How to keep tabs on multi-cloud ROI

The cloud’s business benefits such as faster time-to-market, better service quality as compared to traditional IT setups, and a lower Total Cost of Ownership (TCO) are well established, which has led to its pervasiveness. Most organizations have migrated to cloud services providers like Amazon Web Services (AWS), Google Cloud Platform (GCP), Microsoft Azure, and Alibaba Cloud seeking flexible payments, scalability, elasticity, resilience, and more. Cloud’s adoption is also driven by the fact that it provides a flexible and agile platform for innovation and growth. However, even as organizations adopt cloud for building cloud-native applications, they are at the risk of losing sight of cloud ROI.

Optimizing and managing cloud-based resources has become highly complex over the years. The race to the bottom among cloud service providers is long over; it means that it’s up to their customers to find ways to better optimize their cloud costs and increase operational efficiencies. However, they often struggle to reduce the cloud sprawl and manage cloud-native applications. That is why hybrid and multi-cloud setups are now seen as a solution to such challenges. According to RightScale, every major organization is using around five clouds and 81% of the enterprises have a multi-cloud strategy.