New research found that IT leaders use multiple cloud providers to benefit from reduced costs and more control over their data

Multicloud is the new reality in enterprise technology according to a study from 451 Research, part of S&P Global Market Intelligence, commissioned by Oracle Cloud Infrastructure. The global study collected information from 1,500 executives and senior decision-makers at enterprises – including India – about how they use the cloud within their organisation and found that almost every cloud journey is now becoming a multicloud journey. Read the full global report here.

“Technological advancements are a key enabler in ensuring that Godfrey Phillips India delivers the best results to our stakeholders and customers. With the vision of offering greater agility in all our future deployments, our technological architecture is multicloud and futuristic. We have a successful and long-standing association with Oracle across a wide range of areas and have also onboarded Oracle as our partner in our cloud journey to meet the future-ready needs of our expanding portfolio. With Oracle Cloud, we have further improved our scalability, adaptability, and resiliency to ensure uptime and successfully navigate volatile customer demands. With this partnership, we can optimize our processes across stages and functions which will give us the edge to fulfil the promise of customer satisfaction with disaster recovery support, scalability and better price performance”, said Sharad Aggarwal, chief executive officer, Godfrey Phillips India.

“As cloud becomes one of the most critical enablers of business success, organisations are increasingly keen towards achieving an edge in their cloud strategies. Selecting one cloud provider is no longer considered the most beneficial business decision. Instead, having access to best of breed services is a top priority. Oracle’s multicloud approach, with OCI’s distributed cloud, is well aligned with our customers’ preferences – it also addresses one of our ultimate goals of offering customers choice with business agility,” said Srikanth Doranadula, group vice president, technology and systems, Oracle India.

In recent years, cloud has become nearly synonymous with IT as enterprises seek increased business agility and improved operational efficiency from the technology they use. While these trends have existed for some time, more than 89 percent of respondents in India agreed that the COVID-19 pandemic has been a strong driver of greater interest and investment in cloud technology. As organizations faced new challenges such as increased levels of remote work and collaboration with new business partners and suppliers, they adopted a multicloud strategy to gain the flexibility and scalability they needed for this new reality.

“The ‘one-stop-shop’ mentality has died when it comes to the cloud. Instead, multicloud is the reality of enterprise technology environments as these organizations seek to get the right mix of solutions and capabilities they need to operate effectively,” said Melanie Posey, research director, Cloud & Managed Services Transformation at 451 Research. “Multicloud is here to stay, and enterprises are choosing this model for the benefits it provides for a range of different business and operational requirements, like business agility or access to best-of-breed technology.”

Key findings from the study include:

Almost every cloud journey is multicloud

  • 98 percent of enterprises surveyed in India are using or plan to use at least two cloud infrastructure providers and 33 percent are using four or more.
  • 96 percent reported in India they are using or plan to use at least two cloud application providers (Software-as-a-Service), with 51 percent using cloud applications from five or more providers.
  • This multicloud strategy allows IT departments to meet the specific technology needs of different teams across the organization.

Data sovereignty and cost optimization are driving demand for multicloud strategies

  • The top two drivers of multicloud strategies for Indian enterprises are data sovereignty (53 percent) and cost optimization (37 percent).
  • Other drivers of multicloud strategies include business agility and innovation (32 percent), Vendor influence (28 percent) and Best of breed cloud services and applications (27 percent).
  • Multicloud strategies give enterprises more control over where and how their data is stored and used, while also ensuring businesses can control the costs of their cloud operations by adjusting which services they use from different providers.

Enterprise organizations are proactively planning multicloud strategies for the future

  • Data redundancy (61 percent) is the most anticipated future use case, followed by data mobility (54percent) and cost optimization across public clouds (45 percent).
  • IT departments also plan to use multicloud strategies for risk mitigation for the entire IT environment (39 percent) and geographic expansion or global service delivery (39 percent).
  • The fact that IT departments are planning multicloud strategies shows that they see multicloud as a way to get ahead of their technology needs, instead of simply a tactic to react to crises.

Approach and Expectation from Multicloud

  • (59 percent) of Indian enterprises believe Economics as the most important motivating factor for taking a multicloud approach to its cloud infrastructure
  • In India, 70 percent of respondents said Multicloud guarantees cost optimization for their organization’s public cloud spending
  • Cloud cost optimization (33 percent), Common security or governance policy across clouds (31 percent) and Integration with existing toolsets used for on-premises infrastructure (31 percent) are some of the most predicted outcomes from Multicloud management platform

This research validates the approach OCI has taken with its distributed cloud and management offerings, which earned Oracle recognition as a leader in the recent Omdia Universe: Hybrid and Multicloud Management Solution, 2022–23 report (December 2022). Read a complimentary version of the report here.

Methodology

The survey data used in this report was collected by 451 Research, part of S&P Global Market Intelligence, and commissioned by Oracle. The global survey was fielded in the third quarter of 2022 and is based on a cross-industry sample of 1,500 enterprise respondents in North America, Europe, Asia-Pacific, the Middle East, and Latin America. For the purposes of this survey, “enterprise” is defined as an organization with more than 1,000 full-time employees (North America) or more than 500 full-time employees (other geographic regions).

About OCI’s Distributed Cloud

OCI’s distributed cloud offers customers the benefits of cloud with greater control over data residency, locality, and authority, even across multiple clouds. OCI’s distributed cloud features the following:

  • Multicloud: OCI’s multicloud capabilities such as Oracle Database Service for Microsoft Azure and MySQL HeatWave give customers the choice to pick the best cloud provider for their applications and databases.
  • Hybrid cloud: OCI delivers hybrid cloud services on-premises via Oracle Exadata Cloud@Customer and manages infrastructure in over 60 countries.
  • Public cloud: Today, OCI operates 41 OCI regions in 22 countries, with 9 more planned, including two sovereign cloud regions for the EU.
  • Dedicated cloud: OCI delivers dedicated regions for customers to run all Oracle cloud services in their own datacenters, and Oracle Alloy will enable partners to customize the cloud services and experience for their customers.

Source

29 comments
  1. Hello! Someone in my Myspace group shared this site with us so I came to give it a look. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers! Excellent blog and amazing style and design.

  2. With the whole thing which seems to be developing inside this subject matter, many of your viewpoints are rather refreshing. Nevertheless, I beg your pardon, because I do not give credence to your entire plan, all be it exciting none the less. It looks to everybody that your commentary are actually not completely justified and in fact you are generally your self not even completely certain of your point. In any case I did appreciate looking at it.

  3. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  4. Whats up are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you require any html coding expertise to make your own blog? Any help would be greatly appreciated!

  5. I have been absent for some time, but now I remember why I used to love this website. Thanks, I’ll try and check back more frequently. How frequently you update your web site?

  6. What Is Wealth Signal? the Wealth Signal isn’t just a financial tool; it’s a new way of thinking about and achieving wealth. Unlike traditional methods that focus on external strategies, Wealth Signal emphasizes changing your internal mindset.

  7. I’m really impressed together with your writing skills as well as with the layout to your blog. Is this a paid theme or did you customize it yourself? Anyway stay up the excellent quality writing, it is rare to peer a great weblog like this one nowadays..

  8. I was suggested this blog by way of my cousin. I am no longer certain whether this publish is written by means of him as nobody else understand such exact approximately my trouble. You’re amazing! Thank you!

  9. Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!

  10. Hey! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting fed up of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.

  11. What Is Java Burn? Java Burn is a natural health supplement that is formulated using clinically backed ingredients that promote healthy weight loss.

  12. Does your site have a contact page? I’m having problems locating it but, I’d like to send you an e-mail. I’ve got some suggestions for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it improve over time.

  13. I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  14. I would like to thnkx for the efforts you have put in writing this website. I am hoping the same high-grade site post from you in the upcoming as well. Actually your creative writing abilities has encouraged me to get my own web site now. Actually the blogging is spreading its wings rapidly. Your write up is a great example of it.

  15. I am curious to find out what blog platform you happen to be utilizing? I’m experiencing some small security issues with my latest site and I would like to find something more risk-free. Do you have any recommendations?

  16. Thanks for every other informative blog. Where else may just I am getting that kind of information written in such an ideal means? I’ve a challenge that I’m simply now operating on, and I have been on the look out for such info.

  17. Hello! I could have sworn I’ve been to this website before but after checking through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be book-marking and checking back often!

  18. Pretty section of content. I just stumbled upon your website and in accession capital to assert that I get actually enjoyed account your blog posts. Any way I will be subscribing to your augment and even I achievement you access consistently rapidly.

  19. Heya are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any html coding expertise to make your own blog? Any help would be greatly appreciated!

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Across the globe, Apple and its teams find new ways to give

The company’s Employee Giving program has raised over $880 million, with more…

Accelerating telco transformation in the era of AI

AI is redefining digital transformation for every industry, including telecommunications. Every operator’s…

New Cisco 800G Innovations Help to Supercharge the Internet for the Future

News Summary: Cisco’s new 28.8T / 36 x 800G line card, powered…

KPMG and Microsoft enter landmark agreement to put AI at the forefront of professional services

Multi-year cloud and AI alliance to supercharge the employee experience and accelerate…

Apple lands historic first Best Picture Oscar nomination for “CODA,”and secures six Academy Award nominations including Best Actor for Denzel Washington in “The Tragedy of Macbeth” and Best Supporting Actor for Troy Kotsur in “CODA”

CUPERTINO, CALIFORNIA Apple today made history, landing six Academy Award nominations in several…

New updates to ensure safer learning at school and at home

The Google for Education team continues to build education services with highly…

Samsung Electronics Introduces Standardized 5G NTN Modem Technology To Power Smartphone-Satellite Communication

Samsung Electronics, a world leader in advanced semiconductor technology, today announced that…

Introducing Google’s Secure AI Framework

The potential of AI, especially generative AI, is immense. However, in the…