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Multi-Cloud Strategies will be the New Black

By CIOReview | Friday, March 30, 2018

The navigation of the cloud landscape has been made more challenging with the rise in new pricing schemes and innovations. But this will only lead to a surge in growth opportunities for providers that can solve the complexities. The days of IT when it was highly tailored and mainly operated on site is now long gone. A significant reason for this is the fact that it is no longer economically feasible for many organizations. They are opting for cloud computing as they are looking for more agility, more intense collaboration and innovation.

“Digital disruption is real and to survive it, companies need to embrace and accelerate digital transformation,” states Ritu Jyoti, the research editor of International Data Corporation (IDC). In light of the burgeoning cloud computing universe, most businesses are looking to operate inside multi-cloud environments that are spread across various service providers. Agile ecosystems and intelligent partnering are becoming very important as the complexity and volume of cloud workloads keep expanding.

According to Innosight, 75 percent of the SAP 500 companies will be replaced by new players by the end of next decade, as highlighted by IDC’s Worldwide Data Services for Hybrid Taxonomy Report 2017. Around 69 percent of respondents seek to implement multi-cloud environment by the end of next year, according to 451 Research’s press release. Promising as it may look, this development will make analyzing cloud expenditures challenging for businesses. It is very important for organizations to meticulously investigate all the available options before implementing the services of multi-cloud.