Multi-cloud simply refers to the presence of more than one cloud, sourced from different vendors. The adoption of multi-cloud is doubling year over year, by way of transitional hybrid cloud deployments. Why is that? Is this a growing trend or just a fad that only the most cutting-edge companies will embrace?
Here are six reasons to adopt a multi-cloud strategy:
1. Proximity and data residency
Proximity to customers, markets, as well as data-residency requirements drive cloud choice and a multi-cloud strategy. Regulatory requirements can drive data residency or support the optimal customer experience. Regional presence can drive the use of localized cloud services such as Alibaba cloud.
2. Best of Class
Access to multi-cloud services gives organizations access to native innovations/features in a cloud, which are not available in other clouds. This gives opportunities to innovate and build products in ways and with speeds that would have previously not have been possible besides the cost-effectiveness of a service/feature of a cloud (as compared to others).
The cloud vendor of your choice could become your business competitor. There have been instances where a retailer has decided to go with Azure instead of Amazon for that reason. Having a multi-cloud strategy means you could be proactive about these decisions.
4. Vendor lock-in
A significant reason businesses are adopting a multi-cloud strategy is to avoid vendor lock-in by using best-of-breed features. All mission-critical applications running on a single cloud provider poses a risk to any organization.
The old adage: “Don’t put all your eggs in one basket” comes to mind. Hence any organization building a business continuity plan has recognized the need for adopting multiple clouds. On a final note, some cloud diversity allows for leverage in contract negotiation.
As the whole world adapted to a work from home strategy due to COVID-19, this has also further accelerated the adoption of a multi-cloud strategy.
Cloud services need to support various streaming scenarios like audio/video conferencing, among others. There has been unprecedented growth. This has revealed some new risks, such as the cloud running out of capacity.
Even the top cloud providers AWS (Amazon Web Services), Azure, and Google Cloud will not be free of service disruptions. There are cloud vendors who are adding temporary restrictions and placing more limits on free offers.
As such global events cannot be predicted, a way to mitigate these risks is by organization diversifying their solutions to multiple clouds. Applications are deployed to more than one cloud to increase availability, redundancy, or resiliency.
6. Mergers and acquisitions
Last but not least — mergers and acquisitions. Enterprises are being proactive to put people and processes in place to help them support all major cloud vendors. This allows them to be ready when a merger or acquisition is announced and are now expected to work with a new cloud stack.
Most enterprises we talk to are navigating their way through modernizing their IT towards a multi-cloud strategy. The cloud has enabled greater flexibility, accessibility, and resilience and many are seeing the full benefits of these and being able to innovate at a rapid pace. However, with the convenience of the cloud, especially multi-cloud, there are challenges.
In the next blog, we will delve deeper into these challenges and more.
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