Cloud Cost Optimization

For companies to succeed with the cloud, they need to understand the dynamic nature of cloud economics. Traditionally, sourcing IT infrastructure assets involved asset refresh cycles that progressed predictably from requirements to request for proposal to negotiations to award. However, the inherent flexibility of the cloud involves more demand-driven variables, with decisions about the services and specifications required being made continuously. These decisions can impact massively on costs if they are not managed properly.

Taking a consumption approach to the cloud and always aligning demand with the most relevant cloud services and pricing arrangements makes cloud cost optimization easier. This demand-driven approach allows you to align your cloud costs Management service with your business KPIs and link spending to return on investment (ROI). But gaining that level of insight requires full visibility of your company’s cloud spending and those responsible for it.

You need to identify where your cloud budget will add most value by securing cost transparency and the visibility required to integrate costs into the product lifecycle and automate cost governance.

Get in touch to learn more about how TeroxLab can help with your cloud cost optimization needs at no extra cost.