[the_ad_placement id="regtech-ads"]

How A Multicloud Strategy Improves Compliance

multicloud-strategy-feature

Increasing workplace and personal digital flexibility are non-negotiable in the modern age, as nomadic experiences and remote professionals become normal. Therefore, companies rely more on cloud technology to execute operations. Some may need to be made aware that it improves compliance and security to extend that into a multicloud strategy.

What Is a Multicloud Strategy?

Multicloud strategies implement several clouds into their architecture but are interconnected. This approach eliminates physical data centers and may rely on a few cloud providers for support. In the long run, this is energy- and cost-efficient. It makes a company more portable and adaptable.

The Different Platforms of Multicloud Systems

Cloud services offer cloud-native advantages – these open-source technologies have synergetic designs, encouraging innovation in compatibility and transparency. Multicloud strategies encourage streamlining data management and operational efficiency because countless features are executable from one hub.

Multicloud systems could contain any of the following platforms:

  • Platform as a service (PaaS)
  • Software as a service (SaaS)
  • Infrastructure as a service (IaaS)

Though this sounds like more moving parts, the objective of multicloud strategies is to create a strong foundation and build upon it cohesively to create a more agile infrastructure. Because cloud services are not always region-specific, they could make operations more global, allowing greater freedom for employees and a more significant range of clientele.

How Do Companies Implement Multicloud Strategies?

Every step of incorporating a multicloud infrastructure requires cybersecurity and compliance evaluation. One of the biggest hurdles to overcome is the financial and time investment. Setting up a multicloud strategy is not a cheap or automatable task. Developing accurate expectations is a must as companies adjust to multiple interfaces and provider offerings.

Therefore, picking two or more providers is a company’s most impactful choice when transitioning from traditional data management. The variety of companies offering multicloud services allows companies to weigh their budgets against the service features on offer.

For example, transferring data from one cloud service to another may cause corrupt files or may not permit data to be executed. Internal streamlining may need finessing depending on what file types and software integrations are available from each provider.

Subscribing to various services can be advantageous, as multiple providers could cover a gamut of tools to diversify technology stacks. One provider could limit a company to its available customization and expansion options, but multicloud strategies enable diverse application usage and choice.

Will It Improve Cybersecurity and Compliance?

Some cloud providers require specific compliance measures. Therefore, if compliance was imperfect before the multicloud strategy, now is the time to refine it. The implementation provides a motivator, especially because there are benefits to diversifying vendors.

If any vendor changes occur, the data is still mobile, and the company isn’t vendor-dependent. It’s less likely that a shift in regulations will force an overhaul of an entire organization if the company hasn’t put all its eggs in a single basket.

Companies or groups that rely on a single provider could suffer from cloud concentration risks, which raises red flags for analysts and compliance administrators. Focusing one’s cloud strategy in one place also raises regional and possibly political issues for international organizations.

Multicloud Strategies Help Increase Resilience

Multicloud architecture encourages compliance with a wider range of data protection laws, which makes an organization more globally compliant and competitive by being more in tune with ever-stricter guidelines. Ongoing innovations in open-source programs and automation make checking policies even easier.

From a cybersecurity perspective, multicloud strategies make a company more resilient against cyberattacks and other impediments to operations in multiple ways:

  • Increasing automation with data storage backups
  • Decrease downtime due to outages
  • Expediting data recovery if an attack happens
  • Eliminating hardware tampering
  • Enlisting the help of third-party vendors’ security services in addition to internal measures

Multicloud Strategies Provide Security and Versatility

The benefits of multicloud strategies for improved compliance are apparent. With more companies prioritizing security and mobility, the cloud is where forward-thinking organizations are allocating their investments.

It increases the scalability of a business and consolidates technology for improved efficiency and cyber risk assessment. Most importantly, it reinforces adherence to worldwide compliance requirements, strengthening the infrastructure of any business.

Zachary Amos

Zachary Amos is an editor at ReHack Magazine. He enjoys exploring the latest tech innovations in AI and cybersecurity.
[the_ad_placement id="regtech-ads"]
Share this:

Innovation and regulation in finance

Subscribe to our newsletter

PlanetCompliance does not claim to be exhaustive, instead we are helpful for any contribution from our users, and the content on this platform does not constitute legal advice.

Scroll to Top

Add Article

Add your article to Planet Compliance.