Cloud Economics
Cloud Computing Economics – Optimizing Your Cloud Spend
As cloud adoption continues to accelerate, many organizations are struggling to optimize their cloud spending and gain full financial visibility. Without proper cloud financial management, costs can quickly spiral out of control. Our firm provides expert guidance on cloud economics to maximize your ROI.
Why Cloud Economic Analysis is Crucial
- Public cloud spend has exceeded budgets by an average of 18% percent
- More than 50 percent of enterprises spend over $12 million annually on public cloud services
- Less than one-third of organizations closely monitor cloud spending or have visibility into where those costs originate
Without proper analysis and planning around cloud costs, organizations risk runaway spending, exceeding budgets, and inability to calculate ROI. A strategic approach to cloud economics is essential.
We guide clients through a proven cloud financial optimization framework that covers:
Scope:
We help define the scope of cloud environments and services to analyze. This includes on-prem, private cloud, hybrid cloud, and public cloud.
Data Collection:
We gather granular data on storage, network, compute, licenses, support fees, and all elements that impact cloud spend.
Analysis:
Leveraging cloud cost analytics tools, we gain visibility into current consumption and spending across the cloud environment.
Current State Report:
We deliver detailed breakdown of existing spend and cost drivers, forming the foundation for improvements.
Identify Optimization Areas:
We pinpoint opportunities to rightsize services, eliminate waste, and improve efficiency.
Prepare Plan:
We outline concrete steps to optimize each area, forecast future spend, and track ROI.
Optimize and Execute:
We provide guidance on implementing optimization initiatives identified in the current state analysis and plan.
Continuous Improvement Loop:
Cloud optimization is an ongoing process. We offer continuous support to track results, refine strategies, and identify new areas for efficiency gains.
