Multicloud strategy will dominate Indian enterprises in 2023, CIO News, ET CIO

The year 2022 was undoubtedly a year of technological dynamism, especially in the cloud space, as new cloud computing models emerged. As businesses increase their investment in cloud, they continue to prioritize flexibility, agility, scalability and cost efficiency.

One observation that stands out to me, based on several conversations I’ve had with customers over the past year, is their requirement is simple: a cloud that doesn’t constrain their operations and one that allows them to choose the best cloud option for key workloads .

A significant IT trend has emerged in recent years – customers are realizing that a single public cloud cannot meet all of their business needs. A multi-cloud strategy will be the de facto approach to ensure that customers can get the benefit of the best services from more than one cloud provider.

A multi-cloud environment is often the right choice for organizations to balance price, performance and agility in a world with many cloud-based services and solutions. Oracle Cloud Infrastructure supports robust multicloud solutions, enabling simpler management while minimizing integration complications and security risks.

This strategy is typically driven by workload, business and data management requirements. When designing a multicloud solution, it is imperative that companies consider network latency, data movements, security, orchestration, and operations management, which ultimately drive their architectural decisions.

Organizations are looking for cloud providers that can collaborate with each other and offer on-demand services. Cloud providers are already managing this trend by clustering their cloud capabilities together to reduce latency – we’re actively doing this in Oracle.

We’ve created offerings that work seamlessly across cloud infrastructure and applications. Oracle Interconnect for Azure is one such partnership where customers run more than one application across two different clouds.

We also offer Oracle Database Service for Azure which is an Oracle managed service for Azure customers, even Oracle MySQL HeatWave on AWS — an OCI fully managed database on AWS desktop with machine learning powered automation and built-in advanced security features. It enables OLTP and OLAP in one MySQL database service — without ETL duplication.

Companies will adopt the best public clouds for each of their key workloads, and their adoption will grow over the next decade. Even traditionally risk-averse industries such as financial services are embracing multicloud – based on key competencies and benefits each cloud provider offers.

Similarly, regulators jumped on the multi-cloud bandwagon. One of our Oracle Cloud Infrastructure customers, Reliance General Insurance, is one such firm.

The world is changing, businesses and workloads are becoming more complex and with it the way we use technology is changing. The efficiency and demand for multiple clouds will only increase as agility and optimization remain top business priorities among customers.

Cloud providers will be tasked with ensuring that their offerings—both infrastructure and applications—integrate with other cloud providers rather than operating in silos.

Customers want their cloud solution providers to work well together so they can establish operational efficiencies and deliver the ultimate customer service.

(Kumar is Senior Vice President and Regional Managing Director, Oracle India and NetSuite JAPAC)