5 Reasons Why Companies are Opting for a Multi-Cloud Strategy

on May 21, 2024

Organizations are embracing the multi-cloud approach as it offers them the freedom to manage data, workloads, and applications efficiently. It eliminates vendor lock-in and delivers optimum cost, latency, and uptime. Exploring multi-cloud strategy for your business? Here are five major reasons why companies are choosing a multi-cloud strategy that promises impressive ROI on business continuity, operations, and compliance.

Protection Against Outages

With a multi-cloud strategy, organizations can shield their data and workloads from a single point of failure, as in the case of exclusive cloud storage. The move ensures access to data anywhere and at any time, even if an outage or cyberattack is happening at a particular cloud provider. It enables uninterrupted access to cloud-stored data with minimal to no impact on a company’s capacities and capabilities.

Cyberattacks on an exclusive cloud provider may translate to serious implications on a company’s data, production, and logistics facilities, among others. This is what makes the setup a ‘single point of failure’ whereas a multi-cloud approach won’t have this issue to begin with.

Vendor-Specific Capabilities

One of the top reasons companies are opting for a multi-cloud strategy is the access to vendor-specific capabilities. Since each cloud provider may have different systems and technologies, each can handle different workloads. Identifying these use cases can help unlock untapped potential on the cloud. For instance, cloud provider ABC might have low-latency networks required for real-time operations such as banking transactions and autonomous driving, while PQR could offer advanced machine-learning capabilities required to track fraudulent activities in banks.

Maximized Savings

Setting up an on-premise data center requires ample upfront investment. On the contrary, opting for a cloud infrastructure is affordable, and requires minimal costs that pave the way forward. Partnering with multiple cloud providers can reduce IT expenditure even further thanks to their competitive pricing in an attempt to handle a major chunk of your business transactions than other participants.

Additionally, each provider will have different pricing models, such as per minute, per hour, or workload type, calculating which, you only pay for what you use or consume rather than spending a huge sum on buying and maintaining hardware and software required for on-site data center.

You can explore the intricacies of public and private clouds based on use cases. For instance, public clouds are usually cheaper, offering flexibility and fewer overhead costs. Businesses can dynamically distribute workloads across a series of cloud providers for an economical environment with robust resource allocation and utilization. Organizations can adjust their dependencies on each cloud provider, reducing total cost of ownership (TCO) and optimizing each provider’s products and services to get the best overall value.

Security and Regulatory Compliance

Using multiple cloud providers helps organizations stay in line with regulations set forth by concerned authorities and governments which is especially helpful when your organization is operating in more than one region/country. Organizations enjoy mechanisms spearheaded by cloud providers to mitigate any risks arising from ever-changing regulations concerning vendors, services, workloads, or environments.

Certain countries impose strict data sovereignty laws on businesses operating on their soil such as limitations on where the data can be stored. With a multi-cloud approach, companies can ensure abiding by sovereignty laws keeping the data securely stored in specific geographical areas to mitigate any legal implications.

Enhanced Resiliency & Risk Mitigation

Having a multi-cloud strategy in place is instrumental for organizations as it enhances risk management with redundant data spread across independent systems. In the event of a data or security breach, organizations can transition to another cloud provider to ensure business continuity and operations. It is also possible because the data is stored on different servers which minimizes downtime. Moreover, one can set up enhanced disaster recovery capabilities bringing lost or corrupted data in case of a breach. 

How We Can Help With Your Multi-Cloud Strategy?

5 Reasons Why Companies are Opting for a Multi-Cloud Strategy

In summary, a multi-cloud strategy offers untainted reliability, flexibility, scalability, compliance with regulatory bodies as well as the best of services from every cloud provider participating in a cloud environment. The aforementioned were just the tip of the iceberg in terms of reasons why companies are opting for a multi-cloud infrastructure compared to a single-cloud environment.

Want to move your data to the cloud? Considering going digital-first with an all-encompassing digital transformation overhaul for your business? Cloud Box Technologies is at your service. With more than a decade of experience in handling enterprises of all sizes, we have gained immense expertise and a proven track record in implementing cloud technology across our clients in the UAE. Partner with us to enjoy hassle-free and seamless migration and peace of mind while we do the hard work.

Contact us today at 04 210 1900 to learn how we can seamlessly transition your business to a multi-cloud environment and enhance your operational resilience. Visit www.cbt.ae for more information!