Embracing Freedom and Flexibility in a Multi-cloud World
If it’s feasible and preferable to have an on-site private cloud due to specific security or configuration needs, then opting for a hybrid strategy is the way forward. However, if this isn’t a critical requirement, a multi-cloud approach still offers advantages in terms of disaster resilience, compliance management, and flexibility. It provides these benefits without the added complexity and infrastructure investment associated with a hybrid cloud setup. For most small and mid-sized businesses, a multi-cloud approach strikes the right balance, delivering the needed flexibility and reliability.
Does your company need a multi-cloud strategy?
Embracing a multi-cloud approach offers you the freedom to manage your applications directly, enabling control over critical factors like cost, uptime, latency, and downtime, all of which significantly influence your customers’ experience. This strategy helps you steer clear of vendor lock-in, empowering you to discover the cloud products and services that offer the most value.
Of companies adopting [multi-cloud strategies](https://www.oracle.com/lu/news/announcement/98-percent-enterprises-adopted-multicloud-strategy-2023-02-09/), data sovereignty (41%) and cost optimization (40%) emerge as the leading drivers. Additionally, factors like business agility and innovation (30%), accessing best-of-breed cloud services (25%), and concerns about vendor lock-in (25%) play crucial roles in shaping these strategies.
Your organization might find a multi-cloud strategy suitable if you prioritize:
- Enhanced flexibility and avoidance of vendor lock-in
- Ensured high availability to prevent website downtime
- Robust data protection and risk mitigation planning
- Optimal latency and load times for customers
- Competitive pricing across cloud providers
- Consistent access to network performance improvements
- Adherence to region-specific compliance regulations
Opting for multi-cloud environments can effectively reduce your IT expenditures. Public cloud solutions involve fewer overhead costs and provide the flexibility to scale resources based on your requirements. This approach enables you to decrease the Total Cost of Ownership (TCO) while optimizing the ideal balance between pricing and performance offered by various providers.
3. Avoid vendor dependence and lock-in
In the event of infrastructure issues or security breaches from one cloud provider, multi-cloud users have the flexibility to swiftly transition to another provider or backup to a private cloud. Embracing Freedom and Flexibility Multi-Cloud providers mitigate risk through redundant, independent systems equipped with strong authentication measures, vulnerability testing, and API asset consolidation.