One of the primary reasons why organizations migrate to the cloud is to get out of the business of owning and operating IT infrastructure. The cloud can be especially beneficial to organizations facing forklift upgrades of aging hardware, and those that need on-demand scalability to accommodate rapid growth.
However, many organizations move to the cloud without a full understanding of how much it’s going to cost. Some assume that the cloud will be cheaper than on-premises infrastructure, while others look at the price per hour of compute without factoring in storage, backups, management tools and all of the other services that are required to operate a workload. This results in budget overruns, particularly as the cloud environment grows.