What is the true value of cloud computing for your business? We thought it was easy to define, once upon a time, but we were very wrong. In those days we thought cloud computing would lower IT operational costs and spending via operational expenses versus capital expenses. In other words, rather than budget for the usual hardware, software, and data center space, we forecasted lower operational costs and redirected capital savings to more strategic purposes.
These days we know better. Gartner predicts that 60% of cloud leaders will encounter public cloud cost overruns. Moreover, Flexera Software’s 2020 State of the Cloud Report estimates that 30% of enterprise spending on cloud infrastructure is wasted.