Gartner predicts that over 45% of IT spending on system infrastructure, application software, infrastructure software, and business process outsourcing will move from traditional solutions to the cloud by 2024. The hybrid Multicloud strategy has become the talk of the town among business leaders as most organizations are expanding their cloud use to maintain a competitive edge, speed up innovation, and transform their interactions with customers, employees, and partners. 47% of organizations looking for a cloud service provider are considering one with Hybrid Multicloud capabilities.
To understand the Hybrid Multicloud approach in detail, let's first understand the difference between the Hybrid cloud and Multicloud.
Hybrid Multicloud is a cloud computing method that comprises a combination of public cloud, private cloud, and/or on-premises environment. It's the go-to solution for businesses who need cloud migration, Microservices adoption, application development acceleration, management of dynamic workloads, containerization of workloads, and service portability across multiple cloud platforms.
"Kip Compton, an SVP of Cloud Platforms and Solutions at Cisco, said, "We recognize that hybrid and multi-cloud strategies represent the future for many of our customers. They want to develop and deploy their applications anywhere - on-premises, in the public cloud, or multiple public clouds seamlessly and securely. We're elated to accomplish this by integrating Cisco's industry-leading networking, data center, and security technologies leveraging Anthos and our partnership with Google Cloud."
Using Hybrid Multicloud, enterprises can distribute their applications and manage workloads across multiple environments by combining two or more models, such as on-premises, SaaS, private, and public clouds. Furthermore, these applications are connected over the internet using secure protocols, wide-area networks, or virtual private networks. In addition to ensuring availability, resilience, and flexibility, selecting the right model for a given application will deliver the most significant business benefits.
Vendor lock-in is a common problem in cloud computing, where businesses depend on a single provider and can't shift to another vendor. As a result, managing data and services' interoperability, portability, collaboration, and manageability becomes challenging.
By implementing the Hybrid Multicloud strategy, organizations can have greater flexibility in choosing an appropriate technology partner and have significantly more infrastructure, services, and pricing options.
The cloud provider market is characterized by increased competition and offers a wide range of value propositions that allow businesses to handpick the most appropriate solution.
Though there are costs associated with new cloud technology adoption, leveraging the combination of Hybrid and Multicloud strategies in an optimized way can help organizations save money and increase efficiency. The pay-as-you-go models offered by public cloud providers assist the Hybrid Multicloud platform in efficiently maintaining and managing all the resources. This gives enterprises an upper hand in managing their budget and resources well.
KPMG Ignition Tokyo couldn't move all of its data workloads into public clouds because some client data was too sensitive to be stored there. KPMG wanted to take the cloud advantages like complete automation and elastic scale while managing its data workloads through a single interface. The company enabled seamless management of their hybrid and multi-cloud resources using Azure Arc, reaping increased business value.
Even the most dependable cloud service enterprises occasionally experience downtime and outages. A cloud outage can seriously affect a business there's no backup plan in case of a cloud outage.
By executing a Hybrid Multicloud strategy, businesses become well-positioned to tackle outages, safeguard their important assets, and support their disaster recovery initiatives, as the business workflow is not affected by any means. The strategy helps automate the service restoration from a single unified platform, thus minimizing downtime and reducing overhead expenses.
As data legislations continue to evolve, countries across the globe experience strict and more specific data legislation regulations. Ensuring your business complies with appropriate legislation requirements and adopting best practices becomes essential.
Leveraging the Hybrid Multicloud strategy, you can experience an increased ability to select providers that align with your industry's compliance requirements and the legislative requirements of the countries you operate in.
The Hybrid Multicloud strategy is rapidly becoming a must-have for businesses. Most organizations have already turned to the Hybrid Multicloud environment to solve their business challenges. The strategy allows companies to avail benefits, such as breaking free from vendor lock-in, lower infrastructure footprint, increasing resilience, and handling downtime and outages. The key takeaways for CIOs here are that before adopting the model, consider asking a few questions, such as:
Once you decide that your organization can benefit from a Hybrid Multicloud approach, you can implement the plan by choosing the right cloud partner. Remember, manually implementing a Hybrid Multicloud strategy can be challenging. So, eliminate cloud boundaries by seeking a reliable cloud vendor to assist you in accelerating your digital transformation initiatives.
“The clients properly exploiting a strategic Hybrid Multicloud approach continue to expand their services, grow faster than our other clients and add new and profitable offerings.” - Mark Murphy, CEO of Softura.