Cloud infrastructure is one of the sought after approaches for managing CapEx and OpEx costs for businesses at the initial stage. But, as the business expands, the cloud services inflates in number as well. More the services, the more would be the cost to the provider. Amidst this, how can companies ensure that their cloud infrastructure proves cost-effective along with performance-oriented? The answer is by optimizing the cloud infrastructure for cost.
With cloud becoming the buzzword of the IT industry, a number of strategies are being introduced to help businesses make the most of it. Hybrid cloud and multi-cloud are two cloud architectures that offer flexibility to avail benefits of cloud computing.
In the age of digitization, data has become the real driver of businesses. The data, collected from different sources is turned into information and further into an insight that helps businesses to thrive. But, as the data flows through multiple sources, it is difficult for the traditional, relational database to handle it.
Digital transformation is the catchword these days. Amid the rising competition and market demand, it is critical for businesses to maintain agility. Thus, there is a shift from on-premises infrastructure to cloud for optimizing operational cost, build scalable solutions, improve disaster recovery & high availability, follow compliances, and more.
The total installed base of the Internet of Things (IoT) connected devices is over 6 billion in the year 2019. With so many connected devices existing already, it's becoming a challenge to process an enormous amount of data generated by these devices.
In 2019, the public cloud services market was expected to reach around 214.3 billion U.S. dollars in size and by 2022 market revenue was forecast to exceed 331.2 billion U.S. dollars. | Statista
Public cloud services are gaining a lot of traction. Startups, SMEs, and enterprises are recognizing the benefits of cloud and thus, are migrating to the most relevant service provider to improve ROI, efficiency, and time-to-market.
In a survey conducted by 451 Research, 69% of the respondents said that they are planning to have a multi-cloud environment by 2019; highlighting that multi-cloud and hybrid is the future of IT.
“A multi-cloud strategy involves the use of two or more cloud computing services, such as AWS, Google Cloud, or Microsoft Azure. On the other hand, a multi-cloud deployment refers to the implementation of multiple SaaS or PaaS offerings for an application, offered by different cloud computing service.”
Cloud is rapidly overtaking the traditional IT infrastructure. For scalability, security, and cost-effective solutions, enterprises swear by cloud computing and are opting for cloud migration to avail the endless benefits that it brings in. In fact, studies suggest that the global cloud migration market is expected to grow from $1961.44 million in 2016 to USD 8678.73 million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.67%.
Infrastructure services consume a large part of IT budgets. It is therefore imperative for organizations to focus on cost and productivity of infra services to best utilize them.
Amazon Web Services (AWS) and Microsoft Azure are the top 2 cloud service providers with a combined market share of more than 50% of the total cloud market. If there aren’t financial constraints, these two are the obvious choices when opting for cloud services. However, choosing one of them can be tricky.