![]() ![]() Level 3 – Chargeback: Essential for service providers or large enterprises with their own finance model, billing tenants or LOBs accordingly.Level 2 – Planning: This involves new projects, employees, budgets, and even new cloud types.Level 1 – Understanding and Managing costs: This includes visibility, analysis, and optimization.Excerpt from Raghu’s interviewĬost management is vital for both enterprises and cloud service providers, encompassing three key capabilities: Conversations with attendees revealed a trend: organizations are shifting from Offense to Defense strategies due to market conditions. Raghu Raghuram’s CloudSmart Keynote emphasized both Offense (accelerating app delivery, cloud migration, empowering employees) and Defense (reducing cloud expenditure, modernizing hybrid infrastructure) in business strategies. As the second-highest expense for IT companies after salaries, cloud cost management is crucial.Īt VMware Explore India, over 3,000 cloud enthusiasts gathered, discussing various cloud services and management tools. The Growing Need for Cloud Cost VisibilityĬloud cost visibility is gaining importance in the industry. Our article offers insight into cloud cost management and outlines strategies to control cloud expenses effectively. This can lead to surprise bills and financial mishaps. Public cloud IaaS and PaaS services use continuous billing, complicating cost estimation. Despite its advantages, it presents new challenges, especially in cost management. Introduction – Tackling Cloud Spending ChallengesĬloud computing revolutionized organizational digital infrastructure.
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