It’s now well recognized that the future is about putting data into the cloud and then leveraging that data to make better decisions. As this transition races ahead, cloud costs are skyrocketing causing inherent conflict between CIOs and CFOs.
CIOs are under pressure to quickly modernize their solutions and must convince their boards that the value-add of cloud investments are worth the cost. This changes the spending paradigm from capital investment in servers, data centers, etc. which require large capital outlays to standard operating expenses. So while CFOs do forego depreciation and amortization, they can avoid large upfront capital costs, scale quickly for future needs, and hopefully predict expenses better.
The problem is that cloud costs are rising so fast that budgets are being blown apart and predicting future cloud costs is very difficult. Controlling this ‘cloud bloat’ is a major challenge for all C-level executives.
But new tools make this easier and zero in on cloud waste to pinpoint it for action. CloudTrakr is one of these tools and believes that using its AI recommendations that it can save 20% or more in cloud spend for most companies. Try out the 14-day free trial and see for yourself. Your CIO and CFO will both thank you.
