Cloud platforms are leading a paradigm shift for many enterprises. As a critical foundation of digital transformation, cloud is improving speed, scalability, and flexibility. As a result, companies are able to go to market with better products and services, faster.
The value of the cloud is not to be understated.
Forrester predicted that by 2020, the public cloud market would hit $191 billion in speedy growth.
A 2016 report suggested that, “On average, 43 percent of total annual IT budgets will be allocated to cloud-based procurement/management models by 2018.”
Indeed, this percentage will be hit this year. Cloud platforms are now the foundation for digital transformation and business growth.
There is consistent increase in the consumption of cloud services across various models. Many enterprises even adopt a hybrid cloud, a combination of the standard cloud, private cloud, and legacy systems.
Adoption of the multi-cloud environment is helping companies to see cloud’s true potential to serve customers in a way that adds value and to work in a collaborative manner with partners, suppliers, and employees.
Companies that start on the journey toward cloud transformation should establish best practices to use a multi-cloud environment. A successful cloud platform will seamlessly integrate with other platforms through an open source approach.
Another key element in cloud adoption is the enforcement of governance policies across all platforms in a multi-cloud environment. There might be some resistance from company leaders when it comes to these policies, because leaders feel that this could limit agility and speed of the platform.
The journey is not easy and companies must be ready to face challenges when transitioning from in-house systems to hybrid-cloud or multi-cloud platforms.
To find out more about hybrid-cloud adoption, click the link below for more information.