Cloud storage has been around for quite some time, but it's getting to the point where it's no longer a question of whether or not companies are using the cloud, but rather how advanced are they in using it, and what type of cloud services are being used the most. 96% of respondents to the RightScale State of the Cloud 2018 survey say they are using cloud, whether it be public, private or a hybrid of both, and while hybrid cloud is still the most popular option, the trend shows that sooner than later, public cloud will be the go-to option for companies, with 38% of enterprises seeing public cloud as their top priority, up from 29% last year.
It's easy to see why. The cloud is easily accessible from multiple sources and allow for remote work to get done in a pinch. With public cloud becoming more and more viable with reliable security promises, companies are more comfortable storing their sensitive information on a public forum for their employee to easily access to get their work done, even remotely. The data shows companies are relying on this: 79% of workloads for companies are done in the cloud, whether they be private or public, with only 21% of all workload being done offline.
As the use of the cloud matures, however, challenges arise for businesses to handle, with security being a top priority. With sensitive company information stored online and accessible remotely by employees, it also opens the door for that information to become accessible to maliciously prying eyes as well. Costs are also a top challenge for big-name enterprises; while 50% of SMBs spend less than $10k on cloud services, 26% of enterprises are spending over $500k per year, with another 26% spending between $100k-$500k, and it's only going to go up. 20% of enterprises plan on doubling their public cloud spending in 2018.
The cloud is suddenly becoming a core facet of the modern business model. Enterprises are dumping huge amounts of money into the cloud to improve efficiency, and if they're going to do so, they need to do everything they can to maximize their usage. According to RightScale, companies are wasting, on average, 35% of their cloud costs per year, so naturally with companies looking to heavily increase their cloud spending, a top priority for companies finishing in 2018 and onward is optimizing their existing cloud use. This means moving more workloads to the cloud, getting better financial reporting, and implement cloud-first strategies for their companies. By doing this, companies will make better use of their investment to improve their workload efficiency.
For those looking to startup a business, understanding the cloud, how to best utilize it and how to properly govern the costs of it is key to building a successful infrastructure. It's no secret that the cloud is here to stay and is only growing in usage across the world. Making sure your cloud is secure, consistent and cost-effective is a part of what we do here at MakesSense; we can get you paired up with the most efficient cloud service plan for your business, no matter the size or scale of your team and projects. Head over to https://www.makessense.co/cloud-support-services to learn more!