
Why are we moving towards a multi-cloud environment?
The highly anticipated digital transformation is backed by cloud technologies, owing to the computational horsepower delivered through cloud PaaS (Platform as a Service). However, due to diversities connected to the applications of cloud technology, variations within the cloud ecosystem have been evident since the early iterations of cloud technology. Cloud configurations such as public cloud, private cloud, shared hosting, and on-premise infrastructures constitute a unique blend of multi-cloud configurations for various business requirements and operations. The growing need for such cloud configurations has scaled to newer heights with recorded data traffic of 6.0 Zettabytes per year. By the year 2021, the estimate is tipped to reach 19.5 Zettabytes, with the cloud-based data exchanges accounting up to 95 percent of the total data traffic. Additionally, with the surge of IoT, big data analytics, and artificial intelligence, multi-cloud configurations can only aid to the development of these technologies.
Inter-operability and sandbox techniques are few of the other technological applications that employ cloud computation, specifically multi-cloud configurations, to deliver remote access to mainframe computers. With organizations diversifying their operations across multiple locations, the need for on-premise, on-demand infrastructures has substantially increased. The $33.29 billion industry, as recorded in 2017, is expected to grow by threefold, constituting a compounded annual estimate of $90 billion by 2021. Predominantly adopted across North America, Asia Pacific, Middle East and Africa, and Latin America, the multi-cloud ecosystem is classified into banking and financial services, insurance, retail, healthcare, manufacturing, government, and public sectors. These industries rightly leverage the demand-based flexibility of the hybrid cloud model with big data analytics to process information in large segments.
ON THE DECK
Featured Vendors
RiverMeadow Software - A Cloud Migration Company: "Accelerating Cloud Migration: Fast, Cost Effective Low Risk"
Skybox Security Inc.: Delivering Best-In-Class Cybersecurity Management Software for Hybrid Networks
Global Cloud Consulting: Leading Businesses to Success by Imparting Knowledge on Cloud Implementatio
EDITOR'S PICK
Essential Technology Elements Necessary To Enable...
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
Comparative Data Among Physician Peers
By George Evans, CIO, Singing River Health System
Monitoring Technologies Without Human Intervention
By John Kamin, EVP and CIO, Old National Bancorp
Unlocking the Value of Connected Cars
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
Digital Innovation Giving Rise to New Capabilities
By Gregory Morrison, SVP & CIO, Cox Enterprises
Staying Connected to Organizational Priorities is Vital...
By Alberto Ruocco, CIO, American Electric Power
Comprehensible Distribution of Training and Information...
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
The Current Focus is On Comprehensive Solutions
By Sergey Cherkasov, CIO, PhosAgro
Big Data Analytics and Its Impact on the Supply Chain
By Pascal Becotte, MD-Global Supply Chain Practice for the...
Technology's Impact on Field Services
By Stephen Caulfield, Executive Director, Global Field...
Carmax, the Automobile Business with IT at the Core
By Shamim Mohammad, SVP & CIO, CarMax
The CIO's role in rethinking the scope of EPM for...
By Ronald Seymore, Managing Director, Enterprise Performance...
Driving Insurance Agent Productivity with Mobile and Big...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
Transformative Impact On The IT Landscape
By Jim Whitehurst, CEO, Red Hat
Get Ready for an IT Renaissance: Brought to You by Big...
By Clark Golestani, EVP and CIO, Merck
Four Initiatives Driving ECM Innovation
By Scott Craig, Vice President of Product Marketing, Lexmark...
Technology to Leverage and Enable
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
AI is the New UI-AI + UX + DesignOps
By Amit Bahree, Executive, Global Technology and Innovation,...
Evolving Role of the CIO - Enabling Business Execution...
By Greg Tacchetti, CIO, State Auto Insurance
Read Also
