As cloud grows in popularity, so are the ways businesses leverage cloud technology to meet business needs. In an earlier blog, we discussed the difference between public, private, and hybrid cloud strategies. Now, a fourth type of cloud strategy, multi-cloud, is growing in popularity. Often people confuse multi-cloud and hybrid cloud. At first glance, they seem similar, both deploying multiple environments. But here some of the distinct differences between multi-cloud and hybrid cloud:
Financial institutions are quickly learning that the future of banking is in the cloud. To stay competitive, improve security, and provide more diverse service offerings for end users, financial institutions will look to the cloud for solutions. Banks have traditionally been slow to move to the cloud due to security and compliance concerns but as of recent, have begun to fully understand the full potential and benefits of the cloud. Confidence in the cloud has skyrocketed as of recent thanks to improved levels of security and compliance associated with cloud strategy.
A disaster recovery strategy is necessary for ensuring the integrity and availability of a company's data in the event of a disaster. A delay in data recovery after a disaster can lead to severe financial losses for the affected company; studies indicate that companies can lose anywhere from $100,000 to $1 million per hour following a data outage. With potential losses this high, it's essential that a company has a solid disaster recovery plan in place to restore data and minimize downtime after a disaster.
Setting up a hybrid cloud environment is a major commitment, and choosing the right provider can make the difference between success and failure. It's not just a matter of which one has the most impressive numbers. You also need to know whether a provider will meet your business' particular needs. Detailed research is necessary, even though it can take some time.
Topics: Hybrid Cloud
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