Cloud computing: What lies ahead for enterprises and SMBs

Ethan Yu, VP, Alibaba Group & GM, Alibaba Cloud GlobalAccording to the Asia Cloud Computing Association's biannual ranking Cloud Readiness Index (CRI) earlier this year, Hong Kong has topped the ranking as the most prepared location in Asia Pacific to roll out cloud computing. We are thrilled to see that the cloud computing sector in Hong Kong has shown signs of healthy growth in the past year, carried by these exciting trends:

(1) Embracing the new data technology mindset

In the data technology era, more companies have come to realize the importance of changing their traditional IT mindset to embrace the new data technology. IT departments are no longer seen as cost centers but profit generators. Through the power of data analysis, companies can turn static data into valuable business insights such as customers' online behaviour patterns to drive decision making and launch new products. Many retail and online financial platforms have seen this potential and are ramping up usage of data analysis.

(2) More enterprises are making the leap to the cloud

More and more enterprise clients in various industries -- including retail, media, airlines and finance -- have started adopting cloud computing for their business operations. This is largely driven enterprises discovering more about cloud computing's high efficiency, especially when it comes to launching new services. Many realize that they don't need to buy new servers or data centers to accommodate extra data processing anymore as the cloud can do so in a more efficient manner.

In addition, enterprises are putting more trust in the cloud's reliability and stability. Big businesses usually run complex business across markets. Hence, the stability of cloud services is of utmost consideration; followed by the data security of their clients' information. In order to meet with enterprises' security needs, major cloud service providers have invested significantly in developing the most advanced and secured cloud offerings, such as anti-DDoS services, to fight against common cyberattacks.