5 cloud computing trends transforming business in 2024
With cloud the core technology driving innovation and transformation today, it's become ingrained in nearly every aspect of business. Find out the top cloud trends reshaping businesses today.
The evolution of legacy, on-prem e-commerce platforms to the cloud is still in part hampered by monolithic architectures. While valuable for many modern companies, monolithic systems are losing favor for more flexible composable commerce platforms.
Composable technologies mark a significant shift in how businesses approach and strategize their digital commerce investments. However, both modernized monolithic and composable commerce platforms have their places in the digital ecosystem, each catering to different business needs of a company’s strategic vision.
Monolithic commerce platforms have been around since the very beginning of the digital age. They’re inherently all-in-one solutions with a tightly coupled frontend and backend.
They originally offered simplicity and coherence, making them suitable for businesses with straightforward processes that don’t require frequent updates or customizations. However, over time these platforms grew in scale and complexity mainly because business requirements evolved, and the solutions continued to add functionality to meet business needs.
Composable commerce platforms enable modularity in several ways:
With cloud the core technology driving innovation and transformation today, it's become ingrained in nearly every aspect of business. Find out the top cloud trends reshaping businesses today.
Together, monolithic and composable commerce platforms can drive and improve the diversity and modernization of businesses.
Newer, more agile businesses might adopt a composable approach out of the gate in order to quickly adapt to market changes and integrate innovative technologies. Established businesses with significant investments in monolithic platforms may prefer to maintain their systems and extend their capabilities through the introduction of composable components.
Extending a monolithic platform with composable add-ons can be a strategic way to leverage the benefits of both architectures. This approach allows businesses to maintain their existing investments while incrementally adopting new technologies and practices.
For example, a business could integrate a modern payment processing microservice into its monolithic e-commerce platform to support additional payment methods or currencies without redesigning the entire system.
The coexistence of monolithic and composable commerce components represents a unique opportunity for businesses to accelerate innovation while reducing technical debt and future-proofing their investments. Pivoting from continued investment in the core system by customization will soon be replaced with composable components.