The National Stock Exchange of India (NSE) is the second-largest electronic stock exchange in the world. When the NSE set out to modernize its IT infrastructure by moving to the cloud, it quickly realized the many benefits of multi-cloud — review film agility, scalability and resiliency. It was also able to ensure security through micro-segmentation in a multi-cloud environment.
Deploying to a multi-cloud infrastructure enabled NSE software developers to create cloud-native apps rapidly and deliver innovative customer experiences. It helped NSE future-proof its operations and stay competitive in an ever-changing financial landscape.
Enterprises around the world — and across our region — are increasingly taking advantage of the many benefits of a multi-cloud infrastructure, which include increased performance and savings.
The VMware FY22 H2 Benchmark Study on Digital Momentum found that 73% of enterprises already use two public clouds and 26% use three or more. By 2024, 81% of enterprises expect to be multi-cloud.
The rise of multi-cloud, however, presents some new challenges for enterprises — especially the ones impacted by increasing regulation on jurisdictional control of data.
Growing Concern with Data Sovereignty
Data privacy and residency regulations, such as General Data Protection Regulation (GDPR) in Europe, are also being implemented in several other countries. According to the United Nations Conference on Trade and Development (UNCTAD), 80% of countries worldwide have enacted or drafted data privacy legislation, with analyst firm IDC projecting that half of all European organizations will spend 10% of their IT budgets to comply with sovereignty rules adopted in the EU.