Will Multi-Cloud Become The Ultimate Business Strategy In 2020?

If we are to sort the cool kids in the business tech world right now, Cloud computing will turn out to be the coolest of them all. And we are not saying this just because we want to. In the current business world, there is a serious rush among organizations to switch to cloud computing as soon as possible. This rising popularity is not baseless though. Cloud computing simply has more benefits to leverage than an on-site IT infrastructure.

Recently IDG conducted a 2020 Cloud Computing Survey among businesses, and it reveals some stunning statistics regarding the shift in cloud computing. The survey which was conducted on 500 tech buyers, discussed some interesting turn points for the cloud computing integration trends.

Mass Adaptation Craze Or Real Valuable Decision?

According to the survey, 92% of organizations have admitted that their applications are already in the cloud, and this percentage is expected to increase by up to 95% in 18 months. During the survey, 59% of people in the buying process for cloud computing solutions said that they have plans to switch almost all of the IT functionalities in the cloud within these 18 months, while 38% are already operating the IT structure of their companies from the cloud.

This mass adaptation comes not as a surprise, but as a somewhat obvious result of the rising benefits of cloud computing compared to on-premise data centers. The benefits of the cloud, such as reliability, agility, and scalability are giving the on-premise IT a serious run for its money. So much so that at this point no IT company is even thinking about keeping their IT environment on site.

Budgeting The Cloud: It’s Not About The Cost

With 92% of organizations vowing to move to cloud-based environments, the question of cost does come to mind. According to the survey, respondents revealed that in the next 12 month period they would invest around $73.8 million on average, which is an incredible 59% rise from the 2018 research. Also to be noted, this is a whopping 32% of the IT budget that will be allocated for cloud solutions.

However, this research was conducted before the economy took a downward spiral. Now it’s just a waiting game to see if this downturn will decrease this amount allocated for Cloud-Based Applications or cause a serious rise once again, considering that cloud service demands are really high right now.

It is expected that in the next one and a half years, the share of SaaS applications of various organizations will rise from the current 24% to 36%. The cloud infrastructure as an application development platform will reach 48% which happens to be 42% right now.

Managing The Multi-Cloud: The Real Benefits

The various cloud computing services online offer a wide range of quality, weakness, and strengths. And that is why most businesses are choosing a multi-cloud strategy, that includes different types of cloud computing, such as public, private as well as hybrid cloud systems. According to the IDG survey, 49% of organizations are driven to adapt to this strategy because they want the best possible service.

The widespread adaptation of a multi-cloud strategy is mainly due to the various benefits, such as the ones listed below. 1. Fitting The Business Requirements Perfectly

One of the top benefits of choosing a multi-cloud strategy is that business owners do not have to optimize key requirements to fit the services provided. Businesses now have the freedom to align one business task with one SaaS provider, while choosing another service provider for another task. This way organizations can grow and utilize modern application architecture without having to limit their functionalities. 2. Better Pricing

This strategy helps organizations to find the best prices of cloud computing software for their requirements. They can compare the rates of different multi-cloud service providers and choose for themselves which service provider serves their purpose best. In these cases, factors such as contracts and how adjustable they are, payment flexibility are a few of the most important elements. 3. Agile Work Process

Integrating a cloud computing infrastructure is still not an easy task, mainly due to the fact that lots of companies tend to struggle with legacy systems and old structures. But with the help of effective service providers, businesses can draw plans that can increase the agility of the inner workflow. With a properly optimized work process, web design companies would be able to perform even better. 4. Resilient Data Protection Services

Multi-cloud computing strategy brings some more resilience to the businesses when it comes to data security. With multi-cloud computing security, the company gets better chances of backing up their data and retrieving it in case of any emergency. And that’s why this has become one of the primary elements of any business’s disaster management strategy. 5. Scalable

With real-time synchronization and automation features, Multi-Cloud management platforms are one of the most favorite among the business owners. The storage or data analytics facility can be scaled according to the demands of the business, ensuring future scalability and increasing the business capacity of the organizations. 7. Avoiding The ‘vendor Lock-in’

Vendor lock-in is a popular and yet dreaded thing in the business world. It happens when a business enters a contract with the service providers without evaluating the contract and gets stuck with some kind of unbreakable or rigid clause in the contract.

With a multi-cloud strategy, businesses can carefully evaluate the contracts and have a better negotiation position, from where they can change service providers. This vendor lock-in happens to be one of the main reasons why multi-cloud computing for small business are becoming popular. 8. Improvements In Network Performance

With rapidly developing multi-cloud computing concepts technology & architecture, businesses can harness the better speed and better network facilities than their competitors. It uses fast and low-latency connections, enhancing application response times. All this happens without the businesses having to spend a lot on integrating cloud systems on their IT infrastructure.

Wrapping Up: Is It Time For You To Start Juggling Clouds Too?

There’s no doubt that in the coming years’ cloud computing is going to become the new norm while on-site IT structure becomes a thing of history books. And in such a scenario, a multi-cloud strategy is turning up to be a more and more intriguing solution for businesses that want more flexibility and more benefits. This is in fact the right time for the businesses to switch to a multi-cloud strategy and integrate the functionalities for better business growth in the coming future.