hybrid, multi-cloud and cyber risk

Demand for cloud computing among small and medium-sized businesses is driving the growth of Australian data centers of all shapes and sizes. For many organizations there are also regulatory and legislative requirements for data storage in Australia, such as the Critical Infrastructure Security Act. The data center market is growing accordingly.

The data center market is estimated to grow at a compound annual growth rate (CAGR) of about 4.02% in Australia from 2023-2028, while the local cloud storage services industry is expected to grow by 9.3% in 2023 and will reach USD 4.3 billion. in income.

This growth comes as no surprise given the post-Covid data boom driven by remote work and online business – data has to be stored somewhere and is increasingly dispersed across multiple locations. However, without the right strategies in place, managing this data can be difficult and create vulnerabilities.

Businesses need the help of a trusted IT partner to manage these solutions, reduce their complexity, place their workloads where they work best, and maintain a robust cybersecurity and resilience strategy.

Why do organizations need the help of a professional partner? Almost 70% of Australian IT jobs are in short supply, according to the first annual Jobs and Skills Report 2023. Due to the lack of skills, you probably find it difficult to attract and retain the right IT talent. Partners can fill this gap while saving your organization time and money.

Optimizing end-to-end delivery with partners

IT decision makers are increasingly looking to service provider and integrator partners to help them identify, recommend, implement and support complex IT systems and infrastructure and achieve optimized end-to-end delivery.

Growth in areas such as artificial intelligence, multicloud and the edge also requires the help of service providers and partners to ensure your business makes the most of these exciting new technologies and help you optimize your operations to take advantage of them. For example, the artificial intelligence market in Australia was valued at $7.5 billion in 2023, with a compound annual growth rate (CAGR) of 17.35% between 2023 and 2030.

Greater cyber resilience in the public cloud

Cyber ​​threats are likely to be most important to you and your organization after several high-profile hacks in late 2022. Despite this, the Office of the Australian Information Commissioner (OAIC), which oversees the Notifiable Data Breach (NDB) system, actually found that the number of data breaches was in the first half in 2023, 16% lower compared to the previous six months. However, the finding comes with a caveat from the OAIC, which says that since the introduction of the NDB scheme in 2018, there has been a trend for more breaches to be reported in the second half of the year. Data for the second half of 2023 are available in the first quarter of 2024.

Given the persistent threat of cybercrime, resilience should be a top concern for your organization, regardless of the location of its IT environment.

With this in mind, there is a significant opportunity for partners to help you develop data protection and security strategies. Partners can find the options and flexibility to support your business with a consistent experience, whether you want to use IT solutions: on-premise, off-premises, public cloud, private or hybrid cloud, or, increasingly, a mix of all of them.

Cloud security innovation strives to simplify the multi-cloud experience and leverage an open ecosystem to create the best solutions and innovations. However, as you are probably all too aware, it is impossible to go through this experience alone. You need trusted partners who are experts in cybersecurity, cloud, edge and AI to deliver solutions that include the necessary infrastructure, connectivity, services and technical and market expertise.

Delivering a unified experience through collaboration

As customers demand higher value outcomes, IT solution providers are changing their business models and routes to market to address these needs. Service providers will work with you from initial project scoping through rollout, implementation and ongoing operation and maintenance. A trusted partner will be there at every step of your journey and into the future.

Technology is constantly evolving and your technology needs are changing; this is a challenge for service providers to take their services to another level and help your organization use technology on its terms and provide a unified experience, whether your applications and data are stored on-premise, in a hybrid cloud or with a cloud service provider.

The opportunities are there; now it’s up to organizations that, as we’ve noted, face persistent skills shortages to use collaboration with partners as a core strategy to adapt and succeed. It’s a great time to be a partner in the IT industry, and it’s a great time for you, the customer, to benefit from their expertise.