intelligent

ECONOMIC

CONCERNS ARE PROMPTING BUSINESSES TO OPTIMISE TECHNOLOGY USE FOR COST- EFFECTIVENESS AND STRATEGIC

DECISION- MAKING .

hybrid and multi-cloud options , as Leaseweb ’ s Storrar noted . “ There is a definite move into private from public cloud , driven by more predictable , forecastable pricing structures ,” he outlined . “ In this climate people want as many knowns as possible .”

Michal Lewy-Harush , CIO at Aqua Security

Yet Storrar recognises that this is not the only thing driving businesses to private cloud . With the huge migration to cloud over the past few years , “ how business managers are thinking has changed too – they are making changes for real benefit not for the sake of it and are getting more knowledgeable about how cloud set-ups can be tailored . It ’ s therefore not a surprise that most businesses are choosing highly flexible hybrid and multi-cloud options .”

“ Tech teams now have the skills and confidence to make cloud work for the business ,” he continued . “ The ability to scale and pay only for what is needed is an expectation now – businesses are getting even better at fine tuning performance on a daily basis to achieve a balance between price and flexibility . And it is more commonplace now for different departments to manage an element of their own cloud services – marketing does not have to operate on the same platform as the finance function .”

But as cloud usage becomes fragmented , it can be difficult for business leaders to have complete visibility over organisational data and ensure that it is all protected to the required standard . In fact , 46 % of businesses report that they don ’ t know where their personal data is stored , and sporadic use of the cloud only exacerbates this problem .

Michal Lewy-Harush , CIO at Aqua Security , warns that as cloud usage expands in 2024 , “ more and more organisations will have to find the right balance between cost , effectiveness , value and security posture .