Get Complete Visibility and Control of Your Cloud Expenses
The striking shift towards cloud in the past few years reflects the compelling benefits to expanding cloud initiatives. With its ability to fuel agility and innovation, cloud initiatives are key factors in most digital transformation (DX) efforts. Despite this, IDC estimates that 10-30% of cloud spending is wasted,* even as companies plan on spending more on cloud.
What Can We Do For You?
Cloud Economics Framework
IDC understands that how your cloud is contracted, structured and used is key to its value delivery to your organization.
We deliver actionable, targeted recommendations. These recommendations identify key areas for improvement and their associated benefits. Action Based.
Cloud Economics gets you cost and performance value from your technology investments
- Cost management and efficiency
- Unused resources
- Workload optimization
- Discount options and licensing
- Multi-cloud cost optimization
- Tying costs to utilization
- Continuous improvement
- CSP cost benchmarking
How Will It Impact Your Company?
Cost Reduction In One Year
Defect Reduction During Test Phases
Lower Incident Volumes In One Year
What benefits it brings?
45% of organizations consider cloud expenditures their top IT expenditure priority, even as 90% consider reigning in the cost of IT delivery as a priority*. (****IDC Future Enterprise Resiliency & Spending Survey - Wave 1, February 2022, n=798) Flexibility is a key benefit of cloud, but cloud complexity makes it challenging to control costs without choking that agility. Many organizations put in place cost control mechanisms that defeat much of cloud's value.
IDC's Cloud Economics solves this problem by providing insights that drive improvement without introducing gatekeepers. While most cloud service providers supply dashboards or reports, IT organizations struggle to use these tools and their data effectively, particularly for communicating the costs and benefits to the business, and communicating investment choices.
Unlike traditional IT services, with cloud both the business and IT have their hands on the steering wheel. Cloud Economics gives the business the tools and insights to better manage their use of the cloud allowing them to balance cast with business benefit.
What You Get
- Contracts and product
- Billing data
- Monitoring data
- Billing and monitoring data
- Cost data
- Cost outliers and cost benchmarking
- Optimization of workloads and cost
- Workloads and utilization
- Performance and sizing
Getting The Most Value From Your Cloud Spend
What Can You Do About Cloud Overspending
See How We Helped Our Customers
PostNL Is Enabled To Manage Cloud Costs Themselves While Keeping An Independent Cloud Management SetUp
IDC Metri has saved about 8% of the costs focusing on licenses and architecture.
International Telecommunications Firm Reduces Cloud Costs By More Than 30%
Cost savings have significantly reduced when compared to the alternative of not investigating all cost savings avenues.
Read more on IDC’s blog
Read our blog to gain the most out of our knowledge.
Senior Consultant, Sourcing
When IT departments have trouble demonstrating their true value, IDC shares ways to make IT seen as customer-focused and high quality.
Jun 6, 2022 · 6 minutes read
3 Harmful Mistakes Companies Are Making In Cloud Cost Management
By applying learned lessons, you can more optimally use the cloud and control your cloud spend.
Feb 10, 2023 · 6 minutes read