Gartner® Report: How Cloud Adoption Will Increase Opex Budgets

Cloud Cost Management for IT Executives

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Cloudy with a chance of new (cloud) costs

While the dynamics of the cloud market bring great variability on the one hand, they are also a new discipline for IT cost management on the other: cloud services come with financial and accounting implications in addition to technical contract details. Many executives therefore have a significant knowledge gap regarding contracts, pricing structures and the subsequent financial implications.

According to Gartner^®, with the adoption of public cloud services for infrastructure and applications, cost structures are increasingly shifting towards Opex (operational) expenses. As a result, variable costs are also increasing, challenging budget and cost management. If managers do not take these changes seriously, the worst-case scenario is that costs can go over budget and prevent the adoption of cloud services.

This increase in variable costs makes it harder to keep track of them. However, with the help of an IT Financial Management Tool, it is possible to avoid the uncontrolled consumption of cloud applications.

Learn from this Gartner® report:

...how cost structures are changing with the introduction of public cloud services
...how executives can avoid IT cost management mistakes
...how to use effective IT Financial Management and Cloud Cost Management to manage and optimize the new cost structures.

Gartner, How Cloud Adoption Will Increase Opex Budgets, Chris Ganly, Michael Warrilow, 20 May 2022.

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