Read Introduction: #10 Hosting Trends Series for 2021 and 2022
Multi-cloud hosting trends highlights
- Emerging technologies like multi-cloud hosting empower businesses to rise up from the early
- effects of the pandemic and build a robust foundation for the coming years.
- A multi-cloud platform can integrate the best services that each cloud host offers.
In 2020, the most pressing operational challenges for enterprises with multiple clouds
involve the provision of consistent security, access control, and compliance requirements.
Emerging technologies that allow organizational resilience, team collaboration, and massive data management empower businesses to negate the early effects of the pandemic and help build a tough foundation for the future. One such technology is multi-cloud hosting.
This relatively new cloud-based hosting approach involves the distribution of a wide array of cloud assets like documents and software across two or more cloud environments. From a business model perspective, it is a strategy where an organization leverages several cloud computing platforms to carry out different tasks and processes. It frees a company from total reliance on a single cloud host by giving the option to engage multiple providers. With this setup, an organization can choose to only use the best-of-breed services from each cloud host.
Due to the impact of the pandemic, 38% of technology executives worldwide plan to increase their multi-cloud and/or hybrid cloud emerging technology spending in the next 12 months for 2020 (KPMG, 2020). For the same year, another study found that 93% of businesses are shifting to a multi-cloud architecture (Flexera, 2020).
Multiple is better than one
This next-generation cloud approach increases the advantages of cloud hosting while streamlining various business aspects like security, interoperability, data access, and IT operations. Merely putting all business data in the public cloud does not offer the ultimate solution. Rather, good risk management entails distributing one’s digital assets to several public cloud service providers (IBM, 2020).
In 2020, 35% of companies that have already transitioned to multi-cloud hosting say that their most crucial challenge entails the need for reliable compliance, access control, and security (IBM, 2020). This originates from the complexities that are inherent in any multi-cloud setting, such as the possibility for excessive egress costs, data gravity, and broken silos.Still, the multi-cloud approach is expected to further expand in deployment mainly because it can seamlessly integrate the best services that every platform provides. This method also enables businesses to personalize a cloud system that specifically addresses their organizational objectives.
What’s more, a multi-cloud strategy allows for lesser risk. In case a single cloud host fails, a company can remain operating using the other cloud hosts in a multi-cloud architecture, which is not possible if all data is stored in a single location. And because of the new challenges that materialized due to COVID-19, 59% of organizations will likely go over and above their original cloud usage plans (Flexera, 2020).
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