Why Your Cloud Bill Keeps Growing (And What You Can Do About It)

Why Your Cloud Bill Keeps Growing (And What You Can Do About It)

Imagine you're at an all-you-can-eat buffet. You're excited, so you fill your plate with everything that looks good. But halfway through your meal, you realize you've taken way more food than you can eat. Now imagine that buffet charges you for every bit of food you don't finish. That's kind of what's happening with many companies and their cloud services.

The Cloud Buffet Problem

Companies love using cloud services. These services let them do all sorts of cool things with their computers and apps without having to buy and maintain their own big, expensive machines. But just like at our imaginary buffet, it's easy to get carried away and take more than you need.

A recent study found that 88% of companies are paying for cloud services they don't fully use. That's like filling up your plate at the buffet and then only eating half of it!

Why Is This Happening?

1. It's hard to know exactly what you need: Cloud services offer so many options, it's like going to a buffet where the menu changes every day. It's tricky to predict exactly what your company will use.

2. Growth is exciting: Companies often prepare for rapid growth by getting more cloud services than they currently need. It's like taking extra food "just in case" you get hungrier later.

3. Old habits die hard: Many companies still budget for cloud services like they did for their old computer systems. But cloud services work differently, and the old ways of planning don't fit anymore.

Enter FinOps: Your Cloud Cost Super-Helper

FinOps is like having a smart friend with you at the buffet. This friend helps you pick just the right amount of food and even suggests the best deals.

Here's how FinOps helps with cloud costs:

1. Real-time tracking: FinOps tools show you exactly what cloud services you're using, right as you use them. It's like having a magical plate that always shows how much food you've eaten and how much is left.

2. Spotting waste quickly: These tools can alert you when you're using more than usual or paying for something you're not using. It's like your friend tapping you on the shoulder to say, "Hey, you haven't touched that salad. Maybe skip it next time?"

3. Smart bargain hunting: FinOps can help find the best deals on cloud services. Some cloud providers offer discounts if you promise to use a certain amount over time, kind of like a buffet giving you a discount for visiting regularly.

4. Making everyone responsible: FinOps helps show each team in a company exactly what they're using and how much it costs. It's like everyone at your table seeing their own mini-bill for what they took from the buffet.

The Big Question

If you're in charge of your company's tech or money:

How are you handling your cloud buffet?

Are you grabbing everything in sight, or are you being picky about what goes on your plate?

Share your thoughts! Have you tried FinOps tools? What worked? What didn't? Let's swap stories and help each other make smarter choices at the cloud buffet.

#CloudCosts #FinOps #TechMadeSimple #askglobaldots

Michael Falato

GTM Expert! Founder/CEO Full Throttle Falato Leads - 25 years of Enterprise Sales Experience - Lead Generation Automation, US Air Force Veteran, Brazilian Jiu Jitsu Black Belt, Muay Thai, Saxophonist, Scuba Diver

5 个月

Sunil, thanks for sharing! I am hosting a live monthly roundtable every first Wednesday at 11am EST to trade tips and tricks on how to build effective revenue strategies. I would love to have you be one of my special guests! We will review topics such as: -LinkedIn Automation: Using Groups and Events as anchors -Email Automation: How to safely send thousands of emails and what the new Google and Yahoo mail limitations mean -How to use thought leadership and MasterMind events to drive top-of-funnel -Content Creation: What drives meetings to be booked, how to use ChatGPT and Gemini effectively Please join us by using this link to register: https://forms.gle/iDmeyWKyLn5iTyti8

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Pallavi Singpure

Data Scientist || Mastering Python, SQL & ML to Drive Business Insights"

5 个月

Great points, Sunil! It’s fascinating how cloud overspending is so common. ?? FinOps certainly feels like that savvy friend guiding us through better decision-making.

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Ganesh The Awesome

IT Shaman : FinOps, Cloud Protection, Web Security, CDN

5 个月

Keep eating!

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