DIY Cloud Cost Management: The Strategic Case For Building Your Own Tools
CIO, Thursday, April 25th, 2024
Cloud cost optimization in complex environments may require some CIOs to move beyond commercial offerings and build their own cloud cost tools in-house.
Cloud cost management remains a critical CIO priority. With questions around ROI, increasing outlay, and corporate scrutiny on IT cost savings on the rise, CIOs must know not only what contributes to their organization's overall cloud spend but also how to optimize it. And that's all before considering the need to fuel new AI initiatives, which can push cloud costs up further.
The dynamic nature of the cloud - and the need for continually optimize operations - often drives requirements unique to a CIO's enterprise, meaning that even some popular third-party cloud cost optimization tools may no longer fit an enterprise's specific requirements.