Get Your Cloud Costs Under Control

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1-855-739-3227 | hello@navisite.com navisite.com Tips, tools and suggestions to help you start saving in the cloud and dramatically lower your costs—today and over the long haul. TIP SHEET Get Your Cloud Costs Under Control Gartner predicts that cloud service revenue in 2020 will surpass $266 billion, with inf rastructure as a service (IaaS) revenue comprising $50 billion of the total market spend. i The Flexera 2020 State of the Cloud Report found that, on average, 30% of cloud spend is wasted. ii If we use Gartner's numbers as a point of reference, $15 billion of the $50 billion IaaS revenue this year would be considered wasted spend. As you can imagine, this is money that most organizations cannot afford to throw away. We often hear about how cloud users only pay for what they use—it's one of the greatest benefits of moving to the cloud, right? While this statement is true, there's more to the story. The cloud is a utility model. So, you're paying for the resources that are running— whether you are using them or not. This is what gets organizations into trouble. They migrate to the cloud, realize initial cost savings, but then over time, monthly costs start creeping up. The key to lowering costs is staying on top of your environment. How can you do this? Use the tips in this worksheet to ensure that you are implementing best practices to optimize your costs on the cloud.

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