Khoong notes that every year, cloud computing continues to gain traction as more companies grasp the nimble, versatile and flexible nature of the cloud.
SINGAPORE: Global trends suggest cloud computing will pave the road to the future the next phase of growth for enterprises.
This was the highlight of Cloud Expo Asia 2014 which kicked off yesterday, focusing on cloud computing which is quickly gaining traction.
IDA Singapore’s assistant chief executive Khoong Hock Yun highlighted that every year, cloud computing continues to gain momentum as more companies grasp the nimble, versatile and flexible nature of the cloud.
Khoong said the speed of technological change means all ways of downsizing, changing customer demands and market conditions is no longer an option. He went on to advise participants not to ignore cloud technology.
He added that the cloud’s pay per use capacity on demand model has become the answer that keeps companies (from) compromising on quality.
“Crucially, cloud puts disaster recovery and business (strategic) plans in reach of smaller companies who we expect to see the most gains from moving on to the cloud,” he said.
Khoong then explained that this capability is why Singapore will look increasingly to the cloud on its journey towards becoming a smart nation.
“In fact, many things in the data analytics world cannot happen without the huge computation and storage capabilities provided by the cloud,” he said.
Khoong further highlighted that there are many reasons why Singapore believes it can become the world’s smart nation, explaining that they have the capacity and capability to bring together people, policy and technology into this quickly and deploy it nationwide.
“Our capability is to be able to collect and comprehend data so that we can deliver better services for the nation, be it for business or be it for government,” he added.
Cloud adoption in Singapore continued to grow strongly last year with cloud spending among enterprises at about S$512 million. This is expected to almost double to about S$1 billion by 2018.
As such, it comes as no surprise that demand for cloud services remains strong in Singapore.
“Singapore will continue to enrich the cloud ecosystem and encourage adoption. And part of this will be some of our work that we will be embarking on a smart nation.
“I think that will cause a lot of data to be collected and stored and processed, and that should take our cloud adoption capabilities to the next level,” Khoong affirmed.
Meanwhile, CloserStill Media’s managing director Michael Westcott said the response from the cloud and data centre community has been overwhelming at the second event.
“It is clear that the significant hunger for information and education and new ideas will drive cloud-powered businesses forward in the region.
“The difference between this year and the last is that delegates have come armed with specific needs and are therefore much more engaged with both the education value and the exhibiting trade here.”