Multi-Cloud Networks: How Businesses Can Benefit From Next-Gen Cloud Solutions
As the de-facto productivity enhancer, cloud solutions have become truly indispensable. Adopting the right crowd solutions in today’s business climate has become vital for businesses large and small, with a 2024 study stating that 94% of companies worldwide will utilise some sort of cloud platform as part of their operations on a day-to-day basis. This number has grown since 2020, when only 80% of companies leveraged cloud solutions as part of business workflows.
The question on everyone’s mind is how can we extract further value from cloud solutions – what exactly is the next big thing to revolutionise the way we work? The answer to this lies in multi-cloud networks. If you’ve never heard of multi-cloud, this article will explain everything that businesses need to know about this cutting-edge technology and discuss steps businesses can implement as part of their next milestone in digitalisation.
What is Multi-Cloud Networking?
Multi-cloud networking involves the seamless integration of multiple cloud services, APIs, and end-points across different cloud environments. The challenge in adopting a multi-cloud network arises from the assumption that all endpoints can inherently communicate with one another. This issue stems from the fact that cloud networks are more concerned with optimising their performance within their cloud environments, as opposed to bridging the gap with other cloud networks. However, when implemented correctly, a multi-cloud environment allows businesses to operate with increased accessibility and reinforced security.
Examples of this are already in practice, with public healthcare entities in Singapore onboarding to a central multi-cloud platform for improved patient care. The platform, known as “HEALIX”, offers healthcare institutions access to new tools while ensuring inter-platform operability and interconnectivity. The breakneck implementation of multi-cloud networks, by the Singapore government no less, serves as a testament to how effective multi-cloud networking has proven to be.
How Can Your Business Benefit?
For key decision-makers considering multi-cloud networks, this approach offers an opportunity to get the best of each cloud platform. From an operational standpoint, it allows businesses to optimise workloads based on factors such as speed, performance, reliability, and security. By strategically utilising multiple cloud platforms, businesses can exponentially increase their productivity and output on a day-to-day basis.
Multi-cloud networks also empower businesses to be agile and adaptable, since they are no longer overly reliant on a single cloud provider. When the need to scale up or down occurs, they can reassess their cloud needs accordingly or even opt to consolidate them into a single platform.
Getting Started On Your Multi-Cloud Journey
Recent market reports project that the multi-cloud network service market is expected to surge in popularity with a compound annual YoY growth rate of 17.22%. It’s clear that businesses are eager to jump right in and make full use of such emerging technologies, but where should they start?
The first step is to determine the type of cloud environment a business wishes to employ – private or public. In private cloud environments, businesses have full control over the underlying infrastructure but also bear the responsibility for maintaining it. Public cloud environments, often referred to as managed cloud services, are hassle-free and overseen by external service providers.
Next, businesses should define their goals and prioritise what they want to achieve within cloud environments. Are there specific functions, databases, or workflows that would be more efficient and optimised on cloud platforms? Upon identifying this, the final step lies in engaging the appropriate stakeholders and service providers to initiate the cloud migration process.
Take your businesses to the next level and reach out to MyRepublic Business today! From pre-migration assessments to post-migration training, we’re your trusted managed solution provider ready to solve all your complex cloud needs.
