Last year, nearly three-quarters of global companies surveyed by integration and automation provider Boomi exceeded their cloud budgets, and in many cases, solving long-standing problems ranging from excess storage to excessive consumption of bandwidth remains elusive. .
The findings come from a report co-published by Forrester Research, which surveyed 420 cloud decision-makers around the world. While two-thirds (65%) of respondents said they prioritize cloud cost management and optimization (CCMO) strategies early in the cloud development process, this rarely extends to proactive strategies at early architecture levels.
Four in 10 respondents said they control costs during the solution architecture phase, while only 6% said their cloud cost recovery strategy is as proactive as possible. More than half of respondents (52%) admitted that they do not have a strategy in place to organize excess storage, and 42% confirmed that they are unable to address excessive bandwidth consumption. 44% of respondents said they lack a broader integration strategy.
According to current CCMO tools, data management is considered the most difficult area to track in cloud spending. The second biggest issue is egress fees, an area that is particularly contentious right now as hyperscale providers — Google Cloud, Amazon Web Services in January, and later Microsoft Azure in March — announced they would be eliminating egress The fee, though, is for customers who leave the platform. common.
The report warns that things could get worse before they get better. Respondents expect further cloud cost issues to arise from applications across IT operations (54% of respondents) and hybrid workloads (50%) as well as software creation platforms and tools (45%). Forty-six percent of respondents said emerging FinOps tools have not yet produced the expected cost visibility.
More than two-thirds (67%) of respondents said solutions like integrated platform as a service (iPaaS) would help reduce overall cloud spending during the architecture phase. Not surprisingly, this is where Boomi comes in. Ed Macosky, chief product and technology officer at Boomi, said the findings are “a clear example of integration being left out of the cloud cost equation.”
“When systems are disconnected and data is siled, companies only see part of their organization’s cloud cost picture, and the lack of visibility impacts tracking and decision-making,” Macosky said. “The problem is that consolidation is viewed as a separate entity, when in fact it has huge potential as a control layer in terms of calculating costs in the cloud.”
Gartner estimates that iPaaS will be the fastest-growing enterprise software field in 2022, so anyone in the enterprise software field can participate. In addition to Boomi, the analyst firm’s latest Magic Quadrant for iPaaS includes Informatica, Microsoft, MuleSoft, Oracle, SAP and Workato.
You can read the full Boomi report here (email required).
Image credit: “Coast Mole”, “Northwest Power and Conservation Commission”, used under CC BY 2.0
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