The last few years have brought immense change in telco technology adoption trends, with the introduction of 5G, artificial intelligence (AI), the internet of things (IoT), cloud computing, and mobile edge computing.
Cloud adoption has been on an upward trajectory for over a decade with no signs of slowing down. As widescale migration becomes the norm, organizations are realizing cloud financial management — also referred to as FinOps — is critical to creating long term value in the cloud. Building a culture of financial discipline requires visibility and a strategy for measuring success along the way.
It’s no secret that application containerization has revolutionized the digital world as we know it by providing a transient gateway into elastic infrastructure that can scale and grow as needed. Where traditional virtualization was all about creating a single homogenous entity, containers are self-contained units of software, able to run in just about any environment, making them extremely portable.
Achieving cost savings is one of the main drivers for cloud adoption. But for most companies, controlling cloud spend is much more challenging than anticipated. In a recent survey, 94% of IT decision makers report they are overspending in the cloud. Our own survey on cloud costs revealed 90% of executives say better cloud cost management and cost reduction is a top priority.