Welcome to this week’s edition of CloudBolt’s Weekly CloudNews!
Here are the blogs we’ve posted this week:
With that, onto this week’s news:
85% of organizations will be “cloud-first” by 2025, says Gartner
Brandon Vigalaro, TechRepublic, Nov. 12, 2021
“The cloud, says Gartner, is going to be the centerpiece of new digital experiences. For businesses that means it’s time to adopt a cloud-first approach, or risk languishing in an on-premise data center. The changes that Gartner says are on the horizon will mean major shifts in the way the world does business over the next few years, the results of which Gartner said will be more than 85% of organizations embracing a cloud-first strategy by 2025, and 95% of new digital workloads being deployed on cloud-native platforms (up from 30% in 2021).
‘By 2025, 70% of new applications developed by organizations will use low-code or no-code technologies, up from less than 25% in 2020,’ the report said. “Low code and no code will be a force multiplier to accommodate the digital skills that business technologists have,’ Govekar said.”
3 factors that influence multi-cloud cost optimization
Dan Sullivan, TechTarget, Nov. 10, 2021
“A multi-cloud strategy offers access to a breadth of cloud services and a reduced risk of vendor lock-in. Along with their many benefits, multi-cloud deployments can also introduce extra costs that are not present in single-cloud environments.To keep costs in check, IT teams should understand application requirements and track data usage and networking trends. They must also consider broader obligations such as security and compliance.
When it comes to multi-cloud cost optimization, data protection and compliance aren’t always the first items to come to mind for IT teams. But a lack of focus on security and compliance requirements can result in big expenses. When using data across multiple clouds, security becomes complex. The time and effort required to secure data in one cloud can double when admins must take similar measures in a second cloud. To reduce redundant work, use a single sign-on service that allows for federated identities. Assign attributes to identities, such as users and service accounts. This determines the privileges available to them. Use identity and access management tools to help with this task. Unify identity management and authorization policies to reduce redundant security management operations across clouds. In addition, when copying data from one cloud to another, use data-loss prevention services to scan and redact protected data that is not needed by services running in the second cloud.”
Cost reduction is still the biggest driver of banks’ cloud adoption
Karl Flinders, Computer Weekly, Nov. 12, 2021
“Reducing costs remains the most commonly cited driver for cloud technology adoption by banks, with nearly three-quarters believing that moving to the cloud is critical to achieve their business priorities.In a report by the Economist Intelligence Unit for Temenos, costs were cited as a driver for cloud adoption by 43% of bank respondents globally, compared with just 21% that said improving customer services was a key reason for taking up cloud. It also found that 82% of banking IT executives now have a clear strategy for adopting cloud.
The Covid-19 pandemic has spurred action in cloud adoption by the banking sector, according to the report. “Banks have generally been slower to take to cloud computing than other sectors,” it said, “but the adoption of software as a service and cloud infrastructure has accelerated since the start of the pandemic as banks seize an opportunity to cut costs and ramp up their digital transformation projects.” Traditional banks are taking to the cloud to enable them to keep pace with digital developments in the sector, while being pressured by cloud-native competitors. Meanwhile, newer banks are using the cloud to reach new markets. According to the report, banks are tapping into the cloud to speed up their ability to gain insights from data, and to be able to innovate more quickly. Yet barriers stand in the way of a cloud adoption, including security, privacy, compliance and governance concerns.”
