As businesses continue to mature their cloud footprint, it is imperative for them to re-work on the optimal cloud strategy. Owing to the ever-changing business landscape, customer preferences, compliance and regulation requirements, enterprises seem to favor a cloud strategy that is scalable, agile and resilient. Given the confounding array of choices available from multiple providers, organizations face the dilemma of deciding on the type of deployment that would best suit them. With the growing adoption of Containerization in today’s scenario, businesses have the flexibility to distribute their applications/workloads across several cloud providers in a multi-cloud setup, thus, mitigating risks, driving innovation, optimizing costs, and bolstering agility and resilience
In this scenario, organizations must understand the business value that can be unlocked by adopting a multi-cloud strategy.
Multi-cloud and the Luxury of Choice
The flexibility of a multi-cloud approach allows organizations the freedom to pick, choose and customize solutions to best fit their needs. Enterprises can work towards a ‘best of breed’ model, utilizing the best features different providers offer. For example, some providers offer low-cost hosting, and others offer specialized services. A multi-cloud approach would allow organizations to optimize and make the most of both low-cost and specialized services, as required.
Apart from flexibility, this approach ensures access to a host of tools tailored to specific requirements. This, in turn, enhances performance and indirectly gives innovation an impetus.
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Avoidance of Vendor Lock-in
A multi-cloud model minimizes an organization’s dependency on a single provider and allows it greater control and autonomy. An additional benefit comes in the form of enhanced negotiating power since the organization has multiple providers to choose from.
Eliminating vendor lock-in also helps organizations manage costs efficiently by spending more on best-of-breed solutions for core business needs and seeking more affordable solutions for lower-priority projects.
Business Resiliency and Disaster Recovery
A multi-cloud model becomes crucial to prevent a full-scale network outage, allowing an organization to ensure business continuity through backups even if there is a service outage.
Compliance and Regulatory Requirements
Multi-cloud allows organizations to comply with regional data sovereignty and data protection laws that may require data to be stored in specific geographies. By having secondary providers who can comply with local regulations, organizations can avoid compliance issues and enter new markets with lesser effort.
Access to New Markets
With multiple providers with access to different geographical regions, the barrier for entry into new regions is lower, and an organization can easily enter new regional markets.