Founder & President
As a key driver for emerging technologies, Cloud Computing has come a long way since its inception in the 1960s. A 2022 research study indicates at least sixty percent of corporate data is now stored in the Cloud. However, effective tracking of Cloud resources to prevent poor expense-related management remains a major challenge. No wonder, organizations stand unaware of their spending data or strategy, chiefly due to Cloud Services Sprawl.
This article is a mull over on IT trends for 2023 where reverse Cloud Migration, Cloud Sprawl, Cross Multi-Cloud, and Cost Control model for SaaS might gain prominence. Got questions about other technology verticals for this year?
Reverse Cloud Migration — Transitioning from public to on-premises or private clouds
The theoretical concept of saving money in the Public Cloud has been channeling Data Migration needs for companies over the past decade. However, the last leg of 2021 saw organizations increasingly shifting their data to on-premise storage or Private Clouds while still utilizing the Public Cloud for Compute. The reasons weren’t obscure:
- Value-added services and throughput rates raising public cloud expenses
- Hyper-scale Cloud Platform providers (AWS, GCP, and Azure) failing to keep their operating margins lower and price gouging
- Large data set migration cost for companies going past their estimated budget and data gravity truly impacting increased costs
Come 2023, a reverse Cloud Migration (from public to on-premise or private cloud) creates a predictable and less expensive price point for companies
Cross Multi-Cloud Computing is the game changer
Research depicts that more than ninety percent of large-scale enterprises with Multi-Cloud Architecture have their data distributed across providers.
As newer applications proliferate, data serves multiple use cases – analytics, streaming, business intelligence, and data sciences. Even with drawbacks like data silos and duplication, fragmented governance, and increased costs, cross-multi-cloud computing continues to gain leverage with organizations.
In essence, it can help organizations:
- Work with an agile, cross-cloud, semantic business layer managing data lakes and warehouses.
- Make cross-region data replication possible and still not impact primary data performance.
- Analyze data for decision-making, irrespective of its location.
- Ensure continuity of business as well as disaster recovery via cross-cloud replication.
- Perform account migrations minus concerns of data portability.
Cost Control for SaaS- Channel budget for significant cloud assets
Cloud Cost Control for SaaS helps manage multiple facilities like software apps, storage, and virtual machines.
Reportedly, an industry survey on cloud cost control cited 40% of respondents admitting cloud cost control as the biggest challenge. For enterprises, this is a real change in how they conduct business.
It calls for a criterion to save time and money in tandem:
- Adopt Cloud Cost Management Tools: Cloud cost management tools can raise alarms against any usual activity and helps define inventories for your Cloud computer and enterprise SaaS products. Further, it helps users log in seamlessly and optimize costs selectively.
- Utilize a SaaS Aggregator: Many of the most prominent SaaS offerings can be managed through a single provider or aggregator. Having the ability to manage SaaS subscriptions and products through a single GUI will leverage economies of scale and decrease management time
The takeaway
Embracing IT trends fueled by cloud demands draws attention to data, Compute Management, and possibly a Hybrid Cloud Infrastructure.
In essence, adopting a functional cloud and SaaS strategy will help put a leash on issues like Cloud Sprawl that lurks heavily upon organizations.
A good call would be to engage an optimization partner to bring intelligent views on cloud and SaaS expenses across all cost centers.