Aptum Cloud Study Pt. 3: A Bright Forecast on Cloud

Although most organizations (80 per cent) recognize cloud computing as being vital to their financial security, more than half (57 per cent) have encountered unexpected costs. These findings come from part three of the four-part Cloud Impact Study from Aptum, the global hybrid multi-cloud managed service provider. The report, titled A Bright Forecast on Cloud, explores the financial benefits of cloud computing and how organizations can optimize cloud spend.

According to the report findings, most IT professionals (80 per cent) see success in utilizing cloud services to unlock greater business profitability. The agility of cloud deployments allows organizations to quickly scale their services to support demand, release new products or services to market, and subsequently improve profit margins and increase efficiencies. In fact, increased efficiency is a common driver behind cloud computing for 72 per cent of respondents. The overall efficiency and flexibility of cloud allows organizations to only pay for what they use, increasing overall profitability, which is cited by 39 per cent of respondents as a motivator behind cloud adoption.

However, as organizations migrate workloads to different cloud platforms, visibility and control into cloud environments becomes difficult to achieve, often leading to unforeseen costs – a key challenge for 81 per cent of respondents. Without necessary insights to evaluate performance and enforce remedial measures for issues, the efficiency of cloud becomes hard to manage. This is the case for over half of respondents (57 per cent) who say cloud has resulted in unanticipated costs, and over a third of respondents (35 per cent) who admit they are wasting IT spend due to the inefficient use of cloud platforms. 

The data suggests that cloud deployments without expert guidance from a Managed Service Partner (MSP) can increase associated costs if cloud optimization is not a fundamental principle from the start. Taking a holistic approach to cloud infrastructures, where visibility and control are embedded from design, can ensure costs are optimized and the service runs at maximum efficiency.

The full findings from part 3 of the Cloud Impact Study, A Bright Forecast on Cloud, can be found here: https://aptum.com/cloud-hub/cis-part-3/.

Aptum’s Cloud Impact Study was created from the opinions of 400 senior IT professionals in the US, Canada, and UK across industries in financial services, IT, technology, telecommunications, manufacturing, retail, public and commercial sectors. The final report will focus on Modernization Opportunities.

For part one of the report, Bridging the Cloud Gap, please visit: https://aptum.com/cloud-hub/cis-part-1/.

For part two of the report, The Security and Compliance Barricade, please visit: https://aptum.com/cloud-hub/cis-part-2/.

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