Cloud computing for a digital economy

Cloud computing is the engine that powers several emerging technologies, including artificial intelligence (AI). These services deliver data storage and computing digitally. The key value proposition driving its rapid enterprise adoption is its ability to enable access to IT resources on demand without the need for significant upfront capital investments. It also has other advantages such as scalability, rapid provisioning, advanced security, and minimal management effort. The Indian public cloud services market was estimated at $7.51 billion in 2023, and its growth is expected to have a significant impact on India’s economy, contributing $310-380 billion by 2026 (~8% of GDP) and 14 million new jobs.