Although 80% of companies recognize cloud computing as critical to their financial security, 57% have encountered unexpected costs, according to a study by Aptum.
80% of IT professionals see success in using cloud services to achieve higher business profitability. The agility of cloud deployments enables organizations to quickly scale their services to support demand, bring new products or services to market, and then improve profit margins and increase efficiency. In fact, greater efficiency is a common driver of cloud computing for 72% of respondents.
The overall efficiency and flexibility of the cloud enables companies to only pay for what they use. This increases overall profitability, which 39% of respondents cite as a motivator for adopting the cloud.
Unexpected cloud spending is a key challenge
However, as companies migrate workloads to different cloud platforms, it is difficult to achieve visibility and control in cloud environments.