The Problem
As businesses accelerate their pace of digitization the number and variety of cloud services they use rapidly increases, with both the business and IT keen to use new digital services to innovate more quickly.
But while business innovation relies on the rapid adoption of cloud solutions, the variety of cost models used by providers frequently undermines established management practices – making it ever more challenging to forecast budgets, track costs and ensure continuity of service. These problems frequently result in procurement issues that block cloud usage or trigger unsanctioned “shadow IT” spend that can quickly spiral out of control.
Without the ability to easily forecast and manage a 360 degree view of their cloud costs, therefore, organizations often find cloud adoption impractical – blocking innovation, slowing down business change and forcing the use of slow, high cost traditional products and services that put the organization’s digital future at risk.