How Enterprises Can Defray The Hidden Cost Of The Cloud
datanami, March 20th, 2023
When the cloud became popular earlier this decade, conventional wisdom had it that the transition to an off-prem model would help enterprises become more agile, more competitive and reduce the cost of managing all their data.
The formula worked, but only to a degree. The cloud helped organizations become more competitive. However, organizations are belatedly realizing that the cloud does not necessarily reduce overall expenses.
For example, the cloud isn't necessarily cheaper from a data storage perspective. The typical cloud customer pays the likes of Amazon, Google, and Microsoft a lot for their respective storage services - sometimes, disproportionately so. At the same time, the so-called egress cost, which is the expense incurred when you pull data out of the cloud, adds up in a hurry.
Even as recently as five years ago, the mantra in the enterprise world was cloud-first, with companies rapidly shifting application development and workload management to public clouds. Now, the pendulum is swinging in the other direction as organizations strive to have the right data at the right place at the right cost.