CIOs Grapple With The Fallout From Rush To Cloud: Uncontrolled Costs
CIODIVE, March 22nd, 2023
Executives are coming to grips with the result of decentralized decisions, and leaning on FinOps to rationalize usage and spend, according to KPMG's Will DeMille.
Cloud arrived with promises. The technology could liberate enterprises from the rusty chains of on-prem data centers, freeing engineers from the grind of servicing technical debt and unleashing innovation.
Cloud also loosened the CIO grip on IT spend, as access to on-demand storage and compute spread across business units.
But variable pricing goes both ways - up and down. In the rush to enable cloud, many companies neglected to put spending guardrails in place, according to a February report published by KPMG.