The presence of multiple clouds is aimed at protecting business entities from unexpected outages, and is a key security feature that prevents denial of service attacks. There is an issue; it is possible to lock out a vendor without affecting the delivery of services. In business technology, cloud computing presents potential opportunities and capabilities since it opens a new world of jobs, services, applications, and different platforms (Samuels 2018). In the next decades, thousands of possibilities will emerge and push cloud computing technology to the maximum. It is a technology that will enable vendors and different providers to board and develop new ways of selling their products to the cloud users through technology. Therefore, it is a technology that has been opening new platforms for various designers and developers (Chorafas 2012). Organizations can conduct different businesses at affordable rates and in a professional manner. The future of cloud computing is bright because it is a powerful and expansive technology aimed at providing extreme benefits to users. It offers reliability, security, and boasts superb performance where both the users and service providers have incredible options for the services rendered (Carr 2017). The drivers of cloud technology include improving speed during service delivery, greater flexibility by reacting to the changing conditions of the market, and enabling continuity of business in various entities.
The future of cloud computing is bright because the industry is moving towards greatness and openness. Therefore, in the next two decades, it is expected that cloud computing technology will provide an environment whereby the traditional hardware will be separated from the software (Chorafas 2012). Another futuristic aspect of cloud computing is that a low‐power processor will necessitate a decline in cloud service prices from different service providers. Since digital services are prone to security breaches, it is expected that data security mechanisms will become more superior. It begins with physical data security at the data centers where data will be encrypted, and only the end‐user can access it (Carr 2017). It is a technology that will enhance technological breakthroughs for various organizations since they are determined to explore different services that will regulate tomorrow's technological advancements (IEEE 2013). Cloud computing has numerous advantages; they include reducing costs, scalability, business continuity, efficiency in terms of collaboration, and flexible working practices. Business entities are looking for technologies that will help them minimize their costs in the current world. Cloud computing is one of the infrastructural technologies that various organizations could use to minimize their costs and enhance their products and services (Samuels 2018).
1.7 Cybersecurity, Privacy, and Risk Management
Even as business technology's future continues to get brighter, there is a need to reconsider cybersecurity, privacy, and risk management issues. As technology continues to advance, the risks become more, and thus security becomes a significant aspect that needs to be addressed (Cleary and Felici 2014). In the last few years, new laws have been developed to regulate how service providers collect, use, retain, disclose, and dispose of user information. The number of cyber‐attacks and data breaches has been rising rapidly; the organization needs to take the necessary precautions to protect their data. The future of business technology is expected to experience data privacy and regulatory space (Herbane 2010). In 2018, the EU regulatory space started to make sweeping changes regarding privacy and data security policies. All the organizations were meant to implement the laws that govern how they manage and share user data. Cybersecurity, privacy, and risk management are essential in any organization; the stakes are more significant than ever since the risks will continue to grow. They will continue to face risks associated with privacy and security practices. Thus, organizations need to implement ideal policies to enhance security and protect user data (Maras 2015).
Cybersecurity involves protecting and recovering networks, network devices, and various programs from any form of cyber‐attack. In the current IT world, cyber‐attacks are common, and if networks are not well protected, the attacks could result in the destruction of sensitive data and money extortion. Privacy aims to secure user information and protect it from getting into the wrong hands. Personal information is confidential, and thus it is one of the distinct components of information security. Therefore, it is essential to enhance privacy to ensure user data is protected and cannot be accessed by unauthorized users. Risk management involves the identification, analysis, and assessment of various risks in cyberspace. It involves studying and analyzing the information technology infrastructures and identifying all the possible vulnerabilities that negatively impact different systems (Maras 2015). Once the assessment has been done, the ideal risk management should be carried out where program priorities are identified and various processes are initiated to monitor, control, and minimize the risks. Under cybersecurity, privacy and risk management, internal and external threats are established to identify risk management's ideal framework. It is essential to define the communication lines involving all the stakeholders to highlight the consequences of the risks. In this manner, the risk status can be analyzed, helping to formulate a solution. It is a process that needs prioritization to reduce the chances of risk occurrence while at the same time establishing processes that will enhance risk review processes.
In the next two decades, it is expected that more regulations will be developed as organizations will continue to adopt technological advancements to enhance their performance. As more organizations implement digital technology, the risks associated with it will continue to rise. Therefore, the management team's mandate is to enhance privacy, implement the ideal cybersecurity techniques, and establish a risk management process that will help them deal with cyberspace threats (Rademaker 2016). Some of the risks that may expose an organization to hackers or intruders include limited configuration security, lack of patch management, lack of a proper encryption process, and code security weaknesses. These weaknesses expose systems and could harm the organization's data. Therefore, it is essential to implement cybersecurity techniques, privacy, and a risk management process that will ensure the organization is protected at any given time (Rademaker 2016). Some of the ideal mechanisms that could strengthen cybersecurity include enhancing network security, operating system (OS) and database security, front end security, authorizations for users, communication security, and the presence of emergency concepts, where backup and disaster recovery processes are defined. The explosion in internet penetration is a significant boost to organizations worldwide. Cybersecurity is a major concern that needs to be addressed since the same organizations are exposed to major threats (Cleary and Felici 2014). Business technology's future is bright, but organizations need to consider the ideal practices that will keep them protected from cyber threats, risks, and privacy issues.
1.8 Conclusion
In conclusion, the future of business tech will continue to experience exponential growth as more organizations will continue to implement the latest technological advancements to run various functions and processes. In the next two decades, different technology trends are expected to disrupt the industry, while competitors are expected to implement the latest technological models to increase their market share (Desjardins 2018). AI is expected to dominate the market since most of the world's organizations consider the use of AI to reduce their operating costs. In two decades, the number of AI‐fueled organizations will increase significantly as these organizations seek to enhance their performance and provide high‐quality products and services (Tredinnick 2017). Another aspect that is expected to redefine the connectivity of tomorrow is the rising number of connected devices. The number of network‐connected devices is multiplying, leading to a positive impact on wireless and wired technology ecosystems. Therefore, tomorrow's connectivity will enhance different services where the organization will choose the ideal mode of services to meet customer needs. As business tech continues to grow, the number of products, services, and business models is expected to rise. Innovations within organizations are expected to rise to meet customers' ever‐increasing demands (Herbane 2010). Organizations can drive the technology strategy through their investments to ensure that they meet their customers' demands and requirements.
Despite the rise in technological advancements, organizations need to consider strategic partnerships or acquisitions to increase their market share. Partnerships and acquisitions are meant to provide organizations