"If you look deeper into this, 89% of the organizations that have embraced multi-cloud, you will see that 73% of these organizations, they are utilizing hybrid cloud architectures. That is combining your on-premise systems with your different cloud providers. Why is that so? That's because majority of these organizations are already on-premise, and now they are basically migrating and modernizing their workloads to different cloud providers."
"To understand that further, what we are going to be doing is we are going to be taking an example of a completely fictional bank, let's call it FinBank. It's 100 years old, traditional bank, and it's also on its way on a similar journey that is a journey to multi-cloud. This bank, it has built its platform on-premise over multiple decades, and this platform has evolved through multiple re-architectures across."
89% of organizations operate in multi-cloud environments, with only 10% using a single cloud provider and 1% on a single private cloud. Among multi-cloud adopters, 73% use hybrid architectures that combine on-premise systems with multiple cloud providers. Many organizations are migrating and modernizing legacy on-premise workloads to different cloud platforms. FinBank, a 100-year-old traditional bank, evolved its on-premise platform through multiple re-architectures and is adopting multi-cloud to modernize infrastructure, compete with FinTech startups, and maintain stringent compliance requirements.
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