Build a Culture of Cloud Financial Awareness and Accountability

The shift from a fixed-price usage model to variable-cost, utility-style pricing makes it hard for organizations to predict, analyze, contain and allocate cloud costs. This new landscape is driving finance and IT to look for cloud savings opportunities that maximize the value of their cloud spend, while offering immediate and often substantial cost savings.

With ad hoc purchases of cloud resources throughout the organization, price negotiations and control have become challenging. While the cloud has helped businesses reduce customer acquisition and customer service costs, organizations could still be overspending by more than 70 percent without cost optimization efforts.

Financial complexities associated with cloud adoption include:

• Difficulty estimating cloud usage
• Uncertainty in forecasting spending
• Increased complexity with procurement, purchasing and payment
• Difficulty scaling resources
• Ineffectiveness in monitoring consumption
• Inability to allocate costs