Cloud Hosting Technology

Embracing Multi-cloud Strategies: The Future of Enterprise Technology

As we enter the digital era, enterprises increasingly adopt multi-cloud strategies to meet their unique business requirements. According to an Asia Pacific study commissioned by Oracle almost every cloud journey is now a multi-cloud journey. The COVID-19 pandemic has also significantly driven greater interest and investment in cloud technology in Asia Pacific.

The Enterprise Cloud

Enterprises are no longer seeking a “one-stop-shop” approach to cloud solutions. Instead, they are embracing multi-cloud environments to access the right mix of solutions and capabilities for effective operations. Key findings from the study include:

The majority of cloud journeys are multi-cloud.

  • 97% of Asia Pacific enterprises surveyed use or plan to use at least two cloud infrastructure providers, and 35% use four or more.
  • 95% of respondents use or plan to use at least two cloud application providers (Software-as-a-Service), with over 48% using cloud applications from five or more providers.

Data sovereignty and cost optimization drive multi-cloud strategies.

  • The top two drivers of multi-cloud strategies are data sovereignty (44%) and cost optimization (40%).
  • Other drivers include business agility and innovation (32%), best-of-breed cloud services and applications (27%), and concerns about cloud vendor lock-in (26%).

Enterprises are proactively planning multi-cloud strategies for the future.

  • Data redundancy (56%) is the most anticipated future use case, followed by data mobility (52%) and cost optimization across public clouds (45%).
  • IT departments also plan to use multi-cloud strategies for risk mitigation for the entire IT environment (41%) and geographic expansion or global service delivery (44%).

“Customers are on-boarding new cloud providers to accelerate their digital transformation goals. They want to get their existing mission critical workloads on the cloud faster, without the cost or risk of having to re-write, to then tap into the innovation areas driven by machine learning and AI”

Chris Chelliah, senior vice president of technology and customer strategy at Oracle Japan and Asia Pacific

In conclusion

Embracing multi-cloud strategies is the future of enterprise technology. The multi-cloud allows organizations to benefit from increased flexibility, scalability, and access to the best solutions for their unique requirements.

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