The cloud has been one of the transformational architects of the digital revolution that came into its own during the pandemic. It enabled enterprises to optimize resources and reduce storage and processing expenses. Workspaces have been able to function in a worldwide lockdown thanks to the efficiencies offered by the cloud.
Should you be using one cloud or multiple clouds for optimum returns - this is a question that plagues most startups. Having clarity around this and creating a setup on these lines could make all the difference between survival and extinction in the long run. Digitization has made the business landscape very dynamic which makes it critical for enterprises to follow the existing trend instead of staying in a state of denial.
A decade ago moving to the cloud was considered a huge move. Today we talk about moving to multiple clouds in the same manner. According to a report by IDC, the Indian public cloud services market is expected to hit $13.5 billion by 2026 at a CAGR of 24 percent. This gives you a clear idea about the demand for the cloud in the coming years.
The switch from the traditional IT infrastructure to a multi-cloud environment is now becoming popular, accelerated by the situation created by the pandemic. Businesses have the option of picking a combination of clouds instead of being stuck with a single vendor. It allows enterprises to improve their efficiencies and agility, enhancing results. This creates a better fit and benefits all the stakeholders in the long run.
If you have already chosen to migrate to the cloud, you already have an edge over your competition. It is time you stepped on the accelerator now and looked at the option of using multiple clouds for different aspects of your business. This may yield better results as each cloud is developed to sort a particular kind of issue and one size may not fit all. It is prudent to identify the exact business needs and migrate to the clouds that fulfill them instead of force-fitting them all into one cloud.
Since cloud resources operate on a pay-as-you-use basis, there is no sense in blocking funds in a sub-optimal solution. Instead, enterprises can look at a multi-cloud option to maximize return on cloud investment. It is better not to enter into a lock-in agreement with any vendor as it will give the company flexibility to leverage the benefits that each cloud provider may offer.
Let us look at the obvious benefits that a multi-cloud environment provides.
No Dependence on a Single Provider - Since enterprises have the flexibility to choose multiple clouds depending on the nature of the workload involved, there is no need to rely on a single provider. This reduces a single point of failure as well in an eventuality.
Maximizing Return on Investment - Cloud providers offer a pay-as-you-use facility so there is no need to block capital at one go. By choosing the right mix of public clouds, you can optimize your costs and get better returns. There is no need to lock in a single provider and limit your options.
Focusing on Business Objectives - Switching to a multi-cloud environment cuts out the operational issues and roadblocks leaving the founders with more time to focus on core business goals. It can be too taxing in the initial days to focus on IT infrastructure and get them running. By moving to the right mix of clouds, it is possible to distribute the workload to the best-aligned cloud providers. This will set the founders free to focus on growing their nascent business.
Better Leveraging Capacity - Since cloud providers charge on the basis of usage, it is prudent to optimize the selection of the cloud. Cloud providers have their own niche areas and specialize in handling particular kinds of workloads. Since enterprises will be dealing with multiple cloud service providers, they get an opportunity to negotiate prices better.
Customized Solutions - Just as one size cannot fit all, the multi-cloud approach should be tailored to fit the needs of the organization. Based on the specific enterprise needs, Chief Information Officers should look at a bouquet of cloud service providers, assess their offers, and leverage their USPs.
Cloud Exchange - Exchanging clouds is an interesting way of operation as it will give businesses the opportunity to extract efficiencies by selling idle resources as a SaaS provider. A seamless exchange of clouds can optimize business performance and improve user experience. The point to be noted is the focus on enterprise security and there should be no compromise in that regard.
No Need to Reinvent the Wheel
Since cloud providers offer secure network connectivity with enhanced capabilities there is no need for businesses to design and develop their own networks from scratch. Enterprises can use the faster network offered by vendors to expedite business processes which may result in some costs but will definitely boost performance.
Choosing a mix of clouds based on the technological requirements of the enterprise is not as complicated as it sounds. In fact, doing so can help the enterprise make informed decisions. Businesses should consider the need for speed, security, and potential for scaling up while deciding on the mix of public clouds they should go for.
Startups have a set of business challenges to deal with and it is not prudent to load them with more by having a single cloud which may not have the capabilities to handle all the business needs. Under such circumstances, businesses should use the intelligent option of choosing multiple clouds which will give them value for money as well as improve the overall functioning capacity of the enterprise leading to better business outcomes.
The main benefit behind choosing a multi-cloud environment is to improve the operational efficiencies of the business while distributing the risk. In the coming years, this strategy will yield good dividends to early movers. As with all technology trends, the early adopters get the maximum benefits and those who stay in denial are condemned to the fate of the dinosaurs.