To take charge of your cloud strategy, get your finances in order first

So you have decided to embark on a cloud strategy? Great! Like many IT leaders, you are looking into public cloud, private cloud or maybe both. Often the driver for the move to cloud is to increase business and development agility as well as to accelerate the time-to-market for new or improved business capabilities. Maybe the driver is the desire to be more efficient with the infrastructure that you already own. Stewardship is a good motive. However, increasingly, we are seeing cloud strategies being initiated to reduce cost or limit future growth of IT capital expenditure.

 

If this is the case for you, I have a simple message: A cloud strategy based on cost reduction needs to start with a new set of IT books. IT needs to determine (sometimes for the first time) what things cost as an internal service provider — and once you’ve embarked on a cloud strategy, IT must be able to actively measure and manage vendors the way they should have been managing themselves all along.

 

So how do you put together this new set of books? You can join Mark Bradley (Product Manager, Executive Scorecard, HP Software) and Richard Hawes (Product Marketing Manager, IT Financial Management, HP Software) for a session to learn the following:

 

  • How to determine the cost of your IT services
  • How to create cost comparables with outside service providers
  • How to establish business transparency regarding the cost and value of services being provided

 

Taking this step is increasingly important, because IT organizations can no longer simply cross-charge their costs and report on service-level agreements (SLAs). Today, business customers can go to Amazon, Azure or other providers’ web pages and see prices for servers, storage, databases and more as well as seeing performance metrics for those services. This means that, for the first time, IT needs to have public cloud-comparable costs, multiple service options and transparent performance information. Today’s IT must provide a cost-effective strategy that improves operating efficiency while embracing the cloud, whether public or private or hybrid.

 

To attend, click here https://www.brighttalk.com/webcast/8397/72769.

 

Tags: cloud| finance
Labels: cloud strategy
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About the Author
Mr. Suer is a senior manager for IT Performance Management. Prior to this role, Mr. Suer headed IT Performance Management Analytics Product ...
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