Cost savings in the cloud are not guaranteed
In our "The Ultimate Guide to Achieving Cost Savings in the Cloud," we walk you through the must-follow steps to properly plan for (and realize) true cost savings in the cloud.
In this guide, we breakdown the four steps to ensuring you achieve true cost savings.
1. Audit Your Current IT Infrastructure: Determine what you're paying with your current IT infrastructure.
2. Estimate Your Future Cloud Cost: Find out how much the cloud might cost to support your existing IT solution.
3. Calculate The Cost of Migrating: Estimate how much it'll cost to execute the cloud migration.
4. Asses Post-Migrating Costs: Calculate how much you can expect to spend once you're in the cloud.
The allure of cost savings from migrating to the cloud is undeniable. A recent Gartner survey reported that more than 90% of businesses expect some level of cost savings from cloud adoption.
However, simply migrating applications and data to the cloud won’t automatically result in cost savings. In fact, after making the move, 53% of businesses said their IT costs were still a significant pain point. And for businesses that don’t approach their cloud migration carefully, it could actually end up costing you more.
So what makes cost savings so elusive?
The short answer: Businesses aren’t setting the right expectations upfront. A lot of companies think cost savings are automatic, and they fail to do any upfront calculations to make sure those savings are actually feasible—ultimately leading to surprises costs and tighter-than-planned-for budgets.
That’s why setting the proper expectations for when savings will happen, how they’ll happen, and how much will happen is paramount in realizing the higher return on investment and lower costs you hoped for.