Despite the Cloud's Value, Funds Are Often Wasted

 
 
By Dennis McCafferty  |  Posted 03-31-2017 Email
 
 
 
 
 
 
 
 
 
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    Despite the Cloud's Value, Funds Are Often Wasted
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    Despite the Cloud's Value, Funds Are Often Wasted

    Nearly all organizations are investing in the cloud, but a lot of this funding is wasted. Find out what IT organizations are doing to address this problem.
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    All In
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    All In

    95% of the IT professionals surveyed said their organization in investing in cloud-based solutions.
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    Options Menu
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    Options Menu

    67% said their organization has adopted a hybrid cloud strategy, while 22% said their company is investing in the public cloud exclusively, and just 5% are focused strictly on the private cloud.
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    Labor Division
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    Labor Division

    On average, the IT pros surveyed said 41% of their company's workload is in the public cloud, 38% is in the private cloud and 21% isn't in the cloud at all.
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    Biggest Cloud Benefits
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    Biggest Cloud Benefits

    Faster access to infrastructure: 62%, Greater scalability: 61%, Higher availability: 56%, Quicker time to market: 51%, Business continuity: 40%
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    Cloud-Related Tasks for IT
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    Cloud-Related Tasks for IT

    Selecting public clouds: 65%, Deciding which apps go to the cloud: 63%, Selecting private clouds: 63%, Building private clouds: 59%, Setting policies for cloud use: 58%
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    Top Priorities, Part I
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    Top Priorities, Part I

    70% of the IT pros said that finding out what benefit their company wants to achieve from cloud initiatives is a top governance priority, while 56% cited the need to come up with security policies for the cloud.
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    Top Priorities, Part II
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    Top Priorities, Part II

    53% said establishing a timeline for the implementation of a cloud strategy remains a top governance priority, while 50% cited the need to decide which apps should go to the cloud.
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    Cloud Challenges
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    Cloud Challenges

    Lack of resources and expertise: 25%, Security issues: 25%, Management of cloud spend: 25%, Compliance: 23%, Governance and control: 23%
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    Significant Loss
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    Significant Loss

    On average, the IT pros surveyed said their organization wastes 30% of its cloud spend.
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    Thrifty Thinking
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    Thrifty Thinking

    52% said they are monitoring cloud utilization and "right size" instances to get the most out of their cloud spend, and 38% said they are automating the shutdown of temporary work loads.
 

With its days as an emerging technology behind us, the cloud is now firmly established in the fabric of modern companies: Nearly all organizations are investing in the cloud in some way, according to a recent survey report, "State of the Cloud," from RightScale. The hybrid cloud has emerged as the most preferred option, followed by the public cloud. Regardless of the chosen cloud pathway, companies are reaping the rewards of faster access to infrastructure, greater scalability, higher availability, quicker time to market and more assured business continuity. Challenges linger, however, especially in the form of security concerns and a lack of needed staffing expertise. Also, in a finding that's sure to raise eyebrows among CFOs, survey respondents admit that a significant amount of their organization's cloud spend is "wasted." Fortunately, IT organizations are taking a number of steps to address this problem. More than 1,000 IT professionals took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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