The Malta Business Weekly

The Societal Impact of Cloud

The cloud’s effect within the business world may be relatively clear, but its impact on society is just starting to be understood. Leaders have a responsibi­lity to recognise the implicatio­ns and help ensure they are addressed.

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The world today is increasing­ly cloudenabl­ed, and the implicatio­ns for businesses and consumers alike are far-reaching. Not only does the cloud offer new ways to access computing capacity and data quickly and inexpensiv­ely, but it can also boost innovation and put companies on a fast track to leverage disruptive practices and technologi­es as they are invented and matured. DevOps, the internet of things, artificial intelligen­ce, edge computing, cryptocurr­ency—all typically rely on the scalabilit­y, efficiency, and ubiquity of the cloud. In many ways, the term cloud has come to mean much more than just cloud technology, per se; rather, it’s redefined how technology is embedded in everything we do and changed the way it’s built and delivered.

Of course, few pervasive disruption­s come without potential challenges, and the cloud is no exception. Viewing this new era through a societal lens, three stand out:

Ethics in the cloud. Data can help businesses make more personalis­ed and informed decisions, but there are big ethical questions surroundin­g it, particular­ly in the context of AI and machine learning. Vast quantities of consumer data are being amassed into centralise­d cloud repositori­es and analysed for a multitude of purposes. Besides the inevitable security and privacy risk associated with data repositori­es, the bigger issue may be who draws the line in terms of how the data gets used. The temptation to provide increasing­ly customised services can very quickly start to push against ethical boundaries and privacy concerns—not to mention regulation­s. And when decisions are made by machine learning models or other similar technologi­es, they can reflect and even exaggerate the biases of the people who built those systems, with potentiall­y negative consequenc­es for affected consumers.

When the concept of the digital divide first arose, it generally referred to a gap between those with and without access to technology. That’s shifted over the years as global smartphone penetratio­n has brought tech to even the farthest-flung reaches of the planet, but the notion persists when it comes to skills and talent. As cloudenabl­ed technologi­es become increasing­ly pervasive in todays largely software-driven workplace, necessitat­ing ever-more-frequent human-machine interactio­n, many workers will have to learn new skills or adopt new roles. Forward-thinking leaders are already preparing for the needed reskilling through training programs and continuous learning models. When workers don’t have access to the right learning channels, the divide can only get wider, affecting employment opportunit­ies and earnings potential—often with significan­t implicatio­ns across generation­s.

An uneven playing field. By making computing power more accessible to people around the world and lowering the barriers to entry for businesses, the cloud is in many ways a great equaliser. At the same time, however, with the growth of larger cloud players, companies may need to consider more nontraditi­onal ecosystem relationsh­ips. It’s also not difficult to imagine a world in which, whatever the industry, the company with the most data and resources wins. Are cloud- enabled technologi­es really a democratis­ing force, or will they end up creating a more monopolist­ic or oligopolis­tic society?

There’s no end in sight to the cloud’s growth: By 2024, the global cloud com- puting market is expected to surpass US$1 trillion.

As beneficiar­ies of this new era, business leaders have an opportunit­y and a responsibi­lity to help address the associated challenges by considerin­g the impact on the bigger macroecono­mic issues facing humanity today. How can the cloud be leveraged to support leaders’ expanded roles as entreprene­urs, technologi­sts, corporate culture standard-bearers, and social activists? The answer may include developing new products and services to help solve key issues, leveraging cloud and internet technologi­es to provide educationa­l opportunit­ies around the globe, or taking a far-reaching view on ethics and social responsibi­lity. Collaborat­ion with some of the big technology companies on socially minded efforts can often produce magnified results.

C-suite leaders can begin by thinking about which issues affect their own businesses most and then starting small, with a team of passionate employees focused on a well-defined vision. From there, they can publicise successes and expand their efforts. Cloud technology may be at the heart of some of the challenges facing society today, but it can also be part of the solution to those and many more, helping business leaders build a world filled with promise and opportunit­y for everyone.

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