Not very long ago, when the digital transformation was still evolving, most enterprises were relying on one cloud service provider for their data storage needs.
Today, with multi-cloud strategy evolving as a necessity (you can’t depend on one provider), cloud security monitoring has become essential.
The situation is akin to the mobile phone market where multiple providers operate. While all of them offer a similar service, they claim to provide unique benefits, making it hard to resist or make a quick decision.
There is no doubt that a multi-cloud approach offers you a lot of tangible benefits. However, one can’t be too careful, and this article is an endeavor to define the pros and cons of availing of a multi-cloud service.
The Benefits Accruing from a Multi-Cloud Strategy
The latest cloud trends indicate a multi-cloud strategy is becoming a norm, with more than 80 percent of the users going for a multi-cloud approach. Some enterprises are using 4 to 5 cloud service providers (both public and private cloud). At last count, more than 40 percent of the organizations favored a multi-cloud strategy to fulfill their data storage needs.
Reduced Redundancy and Downtime
As a business owner, you probably detest the terms, redundancy, and downtime as they affect your business and revenues. While depending on a sole cloud service provider, you are likely to experience redundancy and downtime. However, when you adopt a multi-cloud approach, you can eliminate downtime and outages. Even giants like AWS have been affected by a DDoS attack that disrupted their services. The result was catastrophic when countless websites were down for a whole day.
If you are running a business with mission-critical applications, a multi-cloud strategy is a must, irrespective of the increased costs. Relying on a sole cloud service provider does not leave you with an alternative as a backup. Of course, cloud security monitoring for multiple cloud service providers can be somewhat challenging. The good news is that you take care of redundancy and downtime, thus making up for the extra expense.
Handling Peak Usage
When you opt for a multi-cloud strategy, you can easily handle any peak usage crisis, thanks to cloud bursting. You can benefit from the cloud bursting configuration that allows you to burst from a private cloud setup to a public cloud setup whenever there are peaks in IT demand.
If you are a retailer anticipating peak demand during shopping seasons, you can use short bursts in your computing power to handle the spurt in demand. Your IT teams will be able to scale the cloud to match the sudden increase in workloads without incurring any additional expenditure.
Preventing Monopolistic Vendor Dominance
Relying on a sole cloud service provider puts you at their mercy as you don’t have an alternative to move to immediately. Monopolistic attitudes of certain providers lead to a situation known as vendor lock-in, resulting in susceptibility to being charged unreasonable fees.
Opting for a multi-cloud strategy saves you from such a situation. Vendor lock-ins can immobilize you and halt whatever scaling or expansion plans you have. It is better to have a viable alternative so that your business does not get affected.
Choose the Best Option
When you opt for a multi-cloud strategy, you have the liberty to choose who you believe is the best in the industry, depending on what each cloud-provider has to offer. While one cloud provider may offer the best machine learning tools, yet another may attract you with unmatched high-speed database services. It’s like having the cake and eating it when you go for a multi-cloud strategy. You get to enjoy the best components on offer, without having to spend extra money.
When you have business dealings with multiple cloud service providers, you enjoy a competitive market’s benefits—gaining the upper hand. Besides flexible payment options, you can also look forward to accommodating contract terms and customize capacity according to your needs.
Better Risk Management
Adopting a multi-cloud strategy offers you yet another perk in the form of better risk management options. Even if one of your cloud service providers is down due to any infrastructure issues or security attacks, you can instantly switch to the alternate provider who is readily available.
Opting for a multi-cloud strategy makes you risk-ready as you can employ redundant systems offering dependable authentication mechanisms along with API assets consolidation. Of course, you may still need a cloud security monitoring system in place to ensure a multi-layered security strategy.
Summing it Up
Opting for a multi-cloud strategy has more benefits than disadvantages as you necessarily depend on the cloud for a robust IT infrastructure. The multi-cloud strategy offers new solutions that are devised on a daily basis, ensuring you of the best capabilities in storage, security, and management platform and application deployment.