The race to cloud adoption is gaining pace in its ardor. Gartner forecasts end-user spending on public cloud services will reach $482 billion in 2022. The prediction further adds, by 2026, public cloud spending will exceed 45% of all enterprise IT spending, up from less than 17% in 2021.
Cloud-based apps are also on the rise and a growing number of workloads are being hosted on the cloud. The increasing adoption of cloud services will increase the need for additional IT infrastructure.
Amidst the fervor of cloud adoption, its proponents have realized the problems posed by wasted or mismanaged cloud estate. The wastages, if not contained, offset the gains from cost reduction - a key business driver motivating cloud adoption. Hence, cloud financial management has emerged as vital for cost-effectiveness while maintaining the integrity of the cloud infrastructure.
Seasoned practitioners realize the need for FinOps, bringing financial accountability to the variable spend model of cloud, as their organization’s increasing structural complexity - number of teams, workloads, and clouds - fuels cloud usage.
AWS has the largest cloud computing market share at 32% and enables you to take control of cost and continuously optimize your IT spending, while building modern, scalable applications to meet your needs.
In this whitepaper, learn how you can choose the right AWS service to optimize your cloud spends.