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Public cloud services are expected to reach $266 billion in 2020, according to Gartner. But standards across the various cloud platforms are lagging the rapid growth. In particular, standards about how to integrate data across different cloud platforms are needed.
Three cloud vendors: AWS, Genesys and Salesforce, have teamed to begin creating cloud standards. Their collaborative project is being called the Cloud Information Model (CIM). Standards will allow developers to write code that will be able to run across multiple platforms.
A study by Vanson Bourne found that businesses lose $140 billion annually because data is siloed. In particular, the study found that 41 percent of businesses aren’t able to connect data from a legacy system with applications that are running in the cloud.
The Linux foundation commented that “Developers no longer need to spend months creating custom code. Instead, they can adopt and extend the CIM within days so that they can create data lakes, generate analytics, train machine learning models, build a single view of the customer and more.”