Hybrid cloud is soon going to be a big thing in India. Many Indian firms are planning to spend half of the cloud budget on hybrid cloud. They will increase the expenditure on it by 49% in 2023.
A new IBM survey has highlighted some major data about this new development. Apparently, a huge part of the 17% IT budget is going to hybrid cloud platforms.
We will tell you all about the latest developments, but let’s all start by establishing an understanding of this. So our first question is, what is hybrid cloud?
Hybrid cloud platforms
Hybrid cloud is a combination of public cloud and private cloud which allows sharing of data and applications between them.
In case needs and demands fluctuate, cloud hybrid strategy gives different businesses greater flexibility.
Using a hybrid cloud gives these businesses greater control over their data. It also prevents huge capital expenditure for a short-term increase in demand.
Currently, it’s one of the best options out there for different businesses. Hybrid cloud will provide businesses with all the generally known benefits of cloud computing without the risk of data exposure.
Uses of hybrid cloud
Hybrid cloud services are used across many sectors and businesses. From financial to healthcare sector, hybrid cloud has helped in computing and storing of data.
Not just storage and computing, it also helps in optimizing the physical space usage. It’s not exclusive for a single sector but useful for all that use cloud storage services for different things.
As already explained, it’s a combination of the private and public cloud, so it makes it an ideal solution for industries that need to protect private data.
It’s especially useful when the workload fluctuates. A hybrid cloud adjusts as per the requirements and maintains smooth work even through workload fluctuation.
The IBM survey
So now with benefits explained, you must have understood by now why it’s attracting such investment.
The IBM Institute for Business Value survey came out on Thursday. The survey revealed that the majority of cloud budgets are going to hybrid cloud platforms.
The IBM Institute for Business Value conducted this survey in collaboration with Oxford Economics from February to April.
This survey included 6000 executives from across the globe including 412 from India across different job titles and industries.
Viswanath Ramaswamy, vice president, IBM Cloud and Cognitive Software and Services, IBM India & South Asia said, “The findings show that hybrid multi-cloud is the fundamental enabler of an organisation’s operating model, helping them to embark on a journey to become a cognitive enterprise of the future. Further, the hybrid cloud enables improved business performance and greater RoI.”