Are Your Peers Outperforming You with a Better Cloud Strategy?
Research shows there are specific steps organizations can take to maximize the value of adopting a multicloud environment. Learn the strategies of leaders to achieve multicloud maturity.
Multicloud is here to stay. Whether your organization has launched a strategy that deploys multiple clouds or is just considering it, one thing is clear: the options are complex and almost endless. And not all multicloud strategies are equal.
Most organizations now operate cloud environments composed of multiple services that must integrate, move dataflows between them, and operate as a single, seamless, frictionless ecosystem. At the same time, most organizations are generating, collecting, and using larger data flows than ever before.
Consider a few recent data points and projections:
Despite the growing adoption of multicloud environments and the data that flows through them, most organizations are struggling to achieve mature multicloud strategies and capture the benefits it can provide.
To better understand the state of multicloud and how organizations can improve theirs, we partnered with the Enterprise Strategy Group (ESG) on a custom research project—The Multicloud Maturity Report. The report found that only 13% of organizations have achieved multicloud maturity. While this statistic sounds dire, it’s actually good news for your organization.
Most of your peers and competitors likely have a low multicloud maturity level. This represents a clear avenue for a competitive advantage that you can exploit by improving your organization’s own maturity levels.
In this article, we will examine the report’s data to show how to capture this opportunity. To do so, we’ll explore:
As reported in The Multicloud Maturity Report, ESG’s analysis quantified the value of achieving multicloud maturity and mapped the benefits that mature organizations enjoy. They found that organizations that achieved a high degree of maturity vastly outperformed their peers across a wide range of business value drivers. Multicloud mature organizations:
In short, it’s worth doing whatever it takes to achieve the highest multicloud maturity levels possible...and ESG’s research shows you how to do that. They went beyond simply analyzing maturity levels of different organizations and used their findings to map key areas to focus on—and the key steps to take—that can help improve your organization’s cloud maturity level.
ESG’s survey determined which organizations had mature multicloud strategies and reaped the benefits—and which organizations were lagging and struggling with a mess of data and deployments.
ESG evaluated organizations according to two top-level criteria:
ESG combined the scores for these two criteria to create their macro multicloud maturity score. To raise your organization’s multicloud maturity score—and reap the benefits a mature strategy provides—you need to minimize data-related costs and improve how you scale innovation.
The report also outlines several actions successful companies have executed and that your organization can learn from.
ESG found that only 18% of organizations are leaders at minimizing their data-related costs. Additionally, 52% of organizations are moderately mature, while 30% are rated least mature.
According to ESG, leaders who minimize data-related costs take the following steps:
By following these steps, leaders that minimized data-related costs generated many benefits their peers did not and took a big step toward achieving a higher macro multicloud maturity score. Yet, minimizing costs is only half the battle.
ESG found that only 14% of organizations are leaders at scaling data-related innovation. Organizations that are moderately mature made up 59% of the group while 27% are least mature.
According to ESG, leaders in scaling data-related innovations follow these steps, which may offer a blueprint for your own organization:
Organizations that follow these steps—and the steps to improve, minimize their data-related costs—achieve multicloud maturity and outpace their peers.
Yet even though these steps are clear—and some of them even seem obvious—many organizations struggle to follow them. For the rest of this piece, we’ll explore why that is, and how you can overcome these common barriers and bring a more mature multicloud strategy to life at your organization.
To bring a more mature multicloud strategy to life, you need:
Unfortunately, many organizations lack the right tools to deliver these capabilities.
New data tools and services are entering the market that correct these problems, and make it simpler, easier, and more cost-effective to implement a mature multicloud strategy. And at Seagate, we’ve developed two such tools.
Lyve™ Mobile is an edge storage device that lets you retain, store, and transfer every bit of collected data in a cost-effective manner. Lyve Mobile was built to store and transfer large-scale data flows from modern, distributed devices. Most importantly, Lyve Mobile offers an on-demand consumption model in which data transfers are delivered as a service where you only pay for the devices you need, when you need them.
The result: You reduce your CapEx and OpEx, and gain the ability to store all the data your organization generates without large, unpredictable costs.
Lyve Cloud is a simple, trusted, and efficient object storage solution for mass data designed to create flexibility, easy access, and rapid innovation within multicloud environments. Lyve Cloud eliminates API charges and egress fees, thus reducing friction between cloud services. With Lyve Cloud, you can share data seamlessly with other cloud environments, access your data anytime at any scale, and enjoy stable, predictable capacity-based pricing.
The result: Lower your total cost of operation (TCO) by more than 70% and remove barriers to freely move and access your data, driving more insights and greater innovation.
Together, Lyve Mobile and Lyve Cloud provide the multicloud freedom and cost controls needed to reach greater multicloud maturity—quickly and easily.
Only 13% of organizations have achieved true multicloud maturity across both costs and innovation. No matter how effectively you’ve designed and deployed your cloud strategy, it’s likely there are few areas where you could improve capabilities, increase maturity, and deliver even great benefits for your organization.
To start, review the steps listed above, and see if you missed any in your current multicloud strategy implementation.
Then, review your tools to see if they’re delivering the mass data storage and multicloud freedom required to get the most from your strategy. If they aren’t, please reach out to learn more about Seagate’s Lyve Cloud and Lyve Mobile solutions and how they can help you bring your organization’s multicloud maturity to the next level.