Cloud financial management on AWS
As per the 2022 International Data Corporation (IDC) report, 92% of companies receive important benefits that help companies increase growth, improve business and IT agility, and realize key long-term cost reductions. By now, we have established that economies of scale are one of the key levers for you to start your migration journey to the cloud. But it’s not an easy journey, especially for organizations that have complex workloads, and combined with today’s unprecedented friction or blockers. It is important to understand and achieve the full potential business value of the cloud. The following diagram showcases a fundamental cloud model on AWS versus a typical charging model on a data center. As per 451 Research (https://pages.awscloud.com/rs/112-TZM-766/images/451Research-cloud-financial-management-benefits-go-beyond-cost-savings.pdf), the value of the cloud is not just limited to TCO reduction. You experience a flywheel of greater...