Now that the use of cloud systems is effectively becoming a standard in IT strategy, most companies are fully aware of what these solutions have to offer. But, a new trend is putting a twist on the standard way of thinking, leading many businesses to turn to multi-cloud strategies instead of selecting a single provider.
Why are they taking this route? Because it offers benefits that a single vendor isn’t likely able to provide. Here’s what you need to know.
What is Multi-Cloud?
While there is some variation in the definition, at its simplest, multi-cloud strategies involve using more than one cloud service provider to handle various business requirements. The approach is gaining traction because it can help mitigate risk, create a form of price protection, and optimize processes.
One of the main reasons companies turn to the cloud is to decrease the possibility of downtime by including more functional failover systems. Often, larger cloud providers have a measure of this built in as they use more than one site to support their operations. This means that, if one site were to fail, a secondary site automatically picks up the workload.
However, if you choose a provider that doesn’t have multiple sites or experience a situation where the entirety of the vendor’s services was taken offline simultaneously, then you have no access to the data or applications you may need to continue operations.
A multi-cloud strategy effectively limits the effects of site failures since not every function is in the same place.
Getting locked into a contract isn’t an ideal scenario for business, especially if the price isn’t guaranteed over the long-term. Plus, once you select a single provider, your bargaining options become incredibly limited for the duration of your contract.
Companies using a multi-cloud approach benefit from always having leverage when it comes to price. Since most cloud-based services offer scalability, you can choose to relocate functions from one provider to another if the first isn’t willing to meet the price point you need. Also, you can use the intent to create new applications as a bargaining chip, giving you a negotiating point for bringing the total price of your services down.
By instituting a multi-cloud strategy, your internal development team can select the option that is ideal for the anticipated workload of new applications or systems. Employees can choose the platform or service that best meets the needs of an individual project, lowering the time-to-market and increasing cost effectiveness.
As you can see, a multi-cloud strategy can be ideal, especially if you are a company that is looking to invest more into cloud services. However, it is important to have a plan in place to make the transition manageable. You’ll often need a multi-cloud dashboard to help monitor resources and institute key pieces of IT governance and suitable controls. Once these are in place, you are set to get the most benefit possible from a multi-cloud solution.