Operations | Monitoring | ITSM | DevOps | Cloud

Achieving cost savings is one of the main drivers for cloud adoption. But for most companies, controlling cloud spend is much more challenging than anticipated. In a recent survey, 94% of IT decision makers report they are overspending in the cloud. Our own survey on cloud costs revealed 90% of executives say better cloud cost management and cost reduction is a top priority.

Cloud services are the number one source of unexpected overspending for companies today. As a result, cloud financial management is a major focus for most organizations. But how do you track the success of cloud efficiency? Full allocation of multicloud costs is a critical component for understanding your actual cloud services usage, establishing cloud cost management ownership, and creating accurate budgets and forecasts at the line of business, project, application and even team levels.

As organizations continue to expand their cloud footprint, managing costs without risking application performance is a priority. Because of this, Arm processors have become popular for their efficient, cost-effective processing power. Microsoft Azure’s new series of Azure Virtual Machines are powered by Ampere Altra Arm-based processors, which provide excellent price performance for scale-out and cloud-native workloads.