Almost half of the businesses struggle to control cloud costs

 

Almost-half-of-the-businesses-struggle-to-control-cloud-costs

 

Cloud computing has revolutionized the way businesses operate and has become an essential part of many organizations' IT infrastructure. However, according to a new report published by Anodot, the business monitoring company, half of businesses (49%) find it difficult to get cloud hosting costs under control.

Anodot’s 2021 State of Cloud Cost Report revealed that the pandemic greatly accelerated many companies’ shift to cloud cost allocation, and the latest survey confirms that the transition is continuing as businesses continue to appreciate the agility and scalability the cloud cost management software provides: 91% of respondents reported they currently have IT infrastructure in the cloud; 60% said that migrating more workloads to the cloud is their top cloud initiative in the coming year.

As enterprises continue to face high monthly cloud costs rising – with cloud costs ranking second only to payroll in terms of business expenses for many – visualizing costs, optimizing spending, and reducing wasted dollars are top priorities, especially in the wake of a slowing economy. The problem is exacerbated by the fact that many businesses are using multiple cloud providers, which makes it even more difficult to track and manage the cost of cloud services.

 

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Mr Pratik Shah, CloudIBN CTO said: Migrating workloads to the cloud is not a simple lift-and-shift proposition. Successful cloud migration requires careful planning and execution, with a keen understanding of how the cloud works and how it can best be leveraged to meet your organization's needs.

There are many factors to consider when migrating to the cloud, including which workloads are best suited for the cloud and how to ensure that data is securely migrated and protected.

The cloud can offer significant benefits for organizations, including increased flexibility, scalability, and cloud cost optimization service. However, migrating to the cloud is not a simple process, and it is important to carefully consider all factors before making the move.

There are a number of ways to help control cloud server costs, including setting up alerts and monitoring tools to track usage, negotiating with suppliers for better rates, and using cloud management platforms to automate cost-saving measures and cloud storage costs. However, it is clear that many businesses are still struggling to get a grip on the cost of cloud services. This is likely to become increasingly important as businesses continue to increase their use of cloud services.

If you are struggling to control your AWS Cloud costs, or if you do not feel like you have a good understanding of your usage and invoices, it is important to seek out help.

If you are struggling to control your cloud costs, or if you do not feel like you have a good understanding of your usage and invoices cloud cost AWS, it is important to partner with a reputable and experienced provider. We will help you develop a clear cloud strategy and identify which workloads are best suited for the cloud.