Cloud Offers Opportunity in Construction

A big debate in the construction industry for many years has been whether to leverage on-premise software or deploy technology in the cloud. Do you know which is more common today? The cloud has now taken the top spot. However, a hybrid appears to be emerging and is gaining even more momentum within many construction firms.

In a new report from IDC titled, Worldwide Public Cloud Infrastructure as a Service Forecast, 2016-2020, the company provides a detailed forecast for the public cloud IaaS (infrastructure-as-a-service) market. The analyst firm says the public cloud IaaS offerings are becoming more common among enterprises, as an alternative to on-premises hardware for IT infrastructure.

In fact, nearly two-thirds of respondents are either already using or planning to use public cloud IaaS by the end of this year. Additionally, IDC forecasts public cloud IaaS revenues will more than triple from $12.6 billion in 2015 to $43.6 billion in 2020. This represents a compound annual growth rate of 28.2 percent during the five-year forecast period.

A big portion of this growth is expected between 2016 and 2017, with the market slowing after 2017 when organizations shift from exploration to optimization.

The analyst firm also suggests a hybrid infrastructure—which includes mixing existing IT infrastructure with cloud infrastructure—is the optimal path to public cloud IaaS adoption, with 80 percent of IT organizations committing to hybrid architectures by 2018.

For the construction industry, leveraging the cloud means more flexibility and easier access to data from anywhere. As this model becomes more common, contractors will need to identify how to best leverage it to improve business processes.

Related Articles