Does Your Organization Need a Multi-Cloud Strategy?

Sean Wilkins · Jan 31, 2024 · 7 minute read

With almost every organization today using some form of cloud computing, the question that most companies are considering now is not “to cloud or not to cloud.” Rather, it’s “How many cloud providers do I need, and what’s the best way to manage them all?” In fact, 83% of IT leaders are using more than one cloud service provider (CSP), and 44% are using more than three CSPs. Let’s dive into the best way to navigate the multi-cloud situation. We’ll look at the benefits you can get from a multi-cloud strategy, the challenges to watch out for, and the key things to consider to determine if it’s the right strategy for your company.

What is a Multi-Cloud Strategy?

A multi-cloud strategy is like picking the best tools from different toolboxes. Companies mix and match services from multiple providers instead of relying on just one cloud service. It’s like using a Swiss Army knife for some tasks, a specialized wrench for others, and a high-tech laser-based device for something else.

Imagine you’re building something unique. You might need different materials like wood, metal, and plastic. Each cloud provider is a specialized shop. One might be great for wood (like Amazon Web Services with its massive computing power), another might be your go-to for metal (like Google Cloud for intelligent analytics and AI), and a third one might be the best for plastic (like Kamatera for its easy scalability and 24/7 live support).

Why do we mix and match? With a multi-cloud strategy, you’re not just stuck with the contents of one toolbox; you can choose the best device for each job. This is helpful for businesses that need to stay flexible and innovative, especially in fields like startups, finance, healthcare, and e-commerce.

Advantages of a Multi-Cloud Strategy

Going multi-cloud isn’t just the buzzword du jour; it’s actually the best way to operate for many companies. By diversifying across multiple cloud providers, organizations avoid the risk of dependency on a single platform. With different cloud providers in your portfolio, you’re not stuck if one has a problem. Essentially, it’s about safeguarding operations with layers of redundancy, guaranteeing business continuity.

Another key benefit is a multi-cloud environment’s unparalleled flexibility and scalability. Businesses need to be like quick-change artists, in response to fluctuating demands, adjusting to new demands on the fly. Need to ramp up your resources for a big project or try out the latest tech? No problem, you’ve got the flexibility to do just that.

Cost optimization is another compelling advantage. With multiple cloud providers competing for your business, organizations are positioned to negotiate better pricing and conditions. This competition encourages cloud providers to continually enhance their offerings and pricing structures, and that could be great for your bottom line.

Lastly, there are the legal considerations such as compliance and data sovereignty. Adopting a multi-cloud approach simplifies adherence to regulations, particularly when managing data across diverse geographical regions. It’s like having a map that tells you where you can and can’t store your data, ensuring compliance and avoiding legal risks.

Challenges of a Multi-Cloud Strategy

So, going multi-cloud has substantial advantages, but there are some things to watch out for — like its complexities. If managing one cloud is like juggling three balls, adding more clouds is like throwing in a few flaming torches. Managing multiple cloud services requires investing in people with advanced skills and the right tools to handle the workload. Remember that each cloud provider has their own set of processes and methods to best manage their resources.

Then there’s security, a critical concern made more complex with additional providers. When your data and apps are scattered across different clouds, ensuring they’re all safe is like locking every door and window in a vast house. Each cloud has its locks and keys (security measures), and you need to ensure they’re all working in tandem to keep the bad guys out.

Cost management is another complexity when dealing with a multi-cloud situation. While having multiple providers can save you cash, it can backfire if you’re not careful. Imagine you’re at a food festival with lots of stalls. If you’re not careful, you might spend more on little bits and pieces than you would at a regular meal. It’s the same with multi-cloud. The costs for moving data around, making everything work together, and managing different platforms can add up. So, while it’s great to have additional flexibilities, you’ve got to keep an eye on the price tag.

Assessing the Need for a Multi-Cloud Strategy

Thinking about going multi-cloud? It’s like planning a big road trip. You have to choose the best transportation method to arrive at your destination the simplest and fastest way. This means aligning your multi-cloud strategy with broader business goals. Are you aiming to make your systems more robust, meet specific geographic needs, tap into the best available services, and maybe save some cash along the way? A multi-cloud approach can be a great facilitator for these goals, but it’s not just about picking new tech. It’s about ensuring this tech journey is in sync with your business roadmap.

Next up, take a good look under your IT hood. Can your current tech team handle a multi-cloud setup? They need to know about various cloud platforms, integration techniques, and data management principles. Also consider your existing technology stack’s compatibility with a multi-cloud approach. The more seamless the integration with your current systems, the less bumpy the transition will be.

Then, there’s the cost-benefit analysis. A multi-cloud strategy might save you some dough, but it’s not all about the price tag. While there are potential savings, especially in terms of competitive pricing and avoiding vendor lock-in, there are also costs associated with managing multiple cloud environments, including integration, data transfer, and possible duplication of services. An excellent financial analysis will show you the cost of owning this multi-cloud “vehicle.”

Security and compliance are always of utmost importance. The fragmented nature of the multi-cloud world adds layers of complexity to the goal of implementing uniform security protocols. It’s like making sure every passenger in your car is buckled up, and you follow the road laws of every state you pass through. You’ll need a solid plan to keep your data safe and aligned with all those regulations.

Last but not least, choosing the right cloud provider is critical. It’s not just about who offers the cheapest ride or the fanciest car. It involves evaluating each provider’s hardware specifications, security standards, and support services. Look for reliable partners who match your journey’s style, keep you safe, and can scale with you as your needs change. 

Conclusion

Implementing a multi-cloud strategy is like choosing a Swiss Army knife. It’s got a bunch of fantastic benefits: you get more flexibility, you’re better at handling risks, you can save some cash, and you’re on point with all the rules and regulations. But, it’s not all smooth sailing. You’ve got to juggle the complexity, keep a tight grip on security, and ensure the costs don’t spiral out of control.

Deciding to jump into the multi-cloud pool should be based on an excellent understanding of your organization’s needs, what it can handle, and where you want to go. It’s a great tool with many perks, but it’s not a one-size-fits-all deal. It might not be the right move for every company out there. If you take the time to weigh your options and plan it out smartly, you can make the most of what multi-cloud offers. It can be a game changer in keeping your business nimble and ahead of the curve.