We recently wrote a blog about how to avoid some of the common pitfalls of migrating to the cloud. In the post, we highlighted the findings of 2019 Gartner research, which stated that the growth in South African IT spend is the fastest in the world. We may still be behind in terms of overall IT spend, but the fact that SA enjoyed 3.9% growth in 2019 illustrates that we’re doing our best to remain competitive and catch up to our international counterparts.
While increases in IT investment are a good thing, unnecessary spending is not. For example, we all know that cloud computing provides organisations of every type and size with a wide range of benefits. But businesses often underestimate the costs associated with doing business in the cloud. A public cloud deployment may promise lower costs than an investment in an on-premises data centre, but this is only true if you properly manage and monitor your cloud use.
This is why cloud cost management is so important. Want to find out more about it? We’ve put together this post to answer some of the key questions you may have.
What is cloud cost management?
Cloud cost management, also known as cloud cost optimisation or cloud expense management, helps businesses to:
Control their spending on cloud services
Maximise their resources.
Identify cost-effective ways to maximise usage and efficiency
Track costs associated with cloud
Reduce waste
Plan for future consumption
Why is cloud expense management important?
Effective cloud management allows enterprises to:
- Practice good governance
- Access the resources needed to stay competitive.
- Achieve optimal performance
- Support other key business objectives like security, visibility, efficiency and accountability.
- Gain a consolidated view of usage and cost across different vendors.
If you’ve recently migrated to the cloud, you’ll probably be a bit hesitant to invest more money in monitoring and managing your cloud environment. But spending money on cloud cost optimisation will ultimately save money. OneView, our technology and cloud expense management platform, provides you with full visibility and complete control of your entire technology environment. Want to find out more? Trial our OneView Cloud Expense Management solution on the Microsoft Azure Marketplace here. Alternatively you can complete the form below and we’ll be in touch.