Cloud is a Saviour, but Cost an Obstacle? | Tech Mahindra

Cloud is a Saviour, but Cost an Obstacle?

Optimizing & Managing your CLOUD cost spends

Amid the unprecedented times during the COVID19 pandemic, organizations worldwide have witnessed a tipping point of digital-adoption to accelerate growth and profitability. Cloud has been the flagbearer in this innovation, empowering organizations in their remote-work-policies implementation, secure networks, and more recently, employees’ vaccination drive.

According to Gartner, global end-user-spending on public cloud services will increase from $270 bn in 2020 to $332.3 bn in 2021. These growth rates, as well as increasing confidence among company executives towards cloud computing expertise, are promising. However, cloud cost optimization is one area where IT decision makers lack in-depth understanding of this cloud transformation journey.

As per IDG 2020 Survey, cloud cost optimization is the biggest challenge that IT decision-makers face when it comes to harnessing the full potential of public cloud resources. This makes cloud cost optimization as #1 priority for enterprises with an expanding cloud estate.

ARE YOU AWARE THAT 7 OUT OF 10 ENTERPRISES EXPERIENCE HIGHER THAN EXPECTED CLOUD COST ?

About the Author
madhusudhanan-vasu
Madhusudhanan Vasu
Global Practice Head - Cloud