Knowing How Much is Too Much: Tips for Optimizing Enterprise Cloud Spending

When it comes to enterprise-grade technology, it’s understandable for decision-makers to feel the need to adopt new systems as rapidly as possible. After all, we’re fortunate to live in a time of rapid innovation that always carries the promise of greater ROI and productivity. But investing in new technology is a big endeavor, and organizations owe it to themselves to optimize their enterprise cloud spend for the greatest benefit to employees, customers, and other stakeholders.

The adoption of the latest tech solutions has historically revolutionized the way business gets done. While initiatives such as mobilizing your workforce with on-the-go technology can lead to quick returns in the form of increased sales volume, other applications may not always have immediate ROI satisfaction. Cloud infrastructure, for example, is a long-term investment, but one that is making all the difference between business success and failure today.

Today’s ever-expanding, business-critical sources of data are becoming increasingly complex to manage and leverage effectively. Now, more than ever, the decision for what type of infrastructure best suits your organization – whether it be on-premise, third-party hosted, or a hybrid solution – is increasingly becoming an indicator of success. And just like any other major investment, the main factor driving which cloud infrastructure model an organization selects is price. Here are three ways for enterprises to empower their cloud strategy:

  1. Understand how your enterprise is utilizing the cloud
    As businesses look to expand cloud capacity, they are doing so in ways that don’t align with their bottom-line. Companies must continuously audit the way in which they are utilizing assets within the cloud to ensure they aren’t overspending on space the enterprise doesn’t need. Laying the foundation and putting an infrastructure in place that dictates how this information is not only categorized but also prioritized, is crucial when it comes to understanding the cloud needs of an enterprise. IT leaders must look at the critical information to be stored in the cloud and map out their migration strategies accordingly.
  2. Optimize the way your enterprise is leveraging the cloud
    While enterprise leaders understand the need to expand their operations through cloud strategies, many are doing so by allocating more budget than necessary. In fact, many businesses over-allocate budgets by 50% or more when it comes to cloud spending because there is a disconnect in how much capacity is actually needed versus how much useful business intelligence is being stored and utilized.
  3. Control the way your enterprise is consuming the cloud
    Organizations succeeding in the cloud era are doing so by keeping a close watch on how their enterprise is consuming cloud resources. When leaders have a greater grasp and understanding of the expenses being allocated toward cloud usage, they can not only avoid overspending, but they can also maximize their investment. Understanding what cloud services your enterprise needs is the first step.

The need for enterprises to manage expenses as they look to move quickly to the cloud is critical. Many enterprises lack the visibility to take businesses to the new era of enterprise technology, but, luckily, Tangoe Cloud is powering the way organizations navigate the complexity of managing their cloud infrastructure—through centralizing resource visibility, usage optimization, and capacity control into one solution.

To learn more, visit https://www.tangoe.com/cloud-expense-management/.

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