Now that most organisations are all caught up and aboard the cloud computing train, the focus has now shifted to discovering and unlocking the promised value of the cloud. While the cloud’s elasticity and agility have provided enterprise-grade IT infrastructure to smaller businesses without incurring heavy capital expenditures, it has also led to significant waste of resources and difficulty in controlling cloud spending.
A McKinsey Digital article reveals that a whopping 80% of companies find it challenging to manage cloud spend. Further, the Anodot 2022 State of Cloud Cost survey reports that 49% of businesses struggle with cloud costs. This scenario is certainly not what enterprises anticipated when they decided to embark on the cloud journey. Fortunately, there’s a sound approach to managing costs so you can maximise your cloud solutions; it’s called cloud cost optimisation.