Adopting public cloud technology is meant to be an engine of innovation that drives agility and scalability, but what’s the right way to ensure financial success? It takes a modern approach to processes, skills, architecture design and tools to become financially efficient in managing and optimizing cloud spend.
C-suite executives view the cloud as critical to their corporate strategies. Transitioning to the cloud allows for product innovation, flexibility and agility, and cost savings. Businesses want to take advantage of each of these benefits. However, companies frequently find themselves falling far short of their expectations of lower costs and higher asset optimization.
The responsibility for managing the financial and asset life cycle of servers, storage, networking gear, and licenses has been the burden of centralized IT and operations teams. The public cloud consumption model upends that tradition by democratizing control. The cloud’s self-service model puts control of the technology directly into the hands of cloud consumers, making legacy organizational models and their associated skillsets outdated. Instead, organizations require a new set of processes and controls to help ensure the right people have the ability to operate the right set of cloud services.
The right solution for managing and optimizing cloud spend requires a modern set of processes, skills, architecture leading practices, and tools. An organization’s maturity across these four dimensions translates into a “Cloud Efficiency Score.”
PwC has worked with organizations across industries and sizes to understand what drives higher Cloud Efficiency Scores, allowing us to create a proprietary Cloud Efficiency Scorecard to help organizations measure and track their scores.
PwC’s Cloud CFO (Cloud Consumption and Financial Optimization) solution helps organizations manage and optimize their IT spend on public cloud with the new tools, processes, controls, and skills required to get the job done.
We can help you drive consumption and financial optimization through offerings such as the following: