Cloud consumption can easily spiral, resulting in an unplanned, large bill from a vendor. An important part of cloud optimization is being able to proactively manage and predict consumption to reduce the chances of ‘bill shock’.
This is especially significant for CIOs operating on fixed budgets, because accurately forecasting expenses helps them justify cloud costs to the boardroom. When it comes to cloud services that charge based on what an organization consumes, for example, Microsoft Azure, being able to predict what consumption, and therefore cost will be, is a huge advantage.
Management of cloud services shouldn’t stop at adoption. Cloud has delivered huge benefits to organizations, but left unchecked, it can be extremely hard for organizations to keep track of how and where applications are being used, and what the full costs are. To fully realize the value of cloud, CIOs must be diligent and implement structured, comprehensive management and reporting.