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Article by Prashanth GJ, CEO of TechnoBind
The cloud market is expected to grow at a CAGR of 17.6% by 2026. In comparison to other cloud solutions, the proclivity towards hybrid cloud solutions has rapidly increased. Experts state that the cloud market has entered the hybrid cloud era and concerns around vendor lock-in, security, compliance and interoperability remain paramount.
Empowering Industry Leaders in taking Informed Decisions
Hybrid cloud integrates both public and private cloud services and provides orchestration, management and application portability, resulting in a single and unified distributed computing environment. The primary benefit of a hybrid cloud is agility, flexibility and more data deployment options. It accords IT leaders an increased control over their data with multiple options to pick an environment that best suits each individual use case.
A hybrid cloud has proven to be effective in not only improving computing and storage power, but also in optimizing the scarce resource of physical space. Data can be stored safely behind the firewalls and encryption protocols of the private cloud, and then moved securely into a public cloud environment providing scalable computing power of a public cloud with the security and control of a private cloud. This is especially helpful in the age of big data, where industries must adhere to strict data privacy regulations.
Some key benefits include:
- Agility and flexibility: Remote or hybrid working has become the mantra for most organizations after COVID-19. Thus, hybrid cloud proves to be a more agile and flexible option to facilitate remote-working teams better.
- Workload anomalies: Depending on the workload, an application might run efficiently in its current environment today but may require additional computational power tomorrow. A hybrid cloud adapts to workload needs, allowing service to continue smoothly even when workload requirements spike.
- Reduced cost: Hybrid cloud also enables cost reduction, which is important for organizations that now have lesser budgets to work with after the pandemic happened. Hybrid cloud deployment option is highly cost-effective because of its ability to quickly use and scale data and applications as and when needed. This way companies need to only pay for the additional resources when they need them.
- Security: Hybrid cloud is perceived to be more secure, a cardinal feature that’s needed by remote workers. Where proper cybersecurity hygiene and system hardening have been achieved and properly maintained, hybrid architecture can be as secure as one that is deployed on premises or managed in the cloud. Just as a cloud-hosted service would provide fully managed, always up-to-date security, a hybrid infrastructure will follow the same defense standards and processes to ensure cybersecurity.
It is because of these traits industry leader’s and businesses ranging from financial to healthcare, which hold big data analytics have moved towards hybrid solutions to reduce costs and strain on local resources.
Work has changed. The economic, organizational and societal impact of the pandemic will continue to serve as a catalyst for digital innovation. Most enterprises and IT firms have recognized hybrid cloud as their ideal IT operating model and are advancing their timelines in an effort to modernize environments, improve system reliability and support hybrid work models.
Industry leaders are consistently reporting aggressive plans to replace traditional data centers with hybrid cloud, hoping to gain the flexibility to dynamically run workloads in the optimal place across infrastructures. Many industry verticals rank the hybrid cloud as the most secure cloud option and it is also predicted that hybrid cloud Solutions will grow faster than traditional IT offerings driving the growth of the market. Given that the pandemic has changed the way organizations operate, hybrid-cloud is the best bet to tide over the challenges.