Cloud Strategy

Don’t Have a Multi-Cloud Strategy? Here’s Why You Must

A few years ago, companies worried about migrating their business to the cloud environment. After the pandemic, the problem is now about uploading their business to several cloud setups! A Virtana survey indicated that 82 percent of companies across the world have a multi-cloud strategy already in place to address the issue. In this article at Upside, Virtana’s product management VP Jon Cyr talks about adopting a multi-cloud strategy to survive the volatile market and increasing customer demands.

Why You Should Adopt a Multi-Cloud Strategy

Benefits of a Multi-Cloud Strategy

The best part about moving to the cloud is broadening service outreach, increasing deployment speed, and improving efficacy. Not only these, but you can also hire remote talent to support your global network from multiple continents. However, a multi-cloud strategy alone cannot help you. Per Gartner, organizations that adopt the model without a strategy might waste 70 percent of their budget.

What to Keep in Mind

Ninety-six percent of organizations think a multi-cloud strategy can enable cost efficiency. But they do not have the proper setup for it. Interestingly, 95 percent of businesses opt for serverless strategies for streamlining resource allocation, scalability, and cost savings. So, it is important to know what model works best for your company.

Choosing Multiple Environments Per the Needs

According to the survey, three-fourths of the respondents have deployed their workloads in more than two cloud setups. Remember, maintaining a multi-cloud strategy is costly. So, purchase packages from vendors per the requirements and options available for you.

The Risks Involved

Seventy-five percent of the participants confessed to lacking cloud governance. Despite that, half of them are increasing their public cloud instances in 2023. However, Cyr confirms that “unified visibility and cloud management are critical to enforcing cross-functional accountability and formal governance.”

Leveraging Multiple Tools

Using multiple tools to keep track of things is not unusual. If you cannot get adequate data out of them, you are doing it wrong. Sifting through the volumes of data every company system collects is not humanly possible. So, you must install automation tools to cut through the noise.

Surprisingly, the multi-cloud strategy model was most prevalent in the companies that were not the “Big Three”. Additionally, businesses are interested in increasing their public cloud environments. 78 percent of the respondents plan to partner with a public cloud vendor in their upcoming multi-cloud strategy.

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