Why It’s Important
Hybrid Cloud environments, which combine both on-premises and Cloud-based resources, offer flexibility, scalability, and cost-efficiency. However, managing the costs associated with hybrid Cloud deployments can be complex, as it requires tracking and optimising expenses across various platforms and services. As such, hybrid Cloud cost management has gained attention among enterprises. Also, organisations can connect multi-Cloud, hybrid cloud and SaaS infrastructure with Apptio.
Organisations need to continue monitoring and analysing the usage and performance of their Cloud resources so they can better identify opportunities for cost savings, such as rightsizing instances or utilising reserved instances for predictable workloads. IBRS emphasises that with the growing trend of multi-Cloud and hybrid Cloud strategies, cost management is essential to compare and evaluate the costs of different Cloud providers and determine the most cost-effective options for specific workloads.
Who’s Impacted
- CEO
- CIO
- IT teams
What’s Next?
- Engage a Cloud certified Partners or independent consultant to assess your Cloud maturity and the next steps to enable your Cloud optimisation journey.
- Educate executive and boards to move beyond the Cloud hype and adopt the principles of good Cloud cost management.
Related IBRS Advisory
1. Cloud Financial Management is Optimised with Cloud Certified Partners
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