Weekly CloudNews: Cloud IT Infrastructure Spend Still Rising?

Welcome to this week’s edition of CloudBolt’s Weekly CloudNews!

Earlier this week, we looked at how to manage multiple clouds and seven benefits of Microsoft Azure integration for your enterprise.

With that, onto this week’s news:

MULTI CLOUD BECOMES THE NEW NORM FOR BANKING

Tom Groenfeldt, Forbes, June 29, 2020

“Multi-cloud for banking has moved from an oddity to a popular buzz term in the course of just a couple of years.

But the journey is just getting started, said Shanker Ramamurthy global managing partner banking and financial markets at IBM Services and president of IBM industry Academy. Banking regulators are growing comfortable with cloud implementations and even requiring multi-cloud in some cases, so if one cloud provider fails the other can take over.

‘The typical large bank is already grappling with multiple cloud environments, private and public, and has to decide which workflows to put where, how to manage the complexity and avoid vendor lock-in.’”

CLOUD IT INFRASTRUCTURE SPEND STILL GOING UP AMID COVID-19, SAYS IDC

James Bourne, Cloud Tech News, June 29, 2020

“Times may change, but the song remains the same: IDC’s latest Worldwide Quarterly Cloud IT Infrastructure Tracker has pegged an increase in cloud spending with outlay on traditional infrastructure falling off a cliff.

The figures for Q1 2020 showed vendor revenue from sales of IT infrastructure products for cloud environments, including server, enterprise storage and Ethernet switch, went up 2.2% year on year, while non-cloud investments went down 16.3%.

The Covid-19 pandemic was naturally the primary driver behind IT spending – or the lack of it – during the quarter, with IDC noting the widespread remote working triggered demand for consumer and enterprise cloud-based services. Public cloud was the only segment which escaped a decline in spending year over year in Q1, breaking $10 billion in spend at a 6.4% uptick.”

REMOTE MONITORING AND CLOUD ANALYTICS LEADING THE EVOLVING AUTOMATION ERA

Debjani Chaudhury, Enterprise Talk, June 29, 2020 

“Cloud analytics and remote monitoring offer a much-needed respite at this juncture with a multitude of low cost, connected, powerful devices, combined with the enterprise systems associated with different customer service models. Considering remote monitoring, IoT data integration makes it possible to match the competitive challenges of the new digital age.

Combined, they both offer an extensive window into the performance of the company’s automation equipment. Cloud analytics allows enterprises to build customized dashboards to consider production data. At the same time, remote monitoring delivers valuable insights into its system health and assets and helps to revive critical files for configuring a disaster recovery plan.”

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