Multi-cloud strategies are becoming more popular as organizations use digital technology to reinvent customer and employee experiences. Cloud computing has been almost universally adopted in recent years. The Indian public cloud services market will reach $10.8 billion by 2025. This is a significant increase from the 24.1% growth rate for 2020-25.
Multi-cloud can be more efficient, agile, and scalable for organizations. However, businesses may have to make some compromises. Many myths and misconceptions surrounding multi-cloud are common due to cloud solutions becoming more popular in modern workplaces. These myths about multi-cloud need to be dispelled.
Myth 1. Many enterprises rely only on one cloud provider. But, you should know why multi-cloud approaches are necessary.
Enterprises know that not relying solely on one cloud provider to host all of their workloads and applications is a bad strategy. According to a survey of public cloud users, 81% said that they work with more than one provider for all their applications and workloads. Multi-cloud options are best for business needs. Research also shows that enterprise buyers prefer to choose multiple cloud providers for hybrid deployment, and another cloud provider to manage workloads. This helps avoid any limitations.
Large companies are looking to implement a multi-cloud strategy in order to increase agility, reduce vendor lock-in and cost, and to improve flexibility. Cloud infrastructure is constantly changing so it’s not wise to rely on one cloud provider. Multi-cloud optimization allows you to maximize speed, agility, and security by prioritizing application development and workloads.
Myth 2. Myth 2. Multi-cloud is costly. Or is it cost-effective to reap greater benefits?
According to a study, 53% of multi-cloud users felt that it helped them reach their business goals. Multi-cloud architectures, when fully optimized can accelerate service delivery and reduce costs. Companies can quickly deliver transformative apps to their customers and employees, strengthening their competitive position.
Multi-cloud organizations have:
- Improved customer experience and growth with a 35% increase due to faster modern app delivery
- Scaled their businesses while enabling product/service innovation with 41% fewer cos and fewer hours spent IT infrastructure
- Allows employees to do their best no matter where they are. 35% productivity saving for a distributed workforce.
Myth 3. Myth 3.
Multi-cloud architectures today are complicated and will only get more complex as companies move more workloads to the cloud. Sometimes, these workloads may be spread across multiple clouds. New cloud offerings will be offered by 5G telcos, with more clouds at edge locations and a greater focus on security. The one drawback to managing multiple clouds is the fact that toolsets offered by providers typically only work within their cloud. This means that multiple teams must manage different clouds simultaneously, which reduces efficiency and increases cost.
These complexities can be overcome by consistency in visibility across clouds at the infrastructure and management levels. This can become a potential opportunity. This can give enterprises a competitive edge in today’s changing economy. It also allows organizations to develop well-crafted strategies and allow them to innovate quickly. It is no surprise that 91% Indian executives are keen to increase consistency in their public cloud environments.