The post-pandemic Cloud boom: Why optimising your Cloud spend is key to investing in innovation
The drive for digital transformation has accelerated the adoption of cloud computing at an unprecedented rate. As organisations increasingly need to support remote work and maintain business continuity, the cloud has become the backbone of the new normal. However, many are finding that their cloud costs have skyrocketed – and that's a problem.
According to a recent report by Gartner, global spending on public cloud services is forecast to grow 20.4% in 2024 to total $675 billion, up from $561 billion in 2023. While this growth is impressive, it also highlights the need for organisations to get a handle on their cloud spend. After all, every pound wasted on inefficient cloud use is a pound that could be invested in game-changing technologies like artificial intelligence, machine learning, and advanced analytics.
But why has cloud use grown so dramatically? There are a few key factors at play:
- Remote Work: With employees working from home, organisations needed to quickly spin up virtual desktops, collaboration platforms, and other cloud-based tools to keep their teams connected and productive.
- Scalability: Recent unprecedented volatility across many industries has led to sudden spikes and drops in demand. The cloud's scalability allowed organisations to quickly adapt to these changes without the need for costly on-premises infrastructure.
- Digital Transformation: Over the last few years many organisations have accelerated their digital transformation plans, with the cloud playing a central role in enabling new business models, customer experiences, and operational efficiencies.
But while the cloud has undoubtedly been a lifeline during the post-pandemic period, it's also introduced new challenges – namely, how to keep costs under control in a rapidly scaling environment. And this is where cloud cost optimisation comes in.
By leveraging tools and strategies to monitor, analyse, and optimise cloud spend, organisations can identify areas of waste and inefficiency, right-size their resources, and take advantage of cost-saving opportunities like reserved instances and spot instances. The result? More money to invest in the technologies that will drive innovation and competitive advantage in the post-pandemic world.
At Jumar, we've been helping organisations optimise their cloud spend for years, and we've seen firsthand the incredible impact it can have. By partnering with us and leveraging our Quantum Azure platform and Cloud Optimisation Services, our clients have been able to save thousands on their cloud bills, freeing up valuable resources to invest in AI, machine learning, automation, and more.
So if you're looking to turn your cloud spend from a cost centre into an innovation engine, get in touch. We'd love to chat about how we can help you realise the full potential of your cloud investment.