Enterprises currently operating in the cloud have over 35% wasted cloud spend.
Monthly bills keep getting higher and spending on cloud services is not going to slow down any time soon, quite the opposite.
That is why ‘Cloud Cost Optimization’ is once again the top priority for most enterprises.
So why not do something about it?
Flexera recently published the RightScale 2019 State of the Cloud Report, compiling responses from 786 technology professionals which states that 94% of those asked say their enterprise uses cloud.
Although cloud certainly has its advantages, increased cloud activity also has a much less reported downside.
Unused services and inflating monthly bills are major concerns for enterprises which is why cloud cost management is being prioritized in 2019.
While cloud pricing can seem very reasonable at first, the size of the monthly bill ballons as adaption grows and more data moves through cloud services.
Many services are underused and keeping track of what services are in use can be difficult.
Responders to the survey estimated that the amount of wasted cloud spend was about 27% but Flexera, the publishers of the survey, predict that actual waste is 35%.
Kostner, who use AI and Big Data to manage and optimize cloud costs as a service, predict based on previous experiences and data that the amount of wasted cloud spend could be even higher than that.
Despite that, cloud spend continues to skyrocket.
Enterprises plan to spend 24% more on public cloud in 2019 compared to 2018.
13% of the enterprises surveyed spend more than $12 million a year on public cloud and 50% spend over $1.2 million annually.
Even though many enterprises are prioritizing cloud cost optimization and have an increased focus on cloud cost management, only a minority of companies have been able to address these issues.
Staying on top of the dynamic changes in cloud costs and services is very complex and really beyond human capability.
That is why Kostner uses AI and Big Data to offer cloud cost management as a service, giving you actionable solutions to optimize cloud spend.
By using AI, Kostner is able to analyze the millions of possibilities available to find the best possible way to run cloud based on specific needs, keeping costs down in the process.
Managing cloud properly is not only time consuming but keeping up with services, price models, consumption offerings, and licensing options can be extremely challenging.
That is what makes Kostner’s AI a valuable tool for anyone tasked with cloud cost management.
If you and your enterprise are prioritizing cloud cost optimization in 2019, book a meeting with Kostner and get actionable solutions to kick off the new year the right way.
Did you like this article? Please share with your friends