2021 will be the Tipping Point for Enterprise Tech Market Involving Cloud, Data Security & Open Source Languages
During the pre-Coronavirus days, the enterprise tech market would invariably take the mundane path to establish what’s best and what’s not for their digital transformation journeys. 2020 showed it’s not a great way to plan for the future, especially with a virus looming large in the physical world, attacking every nook and corner of our livelihood, inflicting an “almost” irreversible impact on mankind’s existence.
2020 has been a year of challenges and big opportunities. but the hardest dent has been on the non-digital economy, especially when we analyze tons of resources and case studies on how mobile app-based enterprise tech platforms have enabled key industries to prepare and recover from the pandemic crisis. Healthcare, personalized self-service utilities, Martech and customer support, industrial automation, video conferencing, remote workplace automation, coronavirus tracking and reporting tools, government tech, education and AI-based research sectors are some of the areas that empowered us with timely attention and optimism.
Companies, irrespective of their size and their position in the technology adoption matrix, are forced to relook into their enterprise Cloud and data security management frameworks. Due to the COVID-19 pandemic, there has been a sizeable increase in the IT Cloud and security demands from all over the world. The rise of cybersecurity threats and the evolution of their attack-types have completely disrupted the modern Cloud computing environments. It is much harder today to distinguish between external and internal cybersecurity threats than it was during the last decade.
In our first Predictions Series conversation, we spoke to Jiten Vaidya, co-founder & CEO of PlanetScale.
Jiten provided his top predictions that relate to the outlook for tech, the future of cloud adoption by enterprises, the increasing importance of data security and the continuing popularity of GraphQL and JAMstack.
Here’s what he thinks would be the tipping point in the technology market in 2021.
In 2021, Enterprise Tech IPO Market Will Party On
We will continue to see a resurgence of enterprise tech IPOs, particularly for companies with a strong Cloud play, as remote work and direct-to-consumer online business models may be here to stay. Data tech provider Snowflake pulled off a blockbuster public offering this year, the largest software IPO of all time. But other enterprise tech companies, including JFrog, Kingsoft Cloud, Palantir and Asana, also met with some success. The IPO pipeline for 2021 looks to be strong, with potential offerings from C3.ai, Darktrace, UiPath and GitLab.
Adoption of Cloud Will Hit Tipping PointEnte
rprise adoption of cloud will hit a tipping point in 2021 and companies will prioritize vendors with true multi-cloud flexibility, data portability and a strong disaster recovery capability for mission-critical workloads. Increasingly companies won’t want to be stuck using default tools in cloud provider walled gardens and we’ll begin to see a wider trend of people orchestrating their own Cloud infrastructure across many different vendors.
Database Attacks Will Make Companies Rethink Data Security
In 2021, we could see an escalation of the kind of database attacks we saw in 2020, when Meow and a similar attack destroyed more than 1,000 databases. Some database technologies will be more vulnerable than others, and this will be top of mind as companies try to keep their data safe. As enterprises are increasingly moving off-prem, many will be attracted to the security offered by public clouds that employ automated patch management.
GraphQL and JAMstack Continue Their March
Frontend technologies such as GraphQL and JAMstack will continue to see adoption amongst developers, and in 2021 will penetrate enterprises. JAMstack companies like Vercel and Netlify allow developers to work with a front-end platform that they love, but they also provide a deployment environment that solves caching, routing, and backward compatibility for frontends. GraphQL is also emerging as a popular way to build out front-end applications. These technology providers will start expanding into enterprises and will need a scalable and globally distributed persistent layer. The new wave of developers accustomed to the ease of use provided by these platforms will demand the same ease of use from the database layer.
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