier of the 69th Independence day, I try to bring out the Cloud existence in India from past to today. Not being a ‘swagger’; it’s complimented that Indians have been upbringing their generations to the maturity of science and today its nothing to spell that the tech-giants has penned the new generation Indian Tech scholars to their senate position. You know the names pretty well.
Undoubtedly, Cloud is Trending at a quantum level, from the CIOs of the big organization forming a solution between Private and Public Cloud apparently the SMBs are vibrant to adopt service-on-the-go for their enterprises.
Every third person in an Indian city today is a youth. In about seven years, the median individual in India will be 29 years, very likely a city-dweller, making it the youngest country in the world. By 2020, it is predicted that India will rejuvenate as the youngest country in the world.
It is officially the age of sharing everything through social digital platforms. Twitter, Google, Facebook are testimonies that cloud is penetrating the very fabric of everyday living in India. Young Indians are well appraised about usage of these platforms.
Educational institutions have been prompt to take on the early advantages of cloud technology for several reasons:
- An extreme mobility functionary for the students to access data anywhere, anytime, to enroll in online classes and to participate in group activities.
- Ability to collaborate enabling learning round the clock erasing demographical boundaries.
Cloud technology is offering crucial benefits to the developing countries as the infrastructural cost is been saved with cloud providing data and on-need usage for the user. For example the telecom industry, India is switching into the potential of cloud by coming up with economical solutions for telecommunication connections.
Banking and Financial Services
In India, amid percentage or half a million people, of the total population are unbanked. These accounts might vary after the government’s recent initiative ‘Jan Dhan Yojana’’ to adore a bank account to every individual. Latest report suggests that that the number of potential digital banking customers in India alone can reach to 450 million which signifies a huge resource of data, infrastructure, services etc.
Banks, which want to acquire net new customers who are digitally innate, need to look at technologies that are residing in the cloud. The remote data centers, security, flexibility and immediate scalability options have been the main reasons for the increase. Banks, Insurance companies and Mutual Fund houses are gradually leveraging cloud technology for their fund management, treasury and risk management solutions. Adoption of the architecture has not only assisted remote backups, data security and data recovery in case of any unforeseen events.
Additionally, virtualization helps BFSI organizations to edifice an frugal cost structure by mitigating the need for physical hardware and lowering energy consumption, thus reducing overall infrastructural costs.
SMBs Eager for Cloud:
SMBs are now with great chance to simplify business concerns and can focus to encompass and diversify. They utilise technology to support business growth and achieve operational excellence. The Cloud reduces the cost burden of using IT for SMEs, especially because Cloud services provided access to on a usage based pricing model. Other benefits like scalability, flexibility, and On-Demand service are highly attractive proposition to this user group. Thus the adoption of the Cloud, amongst the SMBs could be the highest in comparison to the rest of the business community. Cloud will become a delivery vehicle for other emerging technologies such as mobility, analytics and M2M. In India, spending on cloud-based big data and analytics solutions is forecast to grow three times faster than spending for on premise solutions through 2019.
Indian Government to Switch in Cloud Paradigm
The Indian government is spurring the myths of Digital India to transfigure the nation into a whole-sum Digital country operating unit. There are bounty examples that are part of the government’s ambitious programme to make India a truly digital nation, by offering a plethora of e-governance services across sectors like healthcare, education and banking—all in a bid to bring clarity in the system and enable inclusive growth.
The government has commenced a number of applications and products to pen its E-Governance. Over 1,700 government departments and agencies across the country already use the mobile platform, Mobile Seva. To the first knowledge, Digital India policy initiatives include the use of open source software and open APIs (application programming interfaces) to ensure interoperability of software across departments, collaborative application development and cloud-ready applications, all the while not getting locked in with specific vendors for software. The latest introduction, Digital Locker is an exemplary mark to authenticate Aadhar Card through internet. The government has deluged a 4.5trillion to the Digital India Initiative which collaterally spells its major encompassment on the ‘virtual truth’. Lastly, the promising Smart Cities aura has to spur the cloud corridor with leveraging overthrew services at real-time.
Future of Cloud Computing in India
The value of the cloud services market in India is foreseen to hit a record high of over $648 million by the end of 2015. Growth for the year is projected at 32.2%, which will see India’s cloud sector rise from $421 million which was in 2013 to $556.8 this year, an increase of $135.8 million. This rapid rate of increase is expected to hold for the next few years, and by 2018, the Indian cloud services market could hit a staggering $1.7 billion in total worth. Now that’s a number for India to challenge the cloud paradigm at a larger scale.
The stemming number of Internet users and increase in mobile device adoption in India is a key factor for its cloud growth, neither of which delivering intentions to relax over the next few years.
SAP, IBM, Microsoft, Google are evidently focusing on the new era of India business which is to mark a big percentage of growth in the APAC. Cloud computing services has huge opportunity in Indian market due to the large number of Small and Medium businesses (SMBs) which is at around 35 million and they want easy to use , reliable and scalable application that helps them to grow and expand their business. This makes India as the fastest growing SaaS market in Asia Pacific region.
Cloud Computing is to play a pivotal role in rooting the development of India; there are challenges to dilute the reservoir of Cloud evolution but as it’s said ‘Nothing Comes in One When We try to Make it All.’