Why is Cloud Optimization as Important as Ever?
Highlights
- The cloud model is crucial to the workforce transformation's growth and continuity.
- Due to inefficiencies in the orchestration of cloud migrations, some organizations are leaking their value part instead of collecting it.
- Many firms use a Multi-Cloud Strategy to increase their agility and scalability as they prepare for a future with constantly changing consumer needs.
Six Years Later–Optimization is the Top Priority!
Cloud has gained recent attention for new digital experiences, and cloud optimization has become the latest trend.
According to Gartner researchers, by 2025, more than 85% of enterprises will adopt a cloud-first philosophy and need to deploy cloud-native architectures and technologies to implement their digital plans.
Over the past ten years, cloud adoption has been growing. Cloud computing has also experienced an explosion in popularity and growth over the past several years. It is related to the ongoing pandemic, which has compelled many workers to adopt technology and the work-from-home structure.
The cloud model is crucial to the workforce transformation's growth and continuity. "There is no successful business idea without a cloud strategy," said Milind Govekar, the VP at Gartner. "The adoption and eagerness in the public cloud sustained as firms started a 'cloud first' policy for accepting the latest recommendations. Cloud has enabled the latest digital experiences such as mobile payment systems where banks have invested in startups, energy firms using the cloud to enhance their customers' retail experiences, or car firms launching the latest personalization services for customer's safety and infotainment."
Additionally, companies have begun utilizing the anything-as-a-service (XaaS) concept. They can set it up, arrange it, and streamline their operations to concentrate on providing digital services. These two factors, which are still the leading proponents of cloud adoption, are expected to increase their influence starting in 2022.
Research predicts that in 2022, the market for public cloud services will increase by more than 22% ($482 billion US). And what emerges again as the new trend is cloud optimization!
Advantages
Cloud optimization is the new trend!
Gartner predicts that in 2025, more than 95% of the latest digital information will get downloaded on a cloud-native environment, a surge from 30% in 2021.
The businesses will switch to a product-oriented operating model, where products must align with the whole value stream of the company and IT. As a result, new positions and duties will emerge, such as product managers, communities of practice, or site reliability engineers.
Of course, as with anything, several hazards could prevent your business transformation from moving forward if your cloud is not entirely optimized and the migration is not carried out effectively. And that's why cloud optimization is more important than ever.
For your cloud infrastructure and your company, integrating cloud optimization strategies can have many advantages, including the following:
There is no successful business idea without a cloud strategy
Tap into cloud optimization
Implement cloud optimization techniques to accelerate the pace of organizational digitization
One of the factors for this ambition of cloud migration is the Covid-19 pandemic, which made it necessary to accelerate the pace of organizational digitization. However, the $1 trillion in potential commercial value that cloud adoption can generate is a more important trigger.
Due to inefficiencies in the orchestration of cloud migrations, some organizations are leaking their value part instead of collecting it. In the next three years, it is predicted that $100 billion will be squandered on migration efforts, and most businesses view these expenses as a significant barrier to cloud adoption.
Your company can immediately implement a few cloud optimization techniques, for example:
Right-sizing: To achieve the lowest cloud cost possible, match your cloud computing instance types (such as containers and VMs) and sizes with enough resources to adequately meet your workload performance and capacity needs.
Family refresh: Swap obsolete systems with new cloud solutions to maximize performance.
Autoscaling: Scale your resources to match the demand of your application so that you only pay for what you use.
- Identity use of RI: If employed for the right loads, identifying the use of RIs can be an ideal strategy to save money in the cloud.
- Eliminate waste: Unused resource management is crucial to cloud optimization. You are probably consuming more resources than necessary or not utilizing some resources to their full potential if you haven't already thought about cloud optimization strategies.
What does the future hold?
Multi-Cloud Strategy to increase their agility and scalability
Many firms use a Multi-Cloud Strategy to increase their agility and scalability as they prepare for a future with constantly changing consumer needs.
"IT leaders who portray the cloud as an enabler rather than a final state will be most successful in their digital conversion journeys," said Sid Nag from Gartner.
The firms combining cloud with one more adjacent - emerging tech will fare even better." A McKinsey survey shows roughly 80% of organizations consider controlling cloud spending difficult.
But with intelligent cloud solutions and best practices regarding Cloud Cost Management, it doesn't have to be.
Cloud is the backbone of any modern business, and effective cloud management is the way to sustain it.
