That is until they see their bills.Īccording to the 2022 State of Cloud Cost Intelligence Report by CloudZero, organizations that have adopted cloud environments admittedly struggle with their costs and feel that they are spending too much on them. Cloud is promoted using scalability, flexibility, and long-term savings as key selling points, but the pay-as-you-go service often leaves an unclear image for finance and engineering teams of how much businesses are truly spending.
FLEXIBLE ROGUE LEGACY HOW TO
While the cloud has many benefits, if an organization has not looked at how to share responsibility in creating transparency surrounding their cloud computing infrastructure and costs, those benefits can be diluted. Many businesses adopted cloud looking to shed the weight of on-premises infrastructure, but like any other large business investment, cloud adoption requires careful planning. Of course, much of the growing trends are due to the global emphasis placed on cloud-first policies. How companies fail to achieve accurate cloud cost optimization
The questions that arise, however, are whether organizations are spending too much on cloud, and how they should achieve cloud cost optimization. These numbers will continue to grow, particularly as leaders recognize the value of being able to merge public clouds with private hardware. Cisco’s 2022 Global Hybrid Cloud Trends Report released in May also found that 82% of leaders are adopting hybrid cloud environments. The rise in the trend is so great that earlier this year in April, Gartner forecasted the global cloud expenditure in 2022 to grow by 20.4% from 2022, reaching an estimated $494.7 billion up from $410.9 billion in 2021. The cloud market has continued to grow in recent years as industries rush to implement cloud strategies in hopes of increasing performance and revenue, and the long-term, lowering business expenses.