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8 Ways In Which A Multi-Cloud Strategy Can Ace Your Business Game

8 Ways In Which A Multi-Cloud Strategy Can Ace Your Business Game
21/05/2021 57

Today all organizations have moved towards adopting a multi-cloud strategy. It is happening because organizations have realized the power of the cloud and how it can benefit them. A multi-cloud strategy can provide your business with the best of all words and create a unique blend that is curated according to the needs of the business. The contemporary business environment is evolving each day. If your company believes in moving forward with time, then now is the time to look at the immense benefits of a multi-cloud strategy and implement it in your business strategy. If you are intrigued to know all the benefits of adopting this, read the article further to dive deep into the multi-cloud world.

What is Multi-Cloud?

The use of multiple cloud computing and storage services in single network architecture is known as multi-cloud; simply two or more cloud computing services from many different cloud vendors are known as multi-cloud. The distribution of cloud assets, software, applications, and other resources across multiple cloud environments is referred to as this. A multi-cloud environment aims to eliminate reliance on any single cloud provider or instance, with a typical multi-cloud architecture utilizing two or more public clouds as well as private clouds.

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A multi-cloud environment could be entirely private, entirely public, or a hybrid of the two. Multi-cloud environments are used by businesses to distribute computing resources and reduce downtime and data loss risk. They can also expand a company's computing and storage capabilities.

Why Should your Business Use a Multi-cloud Strategy?

A multi-cloud strategy allows businesses to choose from various cloud services from multiple providers, as some are better suited to specific tasks than others. Many multi-cloud environments can assist companies in meeting their governance, risk management, and compliance goals. Having multiple cloud environments ensures that you always have data storage resources available, preventing downtime. It also allows your company to be more adaptable to changes. Below are eight advantages of adopting and implementing a multi-cloud strategy in your business.

1. Avoid Vendor Lock-in for Your Business

With a multi-cloud strategy, the power lies in your hands and not the vendor. Many companies have dealt with traditional enterprise companies such as Oracle and are accustomed to vendor lock-in. Organizations that enter into a cloud service provider relationship without first carefully evaluating rules related to costs and add-ons quickly discover that they cannot change specific terms and conditions cannot change certain terms and conditions. Companies can harness the power of the cloud and get the most value out of their partnership with any cloud service provider. By carefully evaluating the expectations and potential pitfalls and having a strong negotiating position, it is easy to switch from one cloud provider to another.

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2. Filter From All the Options in The Market and Choose the Best Combination

If you are given an option to choose one of five offered items or choose the best qualities of all five items and make your desired item, then which one will you choose? Selecting the best from every item is a more beneficial deal. So with a multi-cloud strategy, administrators can align their business requirements with the best cloud-hosting providers for each task when incorporating multiple clouds into a company's IT strategy. You can achieve a high level of agility by having numerous options and matching each part of their business to a specific provider's setup and execution terms. Rather than bending your processes to meet a provider's requirements, you can choose from various options, each of which is the best fit for different aspects of your business.

3. Improved Security for Your Business

Increased security is included in the benefits of a multi-cloud strategy because cloud providers are responsible for the safety of their infrastructures; they can ensure that your company has all of the necessary capabilities to protect your data. Ensure you fully comprehend how all entities in your cloud environment interact with the cloud applications available to you. As your infrastructure and software evolve, you must assess your network's security regularly. With multiple cloud servers, you can benefit from numerous security checks too.

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4. Enhanced Speed and Processing Power

Multi-cloud interconnection enables you to build a high-speed, low-latency infrastructure while lowering the cost of integrating clouds with your existing IT infrastructure. A multi-cloud approach leverages proximity and uses fast connections to significantly improve application response time while providing a better user experience by allowing enterprises to extend their networks to multiple providers. Only faster, private links between numerous cloud service providers can provide a highly optimized interconnection.

5. Great Pricing Equals an Added Advantage

Since the multi-cloud strategy dawns the power to choose vendors, selecting pricing options is also in your hands. As the number of multi-cloud providers increases, a competitive market emerges to provide optimal pricing for various resource capacities while remaining appealing to the majority of cloud users. With this in mind, businesses can now compare different providers and secure the best available rates based on their unique IT requirements. And, because you are not bound by the terms of any single cloud provider, you can choose the best vendor based on features like payment flexibility, flexible contracts, customizable capacity, and other critical components.

6. Seamless Flexibility is Now Feasible

Infrastructure flexibility is another way a Multi-cloud strategy can shape your business. Suppose you're using Multi-cloud to its full potential. In that case, you should combine on-premises infrastructure, private cloud services, and multiple public cloud providers to create an infrastructure that takes advantage of each's strengths and benefits. Depending on the areas of importance for specific applications and data, these benefits and strengths include operational, security, cost, and access efficiencies.

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7. Boosts Innovation Regularly

If your cloud strategy is not pushing your company forward to accept and practice Innovation, it may be an issue. With a multi-cloud strategy, this is never a problem because companies can effectively coordinate disparate workloads, manage hybrid workflows, and integrate DevOps processes to drive Innovation by automating the multi-cloud management process. Automation ensures that data, applications, and infrastructure are orchestrated efficiently across multiple cloud environments. It increases the speed with which connecting applications and workflow processes deliver business services. Constant Innovation is one of the benefits of multi-cloud.

8. Risk Preparedness is Viable

With a multi-cloud strategy at disposal, a multi-cloud user can quickly switch to another cloud service provider or back up to a private cloud if one vendor's infrastructure fails or is attacked. Multi-Cloud providers can reduce risk by using redundant, independent systems with robust authentication mechanisms, vulnerability testing, and API asset consolidation. However, implementing a multi-layered security approach is the only way to ensure a powerful risk management system.

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To Summerise

These are the benefits of multi-tenancy in cloud computing, improving the company's performance and assisting in risk management. In modern times when competition is increasing, your company is required to ace up its game and get some knowledge about the multi-cloud strategy. From getting the best deal from vendors to improved security, the advantages of this type of strategy are a win-win for your business. With the team of experts, Owebest technologies ensure that it has the best capabilities through storage, networking, security, application implementation, and management frameworks as new multi-cloud technologies while selecting it for you as it will emerge every day.

When the technology catches its speed, a multi-cloud strategy will help your business to run alongside it. Get in touch with our team of experts and know what strategy suits your business the best. Our aim is to help you expand your business following the right strategy.