Cost Optimize Your Hybrid and Multicloud Environment

Cost Optimize Your Hybrid and Multicloud Environment

Authored by Vikas Bhonsle CEO Crayon Software Experts India

In the past few months, the world economy has gone through a dramatic workplace transformation. The increasing adoption of hybrid and multiple cloud environments by combining on-premises private clouds and public cloud services is well observed today. According to a forecast from International Data Corporation (IDC), total worldwide spending on cloud services, the hardware and software components underpinning cloud services, and the professional and managed services opportunities around cloud services will surpass $1.0 trillion in 2024 while sustaining a double-digit compound annual growth rate (CAGR) of 15.7%.

Here's a quick discussion on how a multicloud architecture can be beneficial.

The benefits of Hybrid and Multicloud environments

Cloud computing helps to utilise the IT assets of an organisation to its optimum efficiency. Multicloud environments can often amplify the innate cost efficiencies of the cloud.

Public clouds can improve cost visibility and enable new and cheaper ways to perform different tasks. With cloud services, operational expenses become more flexible. Public cloud services are easier to reconfigure as per the changing requirements.

Most companies-either by design or through organic growth-are now using the services of more than one cloud provider. A multicloud approach is often linked to a desire to reduce the cost, risk, and dependencies of using a single cloud provider.

Multicloud platforms can provide a consistent experience across multiple providers. A single point of operations across multiple clouds can provide better control of an entire IT system, managing security better and gaining insight into resource utilization. This can bring new efficiencies to existing assets by increasing resource utilization.

However, at times compliance requirements or an elaborate IT roadmap may cause delay in taking the entire business infrastructure onto the cloud. By taking a hybrid cloud approach, organizations can continue to use their existing investments both on-premises as well as across other clouds. This flexibility of using both on-premises and public cloud can also be cost-efficient. As with multicloud environments, a common management layer can help businesses deliver quality services with low overhead. That can make managing things cheaper and easier, particularly when paired with cloud management tools.

Even if the current world economic conditions are still under speculation, the brighter side is that hybrid and multicloud strategies can help businesses save on costs in the short term while also creating a foundation for rapid growth and future innovation.

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