Cloud’s power to digitally transform business comes with a major caveat: access to practically unlimited compute can be a budget buster.
Despite a broad enterprise push to optimize spending and commitments from AWS and other major providers to help, cloud customers passed on billions in potential savings last year, according to ProsperOps.
The FinOps solution provider analyzed $1.5 billion in AWS bills from hundreds of organizations over a 12-month period and found that more than half failed to take advantage of built-in discounts. Most left money on the table by paying on-demand rates for compute services rather than leveraging discount instruments, the report said.
