Taking Control of Confusing Cloud Costs

Taking Control of Confusing Cloud Costs

Cloud initiatives are expected to account for 70% of all tech spending by the end of 2020 so, as companies spend more, it's increasingly important that organisations are able to come to grips with confusing cloud pricing and take back control of budgets to optimise spending.

  • Complex pricing from cloud providers makes selecting services confusing, and the lack of accurate billing visibility often causes budgets to go off track. 
  • The lack of responsibility for managing cloud budgets is a prominent cause of overspending and under-utilising resources. Instead, budget needs to become just as much a part of the project lifecycle as delivery, with teams working together in new ways to understand requirements and prioritise cost management.
  • There are two practical ways that teams can manage and save money on their cloud costs: Implementing a consistent, comprehensive tagging process or utilising a product that provides cost visibility and precise breakdowns. 
  • The process for managing a cloud budget as it stands wastes time and resources - an upward shift in visibility would remove the need for teams to conduct time-consuming research manually and allow developers to be part of the conversation.

In an on-premise environment, you know what you’re spending on infrastructure; it involves an upfront capital cost. A transition to the cloud provides flexibility, access to a wide range of services, and the ability to delegate deployments, but can come at a cost (pun intended). Cloud pricing is unfamiliar and can be difficult to get to grips with, because you’re charged for individual items as you consume them. Without strong cost-management practices in your business, budgets can easily spiral out of control.

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