Effective financial management requires a comprehensive understanding of the hidden costs of cloud computing. A multicloud strategy makes vigilance even more critical.
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For years, I’ve cautioned organizations about the hidden downsides of cloud computing. Ironically, I’m “Dave the cloud guy” who warns enterprises about the cloud.
The benefits of the cloud’s agility, scalability, and innovation can quickly become a financial sinkhole without proper management. Enterprises are finally waking up, and it’s been fascinating to watch the recent shift to diligent cloud cost management.
The costs of unchecked growth
Cloud computing starts as a flexible and budget-friendly option, especially with its enticing pay-per-use model. However, unchecked growth can turn this dream into a financial nightmare due to the complexities the cloud introduces. According to the Flexera State of the Cloud Report, 87% of organizations have adopted multicloud strategies, complicating cost management even more by scattering workloads and expenses across various platforms.
A stark …