multi-cloud which seems to have sparked a new debate. To be sure, multi-cloud is a cloud computing approach which uses multiple cloud computing services from different providers to achieve functions such as cloud repatriation. Think of this as an app aggregator only the role changes. Experts believe cloud repatriation can be a workload placement strategy in a wider multi-cloud strategy. This might help the public cloud’s rapid scalability and some may benefit from the growing possibilities at the edge.
The growth that the cloud has seen is because it can be a powerhouse to drive digital transformation at an unprecedented pace. The drawbacks such as feature gaps, vendor lock-in, and high availability, among others, can be addressed by multi-cloud implementation. With cloud repatriation, different cloud vendors can offer different features at different prices. To take advantage of these variations, many organisations adopt a multi-cloud strategy. It is also implemented to address the issue of vendor lock-in and disaster recovery,” Amit Chaurasia, founder, Dataneers, a data and cloud engineering company, told FE Transform-X.
Industry experts believe for the last ten years or so, digital transformation and cloud have almost been synonyms of each other. In 2012, the cloud market was valued at $272 billion. The global cloud computing market was valued a $483.98 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2023-2030, as per Grand View Research, a market research platform. “ In recent times, there has been a notable uptick in investments in intelligent automation, cloud computing, Artificial Intelligence (AI), and observability, with a particular focus on India.
Across diverse sectors, such as banking, e-commerce and healthcare, among others, businesses are actively incorporating AI, Machine Learning (ML), and automation technologies into their day-to-day operations,” Nalin Agrawal, director, solutions engineering, Dynatrace, a unified observability and security organisation, explained, adding that government initiatives such as ‘Make in India’ and ‘Digital India’, among others are further believed to catalyse investments in these new-age technology fields.