Cloud computing services have grown in popularity significantly over the years. Many sectors are moving to cloud computing services for business operations. Cloud computing enables businesses to store, manage, and process essential data using remote servers hosted on the internet.
The ongoing COVID-19 outbreak has had an impact on economies all across the world. Governments and companies in various industries rely heavily on IT-related products and services. Demand for online live-streaming services such as Hulu, Netflix, Spotify, Amazon, and others has recently skyrocketed. Due to lockdown constraints, most of the workforce is working from home, resulting in a surge in demand for cloud-hosted solutions like video-on-demand (VoD), OTT services, and others.
Several governments and private and public businesses have adopted the “work from home” strategy. Due to this aspect, demand for SaaS-based collaboration solutions has surged. The increased demand has created numerous opportunities for cloud companies to grow their businesses by releasing innovative products.
For instance, Microsoft introduced Microsoft Cloud for Healthcare in May 2020 to address COVID-19 issues. Microsoft developed industry-specific cloud products for healthcare firms to enhance workflow effectiveness and simplify interactions. Microsoft Cloud for Healthcare includes data analytics for both structured and unstructured data.
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