Research shows that anywhere between 20%-35% of cloud costs are completely wasted. That’s a minimum of $5 million wasted every day on idle and over provisioned resources. As organizations take advantage of the benefits the cloud offers, that waste will only increase.
The problem stems from the difficulty to provide oversight around the cloud resources:
- Cloud offers on-demand provisioning, so anyone can spend company money in the cloud without central tracking.
- Lack of enforcement around provisioning practices. Companies lack the ability to say, “No, developer, you cannot choose the premium instances for your development phase.”
- Organizations have limited visibility and tracking to de-provision resources outside of business hours for non-production workloads, or clean up resources once they have passed their time-to-live (TTL).