Cloud Costs Continue to be Under the Microscope as 47% of IT Executives Plan to Accelerate Cloud Adoption Despite Economic Uncertainty and Cloud Complexity
Santa Clara, Calif. – April 26, 2023 – Aviatrix, the pioneer of Secure Cloud Networking, has been recognized as a source of better visibility and management of access to cloud services by Futuriom in its first-ever 2023 Cloud Cost Management and FinOps Report, written by Founder and Chief Analyst Scott Raynovich. The report explores today’s top concerns and challenges for organizations managing cloud costs and complexity, as well as what remedies and Cloud Cost Management (CCM) solution providers companies should leverage to optimize existing cloud spend and make smarter decisions about future cloud initiatives and longer-term strategies.
Today, as companies become more dependent on an increasingly complex cloud operating structure, the financial implications of daily decisions can have a significant impact on an organization’s cloud bill and its overall operating budget. With economic conditions slowing, organizations are taking a closer look at their cloud spending. However, according to Futuriom’s report, nearly half (47%) of IT executives plan to accelerate cloud adoption even as economic uncertainty persists.
“To help business-led IT stakeholders internalize the impact of their decisions, data on cloud costs needs to be made available in near real-time and shared in a manner that allows engineering teams to make cost optimization decisions before usage occurs,” said Scott Raynovich, Founder and Chief Analyst at Futuriom. “Whereas the tools offered by large cloud providers provide static, backward-looking data, a new breed of CCM vendors, including cloud networking players like Aviatrix, are strategically focused on analyzing cloud data to help companies understand their usage on an ongoing basis.”
In the report, Futuriom highlights that Aviatrix has “realized that networking is a key enabler of the cloud and can be used to provide better visibility and management of access to cloud services.” Futuriom points to Aviatrix’s CostIQ as an example of this, as it enables FinOps teams to track where cloud networking costs are being incurred and allocate them to specific divisions or business units.
To gain more insight into how companies are thinking about cloud costs and what can be done to manage them more effectively, visit: https://pages.aviatrix.com/2023_04_25_Report_Cloud_Cost_Management_FinOps_00.Registration.html
Trusted by more than 500 of the world’s most innovative companies, Aviatrix empowers businesses to accelerate innovation, minimize downtime, and gain control of IT costs. Aviatrix delivers an enterprise-grade secure cloud network, backbone, and edge for mission-critical applications by creating a simplified and consistent networking architecture in and across cloud service providers. Combined with the Aviatrix Certified Engineer (ACE) Program, the industry’s first and only multicloud networking certification, Aviatrix helps businesses to achieve their digital transformation goals. Learn more at www.aviatrix.com.