The Cloud is Different: How to Adapt the Art of Your Cloud Spend Forecasting

Whether you’re a business leader or an IT professional, this replay provides crucial insights into making the most of cloud technology.

Traditional methods of cost management and forecasting do not apply effectively in the Cloud environment. Instead, spending is dynamically tied to consumption and demand, which is less predictable than traditional infrastructure spending. This important change necessitates a new approach to forecasting and budgeting for Cloud costs.

Successfully managing Cloud costs hinges on establishing credibility through accurate forecasts and maintaining control over spending. This begins with a well-constructed business case that carefully considers the costs of migration, current run costs for on-premises workloads, and the expected future run costs in the Cloud.

Effective Cloud forecasting requires a governance model that promotes collaboration amongst diverse and broad stakeholders, including business owners, IT leaders, finance, and vendor management. This collaborative approach ensures that all parts of the organization are aligned in their cloud strategy and operations.