What your vendors won't tell you about managing cloud costs

The cloud has totally changed the way we pay for IT. Its operating costs model where you pay for what you need, when you need it, has its advantages. You don't need to invest in expensive servers to deploy an infrastructure, you just have to sign in to your Amazon account. But there are downsides too. Most businesses have a hard time estimating just how much cloud compute they will really need. According to the State of the Cloud report, 46% of IT users say they exceeded their cloud budget, and another 32% just didn't know if they had or not. 96% believe they could save money, if only they could optimize their cloud spend. But optimizing is easier said than done. Here to tell me how we might be able to achieve it is Derek Shank, a research analyst in Infrastructure and Operations at Info-Tech Research Group. Welcome Derek. Please rate us on Apple Podcasts!