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Optimize cloud strategy before you repatriate
Deloitte analyzed anonymized data from several FinOps engagements to assess optimization efforts , finding that businesses can save up to 45 % ( 15 % on average ) on cloud costs by optimizing across waste management , consumption management and purchasing best practices levers .
Common tactics of re-architecting applications , managing cloud sprawl and monitoring spend using the tools each cloud provides are a great first start . However , these methods are not the full picture . Storage optimization is an integral piece . Focusing on cloud storage costs first is a smart strategy , since storage constitutes a large chunk of the overall spend . More than half of IT organizations ( 55 %) will spend more than 30 % of their IT budget on data storage and backup technology , according to the Komprise 2024 State of Unstructured Data Management .
The reality is that most organizations don ’ t have a clear idea on current and predicted storage costs and how to economize nor how much data they have nor where it resides . By gaining a thorough understanding of data and its needs , IT can place high priority data on topperforming storage while moving older , less important data to cheaper storage . The point is : if you don ’ t efficiently manage data over its lifecycle , both options will be expensive .
Focusing on cloud storage costs first is a smart strategy , since storage constitutes a large chunk of the overall spend .
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