How A Zero-Based Approach Can Improve Your Cloud Budget
Search Cloud Computing, Friday, October 4th, 2024
Traditional budgeting strategies have IT teams scratching their heads about what costs to cut next. Could a zero-based approach to cloud budgeting shift this mindset?
Organizations typically see IT departments, including the teams that run cloud workloads, as cost centers. It's not uncommon for organizations to demand cuts to their IT departments in tight budget cycles. A zero-based approach to budgeting could help change this perspective.
One of the largest challenges with cloud is managing runaway costs. Without a proper cloud cost optimization strategy, budget bloat is bound to happen. In the webinar "Wrapping Your Head Around Cloud Costs," Simon Ratcliffe, formerly a CFO and now partner for strategy and value creation at Beyond M&A, explained the concept of zero-based budgeting.