Managing Cloud Costs (and Expectations)

By Karen A. Frenkel  |  Posted 09-29-2015 Email

Today, cloud computing growth outpaces all other IT spending, according to IDC. The forecast for worldwide total cloud spend for 2015 is $32 billon, up 21 percent from last year's $26.4 billion spent. Not long ago, however, the cloud was a small percentage of the IT budget, nearly lost among other contracted services. According to Cloud Cruiser, a cloud financial management company, as cloud adoption grows, whether in the public sector or on a private cloud, it is becoming clear that traditional approaches to managing costs and resources will not handle cloud consumption. Increasingly, companies are seeking out and evaluating solutions to fill this void. "Evaluate your current tracking methodologies, considering the impact aggregating charges from multiple suppliers will have on your operation, and create success criteria to meet the challenges of managing a hybrid environment," recommends Penny Collen, senior Financial Solutions Architect for Cloud Cruiser. Here are her tips to strengthen your confidence in your choice.

Karen A. Frenkel writes about technology and innovation and lives in New York City.


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