According to Gartner, worldwide public cloud end-user spend is forecast to reach nearly $600B in 2023. For most businesses, the goal is to reduce operating costs and increase overall efficiency. Moreover, cloud technologies make it possible to continue business operations virtually anywhere—with reliable internet access—when unexpected circumstances occur.
Unfortunately, due to price bundling, many businesses are overpaying for cloud services they neither need nor know about. This problem became especially prominent during the pandemic when businesses began scrambling for new technologies and solutions. What many companies don’t realize, however, is that their cloud services either have overlapping features or that they are paying for features that are never used.
The Wall Street Journal reported as far back as 2018 that up to 42% of businesses end up overpaying for services as they rush to adopt cloud computing. Let’s take out the irony. After all, you’ve purchased cloud services to save money.
Key findings
A survey of over 1,000 IT decision-makers by CIO.com in 2022 found that:
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- 60% of respondents are using multi-cloud infrastructures, with an additional 20% implementing said structure within the next 12 months
- 94% of respondents reported their organizations to have avoidable cloud expenses
- 66% experienced under-used resources
- 59% reported over-provisioned resources
- 47% reported a lack of skills to manage cloud infrastructure
These findings mirror what we see with our clients, and we’ve created a methodology to rectify the excessive cloud spending via our rigorous cost optimization assessment and expert advice.
The solution
Dual Prism offers technology consulting services tailored toward helping companies optimize their existing cloud solutions. All Dual Prism clients receive a complete evaluation of their cloud services and a strategic plan to increase cost savings and efficiency by eliminating features they may not need or use.
Cloud consulting: Encourages cloud adoption by helping businesses blend existing infrastructure with SaaS (software as a service) solutions. The goal is to optimize costs and use cloud services to their full potential without overutilization.
Digital transformation: Offers modern solutions to help businesses drive innovation, increase overall efficiency, and boost productivity. The digital transformation approach drives customer satisfaction by leveraging collaboration tools and workflow automation.
Infrastructure services (network optimization): Includes examination of current infrastructure and improving design through new, innovative technologies.
Technology roadmap execution: Reaching alignment between the core values of the business and technology strategy to support scaling and growth.
Book a call with us—free 30-minute personal consultation.
Dual Prism is well-informed and experienced in solving the high cloud computing costs that businesses face. Most clients see an average of 30% cloud cost savings after working with us. Even better, some clients have seen over 50% in cost reduction. Let’s take overspending and overcomplicated cloud services off your list of problems. If you think your organization could improve its cloud infrastructure, contact an expert at Dual Prism today for a comprehensive consultation.
