What does Multi-Cloud Strategy mean?
A multi-cloud strategy, often spoken of in the context of enterprise, is when a client or stakeholder uses more than one cloud computing service. It has been a time-tested method of optimizing business operations for companies of significant sizes that have different needs for different data sets or services.
Techopedia explains Multi-Cloud Strategy
Companies can pursue multi-cloud strategy for various reasons. As some experts point out, in the early days of the cloud, there was a lot of attention paid to security. Companies might utilize multiple cloud services based on those concerns. Other overarching reasons to pursue multi-cloud are related to price thresholds and special functionality – companies might use one more broad cloud service for some data, and a less extensive cloud service for other data – or they may avoid pricing thresholds and metering by spreading their cloud service needs across more than one provider.
Multi-cloud is as versatile as cloud deployment itself. Companies can choose public, private or hybrid cloud options, and combine multi-cloud to make their plan even more customized. On one hand, some companies have concerns about paying multiple vendors. Others feel that this is a better and more effective method.