In the future, there won’t be cloud computing — there will just be computing, according to Melvin Greer, chief strategist SOA and cloud computing, at Lockheed Martin.
Greer was one of three panelists to speak on the future of cloud services at an Oct. 8 event hosted by the Information Technology & Innovation Foundation.
The consensus is that cloud services have a big future in the making. Everything from medical files, robots, data storage, 3-D printing and social media are or will be seeing increased cloud usage.
Interest in cloud computing has shot up in the past few years because those services have become more reliable and less expensive.
“Cost has gone down about hundredfold, and cost reduction leads to more demand,” said panelist Jim Blakley, cloud services director at the Intel Architecture Group.
The increased demand has pushed the total economic value of data in the cloud to about $1.2 trillion, according to Blakley. Reductions in costs have begun to stagnate in the past few years, representing some risk in the market.
Despite the small setback, innovation within the cloud continues to thrive. Greer predicts within one to five years, the government will be always working by using a cloud-based citizen service available 24/7. Companies will be able to better target the “market of one.” Advertising and products catered directly to one person, like a drug catered to someone’s specific genome.
Though the cloud has a bright future, the panelists agreed there are challenges ahead, mainly privacy and security. If the government and education systems are going to adopt the cloud, security and privacy will need to be addressed by companies and the federal government.
The panel said it is possible to see a time when the top cloud services can provide the best security.