How Businesses Can Optimize Their Cloud Spend

How Businesses Can Optimize Their Cloud Spend

The overall efficiency and flexibility of cloud spend enable organizations to only pay for what they use – increasing the overall business profitability.

Today nearly 80% of IT professionals are successful in using the cloud for unlocking enhanced business profitability. The agility around cloud deployments allows enterprises to quickly scale their services – in order to release new products or services and support demand.

Subsequently, it also helps to improve profit margins while increasing business efficiencies. Although almost 80% of businesses recognize cloud computing as a vital tool to their financial security, about 57% have encountered unexpected costs – a recent Aptum study reveals.

In fact, the increased efficiency is a common driver behind cloud computing initiatives for 72% of the respondents. The overall efficiency and flexibility of the cloud enable companies to only pay for what they use – rising overall profitability.

Also Read: Coronavirus Impact Materialized the Linkage between IT Infrastructure and Business Continuity

This fact has been claimed by nearly 39% of the surveyed respondents as a motivator for cloud adoption. However, with more organizations migrating workloads to different cloud platforms, visibility, as well as control into cloud environments, is becoming tricky to achieve.

Moreover, it is even leading to unforeseen a cost – which is a major challenge for 81% of the surveyed respondents. Without compulsory insights to evaluate performance while enforcing remedial measures for issues, the competency of the cloud becomes tough to manage.

This is the case for 57% of organizations who say cloud has resulted in unanticipated costs. Besides, about 35% of respondents who admit they have been wasting IT spend, which is due to the inefficient use of the cloud platforms.

As Leigh Plumley, Chief Revenue Officer at Aptum explains in the company blog post – “The greater operational efficiency and flexibility that cloud promises can grant organizations opportunities to unlock new performance capabilities and help cut costs.”

Certainly, organizations are increasingly discovering that the drive to the cloud is not always a direct path. Cloud implementation comes with a learning curve, and the challenges that they may face currently in the learning process, are often difficult to address in the current situation.

Also Read: 5G Enterprise Adoption- Security is Still a Major Concern

Leigh also continued saying, “But most businesses don’t have the in-house expertise to effectively specialize and manage a range of environments and stay current with the rate of change in technologies.”

The researchers also suggest that cloud deployments without expert guidance from an MSP can increase the associated costs – if cloud optimization is not a primary principle from the start. Thus, taking a holistic approach to cloud infrastructures can ensure costs are optimized while service runs at maximum efficiency.

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