Technology and budgets aren’t always friends. IT has a long history of budget overruns due to changing expectations and goals, and poor cost projections. InfoWorld brought this topic to our attention in their article, “Why many enterprises waste money in the cloud.”
Many in IT don’t understand budgeting or how to predict what things will cost. Most choose whatever resources they think they will need with the objective of achieving the best possible outcome. Surprisingly, expenses began to rise as organizations started leveraging cloud computing.
A recent survey showed that enterprises waste one third of today’s cloud computing investments. Apparently companies have a hard time deploying cloud projects that work at their most efficient. Instead, a big chunk of cloud investment goes to waste.
Research shows that 51% of IT budgets will go to cloud-based systems development and operations by 2025. It is apparent we need to get a handle on projections for cloud projects.
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Melody K. Smith
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