According to a research by Cisco, cloud data centers will process 94% of workloads by 2021.
Businesses are changing the way they work. With the advent of superior technology like cloud computing, this change becomes even more imperative if companies are to compete strongly in a marketplace where differentiating factors between competitors are slowly decreasing.
A product manager is generally considered to be leading the product, as if the product were a business by itself. The product manager holds responsibility for various aspects related to product management, including developing roadmaps and strategy, and coming up with feature definition for the product. The position may also include responsibilities for forecasting, marketing, profit and loss responsibilities. At its core, product management takes care of the entire gamut of activities related to managing requirements, gathering user feedback and making enhancements for a product.
Product management is a critical function due to the need to rapidly implement product features and refine them based on feedback. There are several ways in which the advent of the cloud is changing product management. According to research by Berkaweb, Cloud hosting is expected to grow by 18.3% a year on average over the coming years.