You’ve made the move to cloud and expect to experience drastic savings. But it just isn’t happening. And, in some instances, you’re may even be spending more than you did before. But why are your computing expenses piling up? Because you aren’t being strategic about monitoring and controlling your cloud environment and, as a result, your cloud computing costs.
And you’re not alone. According to Gartner, a massive 80% of organisations will overshoot their infrastructure as a service (IaaS) budgets due to a lack of cost optimization. Similarly, 58% of enterprise businesses acknowledge that they are overspending on cloud. And with each instance where a budget is exceeded, business and finance teams lose confidence in what cloud initiatives can deliver.
Cloud cost management or cloud cost optimisation is the process of reducing your overall cloud spend by identifying mismanaged resources and eliminating waste. This in turn plays a significant role in an organisation’s plan for future costs and consumption.
Our latest infographic outlines a range of cloud cost management strategies to keep your cloud budget under control
Take a look below.