Global spending on public cloud services is expected to jump 20.4 per cent annually to $495 billion this year, as businesses expedite the pace of their digital transformation in the post-Covid era, US researcher Gartner has said.
Total spending is nearly $84bn more than the amount spent in 2020 and is expected to surge nearly 21.3 per cent yearly to almost $600bn next year.
“Cloud is the powerhouse that drives today’s digital organisations,” said Sid Nag, research vice president at Gartner.
“CIOs [chief information officers] are beyond the era of irrational exuberance of procuring cloud services and are being thoughtful in their choice of public cloud providers to drive specific, desired business and technology outcomes in their digital transformation journey.”
For businesses, moving to a cloud system hosted by a specialised company — such as Oracle, Amazon Web Services or SAP — is more economical than creating their own infrastructure of servers, hardware and security networks, industry experts said. It also brings down the overall cost of ownership.
In overall cloud spending, infrastructure-as-a-service software is forecast to experience the highest end-user spending growth this year at 30.6 per cent. It will be followed by desktop-as-a-service at 26.6 per cent and platform-as-a-service at 26.1 per cent, Gartner predicted.
In cloud industry, businesses pay only for those selective services or resources that they use over a period of time.
The new reality of hybrid work is prompting organisations to “move away from powering their workforce with traditional client computing solutions, such as desktops and other physical in-office tools” and opt for the latest cloud solutions, the Connecticut-based market researcher said.
In the Middle East and North Africa, end-user spending on public cloud is forecast to reach $5.8bn this year, growing 18.8 per cent year-on-year.
Several global players are establishing data centres in the region as the cloud market picks up.
In 2020, IBM unveiled two data centres in the UAE, making its first foray into the Middle East and Africa cloud storage market. In 2019, Amazon Web Services opened three data centres in Bahrain.
Germany's SAP has centres in Dubai, Riyadh and Dammam, which house servers for local cloud computing clients.
Alibaba Cloud — a comparatively smaller player and the cloud computing arm of the Chinese e-commerce company — opened its first regional data centre in Dubai in 2016.
“Public cloud services have become so integral that providers are now forced to address social and political challenges, such as sustainability and data sovereignty,” Mr Nag said.
“IT leaders who view the cloud as an enabler rather than an end state will be most successful in their digital transformational journeys … the organisations combining cloud with other emerging technologies will fare even better,” he added.
Personalities on the Plate: The Lives and Minds of Animals We Eat
Barbara J King, University of Chicago Press
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
SERIE A FIXTURES
Saturday
AC Milan v Sampdoria (2.30pm kick-off UAE)
Atalanta v Udinese (5pm)
Benevento v Parma (5pm)
Cagliari v Hellas Verona (5pm)
Genoa v Fiorentina (5pm)
Lazio v Spezia (5pm)
Napoli v Crotone (5pm)
Sassuolo v Roma (5pm)
Torino v Juventus (8pm)
Bologna v Inter Milan (10.45pm)
Wenger's Arsenal reign in numbers
1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.
Find the right policy for you
Don’t wait until the week you fly to sign up for insurance – get it when you book your trip. Insurance covers you for cancellation and anything else that can go wrong before you leave.
Some insurers, such as World Nomads, allow you to book once you are travelling – but, as Mr Mohammed found out, pre-existing medical conditions are not covered.
Check your credit card before booking insurance to see if you have any travel insurance as a benefit – most UAE banks, such as Emirates NBD, First Abu Dhabi Bank and Abu Dhabi Islamic Bank, have cards that throw in insurance as part of their package. But read the fine print – they may only cover emergencies while you’re travelling, not cancellation before a trip.
Pre-existing medical conditions such as a heart condition, diabetes, epilepsy and even asthma may not be included as standard. Again, check the terms, exclusions and limitations of any insurance carefully.
If you want trip cancellation or curtailment, baggage loss or delay covered, you may need a higher-grade plan, says Ambareen Musa of Souqalmal.com. Decide how much coverage you need for emergency medical expenses or personal liability. Premium insurance packages give up to $1 million (Dh3.7m) in each category, Ms Musa adds.
Don’t wait for days to call your insurer if you need to make a claim. You may be required to notify them within 72 hours. Gather together all receipts, emails and reports to prove that you paid for something, that you didn’t use it and that you did not get reimbursed.
Finally, consider optional extras you may need, says Sarah Pickford of Travel Counsellors, such as a winter sports holiday. Also ensure all individuals can travel independently on that cover, she adds. And remember: “Cheap isn’t necessarily best.”
