Tag: Cloud / data center

9 Cloud Strategy Questions Every It Leader Must Answer | In the News

Whether you’re starting out or deep into your cloud journey, assessing — and reassessing — there are some key questions vital to ensuring a business-aligned approach free of cost overruns that can arise rapidly at any time.

Mukesh Ranjan, Vice President at Everest Group shares his views on some of the key points. He suggests it’s critical that all stakeholders and impacted functions should be aligned on the business value of moving to the cloud. He also talks about how quantifiable, dynamic, and outcome-oriented metrics are essential to track progress and measure the business value of the cloud.

Read more in CIO.

Cloud Security Services PEAK Matrix® Assessment 2023

Cloud Security Services 

The demand for cloud security services in the global business landscape is accelerating due to enterprises’ digital transformation mandates, rising importance of data protection, and challenges in securing hybrid multi-cloud environments. The need for effective cloud security solutions has intensified due to the expansion of cloud infrastructure, which has led to larger attack surfaces, rising cyber threats, complexities in posture management, and frequently changing regional cloud governance and security policies.

In response to stricter data protection regulations, enterprises face growing pressure to comply with data privacy laws and address increasing cybersecurity threats. The post-pandemic landscape, characterized by remote work and security vulnerabilities, has intensified cyber risks. Enterprises are prioritizing cloud security services to offer comprehensive end-to-end protection across complex hybrid multi-cloud systems. Cloud security providers are expanding their capabilities to meet these demands, emphasizing a platform-driven approach with next-generation features such as DevSecOps, automation, and zero trust. Collaborative efforts with cloud-native and third-party security providers are vital to provide sophisticated, adaptable, and globally compliant cloud security services.

Cloud Security Services

What is in this PEAK Matrix® Report

In this report, we assess 18 global cloud security providers featured on the Cloud Security Services PEAK Matrix® Assessment 2023. The research will help buyers select the right-fit provider for their needs, while providers will be able to benchmark themselves against each other.
 

In this report, we deliver:

  • Cloud Security Services PEAK Matrix characteristics
  • Enterprise sourcing considerations
  • Providers’ key strengths and limitations

Scope

  • All industries and geographies
  • Services: cloud security
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading cloud security providers, client reference checks, and an ongoing analysis of the cloud security services market

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Exploring the Importance of Post-quantum Cryptography: An Unbreakable Vault to Protect Enterprises Against Advanced Cyberattacks, Part 2

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Driving Factors for IT Services Recovery in 2024: Insights from Everest Group’s Forces & Foresight™ Research

What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

The Cloud Revolution: Adapting to Changing Realities | In the News

According to a data point published by Everest Group, 67% of enterprises believe they are not seeing the expected value from cloud. With the public cloud market growing north of 20% year-on-year for the past seven years, this “value realization” question did seem like cloud denial. But every market witnessing heady growth needs its moment of truth to reinvent and pivot to the next phase. This moment has come for the cloud as a market.

Read more in Spiceworks.

Six Alternatives to Blockchain for Businesses to Consider | In the News

Technologies like cloud storage and distributed databases provide some of blockchain’s data integrity and reliability advantages with fewer performance, efficiency, and cost issues.

Suseel Menon, Practice Director at Everest Group, said the trust and security policies and governance layers of cloud services are sufficient for most enterprise applications. In addition, several third-party data storage services can provide better governance and security with far less overhead than a blockchain would entail, he said.

Read more in Tech Target.

Cloud is Here to Stay, but Customers Are Starting to Question the Cost | In the News

Cloud has become a global industry topping US$100 billion in size, but some customers have begun to question the move to these services and started to bring workloads back in-house.

Cost pressures are forcing organizations to look more closely at their cloud investments, according to Everest Group. It claims cost has now risen to the top concern among cloud customers, and 67% of enterprises surveyed say they are not seeing the expected value from the cloud.

Everest Group’s cloud and legacy transformation leader, Abhishek Singh, told us that this can be down to the way organizations are using the cloud, and that the cost benefits are clear for operating cloud-native applications.

Read more in The Register.

Cloud Services PEAK Matrix® Assessment 2023 – North America

Cloud Services PEAK Matrix® Assessment – North America

In the continuously maturing cloud adoption landscape, enterprises are leveraging cloud services to increase operational efficiency, enable business innovation, and accelerate organizational growth. As economic headwinds challenge organizations, they are strategically evaluating their cloud modernization investments while intensifying their focus on optimizing cloud operations. Adopting hybrid and multicloud strategies allows them to enhance reliability and utilize the best-of-the-breed offerings across cloud providers. Furthermore, moving more data and applications to the cloud has made security and regulatory compliance a primary focus area. Industry-specific cloud offerings are helping enterprises address unique business needs. They are also benefiting from AI-backed cloud solutions that empower them to gain actionable insights from their data. A growing emphasis on cloud sustainability reflects their commitment to environmentally responsible practices.

As far as the North American market is concerned, the demand for enterprise cloud adoption is shifting from a focus on cost and efficiency to driving business-focused growth and experience. Enterprises are actively seeking Service Providers (SPs) capable of delivering value through business-aligned strategies and best-of-the-breed solutions and accelerators. At the same time, SPs are focusing on strengthening their horizontal- and vertical-focused partnerships with technology and platform providers to aid enterprises in their cloud adoption engagements.

CSPEAK2023

What is in this PEAK Matrix® Report

In this report, we assess 32 cloud SPs featured on Cloud Services PEAK Matrix® Assessment 2023 – North America and categorize them as Leaders, Major Contenders, and Aspirants based on their capabilities and offerings.

In this report, we:

  • Examine the market impact and vision and capability of 32 SPs focused on cloud services
  • Study providers’ key strengths and limitations
  • Evaluate enterprise sourcing considerations

Scope:

  • All industries
  • Geography: North America
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading cloud SPs, client reference checks, and an ongoing analysis of the cloud services market

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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

5 Benefits Cloud BI Has over On-Premises Options | In the News

Business intelligence (BI) moving from on-premises to the cloud taps into operational improvements and benefits. Optimizing these tools creates a more customized, user-friendly experience.

Cloud BI, on the other hand, can integrate with other systems and modern cloud data warehouses, so it’s able to quickly ingest and process different kinds of data. This removes the data silos and enables teams to fetch data from all the different systems the organization uses, said Vishal Gupta, Vice President at Everest Group.

Read more in Tech Target.

Government’s “Cloud First” Policy Update Urges More Departments to Use Public Cloud | In the News

Public sector organizations are being advised to use higher-level cloud services by the UK government after it updated its cloud-first policy. Departments are also being encouraged to look to global providers as part of the updated guidance.

Nitish Mittal, Partner at Everest Group, talks to Tech Monitor about the topic and how the UK government wants to encourage and scale adoption of hyperscalers in various parts of the public sector. He suggests that while the cloud-first updates do address the point on cloud economics, closer attention will be needed for costs.

Read more in Tech Monitor.

5 Steps to Unlock Maximum Value from Cloud | Webinar

On-Demand Webinar

5 Steps to Unlock Maximum Value from Cloud

In the last couple of years, we have witnessed the frantic adoption of cloud by enterprises trying to keep up with innovation. During that time, the definition of cloud value was never standardized across different stakeholder groups, and today many enterprises believe they are not realizing the expected value from cloud. This phenomenon has been exacerbated by the current macroeconomic environment, which has added further pressure on enterprises to justify all investments and maximize value.

In this webinar, our experts will explore the unique opportunity for enterprises to align the definition of cloud value and execute their cloud value realization strategies while facing a constrained macroeconomic environment.

Our speakers will discuss:

  • How can you define value from cloud, and what are the key elements beyond cost?
  • What does value realization mean for different stakeholder groups?
  • How can enterprises align on one consistent definition of value?
  • What is the role of different market participants in helping enterprises realize value?
  • How relevant is cost optimization as a value lever in the current recessionary environment?
  • What are the pragmatic steps enterprises can take to maximize value realization?

Who should attend?

  • CIOs and CTOs
  • IT/BPO strategy heads
  • IT/BPO department heads
  • Heads of outsourcing
  • Procurement managers
  • Global sourcing managers
  • Vendor managers
  • Hyperscaler BU heads
  • Cloud and infrastructure heads
  • Solution leads
  • Cloud architects
Zachariah Chirayil
Practice Director
Ranjan Mukesh
Vice President
Singh Abhishek B
Partner

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