Multi-Cloud Strategy: Many businesses have adopted cloud services as a strategy to stand out in this age of competition. Multi-cloud is one of the latest strategies for the environment by the end of this year. This research highlights that multi-cloud will be high-in-demand in the future.

Data sovereignty, controlled cost, and increased redundancy are some of the benefits of multi-cloud that help businesses save costs, mitigate risks and improve efficiency.

Understanding the distinctions between cloud environments - Multi-Cloud Strategy

multi cloud strategy the must adopt strategy for businesses
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Knowing about the differences between single or multiple cloud, private or public cloud and the hybrid cloud helps in choosing the right cloud technology.

Single/Multi-cloud environment

Private/Public Cloud

Only one cloud service provider provides services when businesses choose a single cloud environment. AWS, Google Cloud or Azure provides all Saas or Paas services. In the case of a multi-cloud strategy, different cloud services provide different services like cognitive serves by Azure and scalability by AWS.

The computing services offered over a private network is known as a private cloud. The internal hosting and firewalls of the company provide more privacy and security. This minimizes the risk of data leakage of a company.

On the other hand, the computing service in which the resources are made available to the public by the provider over the internet is called a public cloud. This cloud service facilitates quick access to the latest services.

Hybrid cloud

The hybrid cloud contains the characteristics of both private and public cloud. Organizations can utilize the facilities provided by both of the clouds from a single hybrid cloud.

The need for adoption of a multi-cloud strategy for businesses

Businesses can use any of the cloud environments according to the requirements. Startups can adopt a single cloud environment to support the business and gradually opt for other cloud environments according to the increasing needs. Some of the benefits provided by different cloud platforms are as follows:

High Resiliency

Different cloud services have different strengths. AWS of Amazon has minimum compute cost, enterprise presence of Azure is strong and Google GCP provides the best analytics solutions.

Data Sovereignty

The rapid increase in digital data everyday exposes businesses to data breaches. So in order to protect the data from leakages businesses have to follow some rules. The software offered by multi-cloud strategy platforms helps businesses comply with all the regulations. This results in data sovereignty.

Decrease in cost

OpEx and CapEx cost is reduced by the use of a multi-cloud strategy. The service provider that provides cloud services at minimal cost can be chosen by comparing different service costs in a multi-cloud approach.

Savior for Vendor Lock-in

The inability of an organization to switch to other cloud services that provide better features, functions, and facilities is termed as vendor lock-in in cloud computing. This vendor lock-in situation can be avoided by adopting a multi-cloud strategy.

Challenges in the adoption of a multi-cloud strategy

Although multi-cloud offers numerous advantages, it has some disadvantages too. Before the adoption of cloud computing, it is necessary to check the performances of the services, compare costs, security and efficiency of the service provided. Initially, every business organization small or large faces these challenges while adopting multi-cloud strategy. Gradually these challenges can be overcome to get benefits from this strategy.