Cloud is an invaluable IT resource, but that doesn’t mean your organization isn’t spending more than it’s worth to you. Typically, an estimated 30% of an organization’s cloud spend is not utilized, adding up to more than $17 billion in wasted costs. Do you have the ability to monitor and manage hybrid and multicloud acquisition and usage? Without true cross-functional responsibility involving ongoing collaboration between finance, IT, operations, and business users, it’s virtually impossible to optimize your use of cloud services.
Optimization tools from Hyperscalers like Amazon Web Services (AWS), Microsoft Azure, and Google offer optimization tools, but they only work for their individual cloud environments. They offer limited value to most organizations that today rely on hybrid cloud and/or multi-cloud environments, where monitoring and managing acquisition and utilization is overly complex.
