Press release
Seagate Report: Multicloud Friction Is Tricky, but Winning Companies Know How to Hack It
The Multicloud Maturity Report examines performance in two areas—controlling data costs and scaling innovation—and offers tips for leveling up FREMONT,
About this update from Seagate Technology Holdings Plc
[{"type":"text","content":"\nThe Multicloud Maturity Report examines performance in two areas—controlling data costs and scaling innovation—and offers tips for leveling up\n\n FREMONT, Calif.--(BUSINESS WIRE)--\nToday’s multicloud is a mix of clouds that don’t communicate well. As multicloud complexity and the related costs are on the rise, the friction leads to data lock-in—and the resulting loss of business value. But it doesn’t have to be that way, says a new industry report.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220614005022/en/(Photo: Business Wire)\nThe Multicloud Maturity Report from Seagate® Technology Holdings plc (NASDAQ: STX)—a world leader in data storage and management solutions—demonstrates that it is crucial and possible to both minimize data costs and maximize data-driven innovation in the multicloud. The report also provides steps organizations can take to level up.\n\nDrawing on an original global survey of senior IT and business leaders, commissioned by Seagate and conducted by Enterprise Strategy Group (ESG), the report constructs a unique Multicloud Maturity Model. The model shows how organizations navigate the growing multicloud complexity. It reveals that the most multicloud-mature companies derive the greatest business benefits.\n\nMulticloud-mature organizations—ones that best manage cloud costs and foster innovation with the cloud—outperform their peers at business. Among other results, they:\n\n\nBeat their revenue goals by nearly twice as much as their less mature counterparts.\n\n\nAre 6.3× more likely to go to market months or quarters ahead of their competition.\n\n\nAre almost 3× more likely to report that their organization is in a very strong business position.\n\n\nAre more than 3× more likely to expect their companies’ valuation to increase fivefold over the next 3 years.\n\n\n“When trying to prove the connection between actions and outcomes with research, you never really know if your hypothesis will be borne out,” said Adam DeMattia, senior director of custom research at ESG. “The report makes it clear that an organization, by its actions, can move the needle both on cloud costs and innovation outcomes. What’s unique in this research is how we see the combination of both taking action on cloud costs and promoting innovation with cloud operations m...