Approximately 44% of compute spending is allocated to non-production resources, leaving these resources idle for about 76% of the time outside a typical 40-hour work week
Inaccurate selection of cloud-native database options can contribute to an expensive cloud database implementation.
Around 15% of customer bills go towards storage, with roughly 35% of that expenditure attributed to unattached volumes and snapshots. Based on Gartner’s spending data, an estimated $3.4 billion could potentially be squandered this year on orphaned volumes and snapshots
Outdated Legacy Applications and Inefficient Architectures in Cloud Technology hinder scalability, agility, and innovation thereby lowering performance
Many companies face challenges in managing SaaS licenses, with over half reporting up to 24% unused licenses in 2019. Furthermore, issues like ‘shelfware’ and inaccuracies in cloud technology licensing and pricing contribute to unexpected costs.
Factors like inadequate processes, limited expertise, shifting business conditions, and the constant changes in business environment can create a less-than-ideal cloud setup. This might mean using too many resources without getting enough value or using too few resources and missing out on cloud benefits. The right approach involves continuously overseeing and managing costs to ensure they stay in check.
