Spending on public cloud computing continues to increase and with it interest in ways to control cloud budgets. Two recent studies show that changes in IT responsibility and coordination with other departments often determines how much of a problem “uncontrolled” cloud spending.
IT and Finance clearly need to better align their management of cloud costs, according to 451 Research’s “Cost Management in the Cloud Age” (sponsored by Cloudability). While 40 percent of respondents in IT roles say their budgets and forecasts are accurate, only 26 percent of those in finance roles say they rarely go past their cloud budgets. Finance can get a better view of spending if it works closely with IT, but for now, only 28 percent of respondents formally collaborate across both IT and Finance.
The complete article can be found here.
