Overview
Navigating Cloud Cost Challenges for Efficiency and Savings. Effective cloud cost management is vital, given its impact on overall company spending. With a significant 24% year-over-year increase in public cloud spend, it now constitutes a substantial portion of expenditure. These rising costs are apparent to top executives, necessitating in-depth analysis by CIOs and CIO finance teams. The challenges arise from the variability of cloud spending, especially for finance teams unaccustomed to managing IT spending in the cloud, further compounded by developers launching services without cost considerations. Additionally, early-stage cloud adopters often face cost inefficiencies from overprovisioning, idle instances, ineffective licensing, and unused pricing discounts. Maximizing cloud investment value requires proactive measures to address these challenges and cost optimization strategies.
Highlights
- Drive Transparency - Collaborate with CDW to optimize cloud cost management by leveraging a FinOps framework. Establish tagging standards and automations for effective show-back to key Cloud Stakeholders.
- Optimize Workloads - Change management using detailed reporting data that informs your engineering teams about underutilization, need for savings plans, reserved instances, and more.
- Promote Cost Awareness - Accelerate operations with automations that foster a cost-conscious culture while advocating sustainable practices and automation business systems.