- 94% of IT leaders report that they have difficulty optimizing cloud costs effectively
- Limited visibility and unexpected cost fluctuations remain a worldwide persistent challenge
- FINOPS helps organizations to forecast budgets and mitigate governance risks efficiently
Cloud spending management has become increasingly complex for many organizations.
A recent global survey commissioned by Crayon and conducted by Asio Research found that 94% of IT leaders are struggling to optimize cloud costs.
This makes it one of the most persistent challenges in IT cost management.
The adoption of AI adds new pressures on budgets
Despite the adoption of native cloud and third tools, 44% of organizations still report limited visibility of their cloud expense.
Almost half of the companies surveyed also cite unexpected cost fluctuations as a great concern.
As the adoption of AI grows, its impact on the costs of the cloud becomes more pronounced.
These problems are leading companies to reconsider their financial operations strategies and seeking external experience.
About 60% of IT leaders are already using AI tools to automate IT processes, while 40% anticipate that AI will be the main cost challenge in the next three years.
IA writers increase the demand for cloud storage and computational resources, which complicates the predictability of costs and creates a new layer of financial risk.
Finops is emerging as a critical approach to manage budgets, define the metrics of success and reduce governance risks.
By integrating the considerations of AI in financial operations, organizations aim to optimize both technology and spending.
Crayon supports this effort by offering fine solutions as they offer transparency, efficiency and measurable commercial value.
“In Crayon, we see Finops as the discipline that brings clarity to this challenge, helping IT leaders forecast, govern and optimize in hybrid and cloud environments,” said Crayon Global Sales Vice President Ulrik Roland.
“By combining transparency with processable ideas, we train our clients to unlock the true commercial value of their technological investments.”
Concerns about regulatory compliance, data privacy and suppliers are causing some organizations to redirect portions of IT budgets to hybrid or crazy strategies, with an average of 37% of the expenses assigned accordingly.
Security and compliance remain leading conductors in these decisions, which reflects the balance that IT leaders must attack between the flexibility of the cloud and cost control.
The results suggest that, while the adoption of the cloud continues, the workloads of AI and unpredictable expenses could make cost management even more challenging than it already is.
“Finops is especially critical in the current environment where the economy in the cloud, the governance of AI and security cross,” said the software* CEO Melissa Mulholland.
“Finops empowers organizations to take control of their investments of IT, ensuring that they are aligned with commercial results, financially responsible and resistant to emerging risks.”
