As more than half of enterprise workloads shift to public cloud platforms, annual spending on cloud services exceeds $12 million per organization, yet nearly 27% is wasted. This occurs primarily due to the hasty adoption of cloud services without a cohesive strategy, leading to inefficiencies like idle resources and excess storage costs. The opaque pricing structures further complicate matters, causing confusion among IT and finance teams about the value derived from cloud investments. To mitigate this waste, enterprises should halt, assess their needs, and adopt a finops framework for collaborative cost optimization.
To make cloud spending work for you, the first step is to stop, assess, and plan. Do not assume the cloud will save money automatically.
Many organizations are allocating more than $12 million annually to public cloud services. Despite this massive investment, a significant portion—about 27%—of cloud spend goes to waste.
This complexity prevents organizations from tying cloud spending back to real business value, causing frustration and feeding the cycle of waste.
Adopting a finops framework can be transformative. Finops unites IT, finance, and business stakeholders in a shared pursuit of continuous cloud cost optimization.
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