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In order to stay ahead of the competition, software companies need to continue to modernize their product. Even if you’ve cornered the market today, it doesn’t mean that you’ll continue to be the leader in the years to come. By looking at new technologies and business models, software companies can stay ahead of the competition and continue meeting customers’ needs. One way to do this: by adopting a SaaS business model. SaaS gives customers hands-off access to the software and minimal time and effort in onboarding and set up since there’s no physical hardware required for installation. Plus, with more employees working from home, SaaS is even more appealing option since it can be remotely accessed.

Since the advent of computing, humans have generated a lot of data. So much data that we are now living in what is being hailed as the Zettabyte Era – a time when we’ve collectively generated zettabytes of data. And in case you didn’t know, a zettabyte is 1 sextillion bytes or, to put it into numbers, 1,000,000,000,000,000,000,000 bytes. In fact, according to Statista, about 181 zettabytes of data will be created by the year 2025.

The process and execution of application migration to the cloud from on-prem can take many paths. At a minimum, apps are rehosted – or moved largely as-is to the cloud. But ideally, they should be modernized through refactoring or rewriting – even potentially replaced with a SaaS offering. But according to Gartner, 85% of today’s core IT applications were not built for the cloud. These “untouchable” applications often serve a business-critical function, supporting many business processes. They took hundreds of man hours (nay, years) to develop and therefore will take years to refactor for the cloud.

We’ve all heard of the price-performance ratio. Getting the best performance at the lowest cost makes a product much more desirable in the market. Your own organization probably considers it as they are determining how much your audience is willing to pay for a new offering. But have you considered the price-performance of your cloud? Better costs is probably what pulled you into the cloud in the first place. But how is your cloud computing performance? In this post, we’ll look at how your cloud might not be working for you and provide an overview of cloud cost optimization tips.

Experts seem to be divided on whether we’re heading towards a global recession or not. In response, many business leaders are taking a conservative approach and cutting expenditures including personnel and projects. Given the strategic importance and potential expense of migrating applications to the cloud, increased scrutiny is to be expected.

What is Cloud Downtime?

Cloud downtime is a disruption in cloud-based services. As more companies are choosing to migrate to the cloud, any disruption in cloud services can be costly. Gartner estimates that cloud downtime costs a company $300,000 per hour on average.

2022 was a monumental year here at Silk. We continued to grow, our product continued to improve, and we were recognized for the outstanding achievements that the Silk platform brings to the industry. Below is a quick recap of what we were able to achieve in the cloud industry in 2022:

Many companies are moving their data and applications to the cloud. And more and more companies are striving for a multi-cloud strategy. There are many reasons companies do this. Perhaps they fear vendor lock-in — where they have put so much of their company’s workloads and applications into one particular cloud, that they aren’t able to take advantage of competitive pricing. Or maybe they are trying to leverage the unique feature/functionalities each of the various cloud vendors offer for certain workloads that will benefit the most from them. They might even be different teams in different departments who happened to choose to host their data on this or that cloud because of team member or customer preference or experience. Or perhaps they are leveraging multi-cloud Disaster Recovery for high-availability purposes.

According to O’Reilly, more than 90% of organizations use the cloud. 2/3rd use the public cloud with 45% using a private cloud. In fact, according to Gartner, cloud spending will reach $600 billion in 2023.

The ability of your cloud infrastructure to withstand and fully recover from disruptions is known as cloud resiliency. Cloud resiliency prepares your cloud infrastructure for both unplanned and intentional attacks.