The majority (86 per cent) of cloud technology decision makers have reported their current cloud strategy as multi-cloud, with performance and innovation rising above cost savings as the top measures of success.

This is among the findings of a new report by Virtustream, which also revealed that 60 per cent of enterprises are now moving or have already moved mission-critical applications to the public cloud.

Deepak Patil, senior vice president of Product and Technology at Virtustream, said: “Multi-cloud is a clear reality of the next era in cloud computing. Whether it is employed to balance risk or to leverage the advantages and use cases of various cloud platforms – enterprises are increasingly moving their workloads to multiple cloud providers.”

According to the research, shifting business priorities are driving businesses to adopt multi-cloud strategies. Furthermore, as organisations increasingly focus on migrating mission-critical applications to the cloud, investments in cloud technology and resources will also rise.

The researchers found that almost half of enterprises report at least $50 million (£38 million) in annual cloud spending. In addition, the majority of respondents said they plan to increase or maintain their investments over the next two years. This includes resources devoted to internal staff and external vendors.

Increases in cloud adoption and investment are also driving enterprises to update and formalise their cloud strategies “in a more intentional way”, said the researchers. Almost three in four enterprises plan to re-evaluate their cloud strategy within the next two years, or create a new one.

The report authors also revealed that cloud strategies must aim to create greater alignment between cloud technologies and key business objectives. When asked about their organisation’s objectives for cloud this year, 42 per cent of respondents said operational efficiency was their top priority. This was followed closely by innovation and revenue growth, respectively.

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