As cloud computing gains widespread acceptance, enterprise cloud usage for specialist needs like data analytics is introducing a greater need for scalability, accessibility, speed,and economy. This is driving the adoption of multi-cloud and hybrid cloud solutions.
Flexera’s 2022 “State of the Cloud” report reveals that 37% of businesses have spent over $12 million annually on cloud computing. Other reports reveal that over 90% of enterprises across domains have implemented a multi-cloud strategy. About 82% have adopted a hybrid cloud infrastructure. In short, enterprises are investing in highly dynamic and complex combinations of the public and private cloud.
The massive adoption of cloud computing is enabling business transformation by empowering modern trends like remote working and connected devices. Going forward, cloud computing is expected to enable tech-driven strategies like the metaverse, analytics-driven AI and ML, and quantum computing.
It’s apparent that businesses are realizing the value of investing in many cloud platforms instead of relying on a single cloud platform. This is why multi and hybrid cloud solutions will emerge as the top trends in 2023. Here’s a closer look at it.
What Is Driving the Growing Business Adoption of Multi and Hybrid Cloud
Solutions?
2020 marked the year when cloud adoption accelerated due to trends like “work-from-home” and a distributed workforce. Multi-cloud solutions became essential for managing remote work operations daily. Among its advantages, a multi-cloud computing platform enables business leaders to select a mix of cloud providers that provide the best environment for their applications.
Elsewhere, besides combining the private and public cloud, the hybrid cloud architecture emerged as a powerful model for data-driven companies. The hybrid cloud enables the adoption of technologies like AI and machine learning, as businesses leveraged the cloud to the fullest to drive data analytics outcomes. To build efficient AI models and analyze high-quality data, data-centric organizations require immense computing power and storage that is available only through the cloud.
Among the popular trends, multi and hybrid cloud platforms are enabling the following:
- Container technologies like Docker and Kubernetes for rapid application deployment.
- Serverless computing and Function-as-a-Service for developers to write application code without worrying about the underlying infrastructure.
- Multi-cloud security for providing failover options when any cloud provider suffers a failure.
What are the business benefits of implementing a multi and hybrid cloud solution, especially in the context of data analytics? Let’s discuss it next.
How a Hybrid and Multi-Cloud Strategy Can Benefit Businesses
Here are the business benefits of implementing a hybrid and multi-cloud strategy:
1. Data Management
With growing data volumes, organizations find it challenging and time-consuming to migrate large datasets. Due to data gravity, organizations prefer to deploy their applications or services on the same cloud platform (despite having better and cost-effective alternatives).
By connecting to multiple clouds, a multi-cloud strategy makes it simpler for them to store data in proximity to their cloud applications and perform data analytics. Multi-cloud is also useful for performing timely data backups and archiving.
2. Cross-Cloud Integration
environments. To some degree, they can mitigate this challenge using cloud-native services and containerization.
A hybrid and multi-cloud strategy is beneficial with improved integration and workload sharing across cloud environments. Besides, enterprises can also optimize their integration costs.
3. Scalability
A hybrid cloud environment enables companies to run their applications on the private cloud. As the demand increases, they can now easily “scale” or “burst” their applications on the public cloud to ensure continuous operation. Through cloud scalability, they can easily manage periodic spikes in demand without any overprovisioning.
4. Data Processing
Through the integration of the public and private cloud, hybrid cloud environments enable companies to rely on third-party cloud providers for their data processing and analytics. With the hybrid cloud, companies can now leverage the public cloud to run analytical queries on local data stored in the private cloud.
How does Ellicium enable cloud solutions with its cloud engineering services? Let’s discuss that next.
How Ellicium can help with Cloud engineering
Here is what our cloud engineering services include:
- Recommending the best cloud service providers based on your requirements.
- Implementing an optimum hybrid and multi-cloud setup to build effective solutions.
- Managing hybrid and multi-cloud environments after deployment.
- Leveraging business benefits like cost efficiency, scalability, security, and improved decision-making through cloud-powered data analytics.
Here is a case study of how Ellicium implemented a cloud-based data archival solution for a paper manufacturer.
Conclusion
An effective multi and hybrid cloud strategy must go beyond current organizational needs and consider long-term business goals. In 2023, organizations will continue to invest and reap the benefits of multi-cloud and hybrid-cloud solutions.
At Ellicium Solutions, we simplify cloud transition for our global clients so that they can maximize their business value. Among the leading cloud trends in 2023, here’s what CIOs must be focusing on.
Looking for a technology partner to help you in your cloud journey? Contact us today!