At present, most companies are now in the season of making financial budgets for the new year. With the many impacts of the 2020 epidemic, technology managers are busy formulating what to do in 2021, when to do it, and how to pay for information technology budgets.
Nowadays, the cloud has become ubiquitous, from TV entertainment platforms to mobile apps to e-commerce delivery services. Enterprises now rely on cloud computing, hybrid and multi-cloud solutions to meet basic needs, including security, resilience, flexibility and cost. The simplicity and instant availability of cloud technology provide significant advantages for companies that desperately need solutions. In other words, cloud computing enables companies to get what they need when they need it at an affordable cost.
The financial survival model is a budget model that many companies may face in 2021. In addition to the decisions that must be made under pressure, there are countless threats, risks, and goals to weigh.
For many companies, new hybrid and multi-cloud solutions can help bring survival mode conditions quickly under control and within budget, especially when tangible business outcomes are at risk. According to the 2019 Cloud State Report released by Right Scale, 91% of enterprises use public clouds and 72% of enterprises use private clouds. Most companies actually use both options at the same time, and 69% of companies choose a hybrid cloud solution.
For companies facing budget cuts, it is time to embrace a future that focuses on secure, multi-cloud. The global public cloud service market is expected to reach US$266 billion in 2020, and is expected to grow by 17.3% since 2018. By 2022, more than $1.3 trillion in IT spending will be affected by cloud computing. Organizations that use hybrid solutions to manage computing costs will gain visibility into all their computing assets, thereby creating a more secure cloud toolbox and a secure business future. The hybrid approach provides multiple benefits, such as:
1. By creating a customized combination of cloud solutions and dedicated infrastructure, allowing companies to adjust the scale of their IT environment, thereby minimizing waste and indirect costs;
2. Provide better solutions to support legacy applications on dedicated systems, while still being able to utilize advanced IT functions and cloud services, such as machine learning;
3. Provide a more gradual upgrade path for migrating applications that are ready to run in the cloud, while maintaining hardware for legacy components that are more complex or difficult to rebuild, rather than a “lift and transfer” approach.
It is an unprecedented opportunity for companies to recognize their costly pain points and develop secure cloud-centric solutions to meet their needs. Budget issues don’t have to inhibit technological development; they can accelerate business results and mark the beginning of a technological revolution.