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98% of Indian businesses have taken a Multicloud Infrastructure Provider Strategy: Report

New research found that IT leaders use multicloud providers to benefit from reduced costs and more control over their data

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DQINDIA Online
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According to a report from 451 Research, a division of S&P Global Market Intelligence, which was commissioned by Oracle Cloud Infrastructure, multicloud is the new reality in enterprise technology. According to the global study, which polled 1,500 executives and senior decision-makers at businesses, including those in India, about how they use the cloud internally, practically every cloud journey is now turning into a multicloud journey.

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IT leaders use multiple cloud providers to benefit from reduced costs and more control over their data

As businesses look for higher business agility and improved operational efficiency from the technology they use, cloud has almost entirely replaced the term "IT" in recent years. More than 89 percent of respondents in India felt that the COVID-19 epidemic has been a significant driver of increased interest and investment in cloud technology, even if these trends have been present for some time. Organizations embraced a multicloud strategy to acquire the flexibility and scalability they needed for this new reality as they faced new problems like growing levels of remote work and engagement with new business partners and suppliers.

“Godfrey Phillips’ India’s (GPI) ‘People-First’ legacy spans decades, and it includes all our stakeholders – including our customers. Technological advancements are a key enabler in ensuring that we deliver the best results to them. With the vision of offering greater agility in all our future deployments, our technological architecture is multi-cloud and futuristic. Considering our successful and long-standing association with Oracle across a wide range of areas, we have also onboarded them as our partners in our cloud journey to meet the future-ready needs of our expanding portfolio. With Oracle Cloud, we have further improved our scale, adaptability, and resiliency necessary to ensure uptime and successfully navigate volatile customer demands. With this partnership, we can optimize our processes across stages and functions which will give us the edge to fulfil the promise of customer satisfaction with DR support, scalability and better price performance”, said Sharad Aggarwal, CEO, Godfrey Phillips India.

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He further added, “With Oracle Cloud, we have further improved our scale, adaptability, and resiliency necessary to ensure uptime and successfully navigate volatile customer demands. With this partnership, we can optimize our processes across stages and functions which will give us the edge to fulfil the promise of customer satisfaction with DR support, scalability and better price performance”.

“As cloud becomes one of the most critical enablers of business success, organisations are increasingly keen towards achieving an edge in their cloud strategies. Selecting one cloud provider is no longer considered the most beneficial business decision. Instead, having access to best of breed services is a top priority. Oracle’s multicloud approach, with OCI’s distributed cloud, is well aligned with our customers’ preferences – it also addresses one of our ultimate goals of offering customers choice with business agility,” said Srikanth Doranadula, group vice president, technology and systems, Oracle India.

 “By transitioning to cloud, Poonawalla Fincorp has seen huge benefits. From processing 20000 loans per month in Sept 2022, and after moving to OCI, the company now processes 600,000 loans per month. During the shutdown, Poonawalla Fincorp shutdown their in-premise datacenter and moved all their servers to the cloud. The ease of migration was also a good experience. 60% of our workloads run on OCI, while 40% is from other cloud solution providers.” said Kandarp Kant, CTO, Poonawalla Fincorp.

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Key findings from the study include:

Almost every cloud journey is multicloud

  • 98 percent of enterprises surveyed in India are using or plan to use at least two cloud infrastructure providers and 33  percent are using four or more.
  • 96 percent reported in India they are using or plan to use at least two cloud application providers (Software-as-a-Service), with 51  percent using cloud applications from five or more providers.
  • This multicloud strategy allows IT departments to meet the specific technology needs of different teams across the organization.
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Data sovereignty and cost optimization are driving demand for multicloud strategies

  • The top two drivers of multicloud strategies for Indian enterprises are data sovereignty (53 percent) and cost optimization (37 percent).
  • Other drivers of multicloud strategies include business agility and innovation (32 percent), Vendor influence (28 percent) and Best of breed cloud services and applications (27 percent).
  • Multicloud strategies give enterprises more control over where and how their data is stored and used, while also ensuring businesses can control the costs of their cloud operations by adjusting which services they use from different providers.

Enterprise organizations are proactively planning multicloud strategies for the future

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  • Data redundancy (61 percent) is the most anticipated future use case, followed by data mobility (54percent) and cost optimization across public clouds (45 percent).
  • IT departments also plan to use multicloud strategies for risk mitigation for the entire IT environment (39 percent) and geographic expansion or global service delivery (39 percent).
  • The fact that IT departments are planning multicloud strategies shows that they see multicloud as a way to get ahead of their technology needs, instead of simply a tactic to react to crises.

Approach and Expectation from Multicloud

  • (59 percent) of Indian enterprises believe Economics as the most important motivating factor for taking a multicloud approach to its cloud infrastructure
  • In India, 70 percent of respondents said Multicloud guarantees cost optimization for their organization’s public cloud spending
  • Cloud cost optimization (33 percent), Common security or governance policy across clouds (31 percent) and Integration with existing toolsets used for on-premises infrastructure (31 percent) are some of the most predicted outcomes from Multicloud management platform
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This research validates the approach OCI has taken with its distributed cloud and management offerings, which earned Oracle recognition as a leader in the recent Omdia Universe: Hybrid and Multicloud Management Solution, 2022–23 report (December 2022). Read a complimentary version of the report here.

Methodology

The survey data used in this report was collected by 451 Research, part of S&P Global Market Intelligence, and commissioned by Oracle. The global survey was fielded in the third quarter of 2022 and is based on a cross-industry sample of 1,500 enterprise respondents in North America, Europe, Asia-Pacific, the Middle East, and Latin America. For the purposes of this survey, “enterprise” is defined as an organization with more than 1,000 full-time employees (North America) or more than 500 full-time employees (other geographic regions).

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About OCI’s Distributed Cloud

OCI’s distributed cloud offers customers the benefits of cloud with greater control over data residency, locality, and authority, even across multiple clouds. OCI’s distributed cloud features the following:

  • Multicloud: OCI’s multicloud capabilities such as Oracle Database Service for Microsoft Azure and MySQL HeatWave give customers the choice to pick the best cloud provider for their applications and databases.
  • Hybrid cloud: OCI delivers hybrid cloud services on-premises via Oracle Exadata Cloud@Customer and manages infrastructure in over 60 countries.
  • Public cloud: Today, OCI operates 41 OCI regions in 22 countries, with 9 more planned, including two sovereign cloud regions for the EU.
  • Dedicated cloud: OCI delivers dedicated regions for customers to run all Oracle cloud services in their own datacenters, and Oracle Alloy will enable partners to customize the cloud services and experience for their customers.
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