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The rising cost of cloud services is becoming a significant concern for businesses of all sizes. According to Civo's 2024 Cost of Cloud report, 59% of organisations have seen their cloud bills increase over the past year, with nearly 37% reporting that the cloud has failed to deliver on its promise of cost-effectiveness.
For many, the complexity of billing and the dominance of the "Big 3" cloud providers have made cost management a daunting task.
The report highlights that cloud cost increases are not uniform. While some organisations have seen their expenses rise by up to 10%, others have experienced increases exceeding 25%. Smaller businesses are particularly hard-hit, with a significant portion facing monthly cloud bills ranging from £8,000 to as high as £4 million.
Despite these challenges, 40% of organisations have yet to take any meaningful steps to manage or reduce their cloud costs.
The Challenge of Cloud Cost Management
Several factors are driving the increase in cloud expenses. Inflationary pressures and the rapid deployment of AI technologies are key external influences, but the complexity of cloud pricing models often results in unnecessary costs. For organisations that struggle to keep track of their cloud usage and billing, these costs can quickly spiral out of control, making cloud services far more expensive than anticipated.
How Venture 1 Consulting Can Help
At Venture 1 Consulting, we understand the challenges organisations face in managing cloud costs effectively. Our team of experts is equipped to help you regain control over your cloud expenditures through a combination of strategic advice, transparency, and optimisation techniques. Here’s how we can assist:
Comprehensive Cloud Cost Assessment: We will analyse your current cloud usage and expenses to identify areas where costs can be reduced without compromising performance.
Customised Optimisation Strategies: Based on our assessment, we will develop a tailored strategy that aligns with your business needs, ensuring that you get the most value from your cloud services.
Simplified Billing Management: We help demystify the complex billing structures of major cloud providers, providing you with clear insights into where your money is going and how to optimise your spend.
Migration to Cost-Effective Alternatives: If appropriate, we can assist you in transitioning to more cost-effective cloud infrastructures that better suit your organisation’s needs, potentially moving away from the costly hyperscalers.
Ongoing Support and Monitoring: Cloud cost management is not a one-time task. We offer ongoing monitoring and support to ensure that your cloud environment remains optimised as your business evolves.
Take Action Today
Don’t let rising cloud costs eat into your budget. Contact Venture 1 Consulting today to learn how we can help you optimise your cloud spend and unlock the full potential of your cloud infrastructure.
Whether you're dealing with runaway costs or just want to ensure you're getting the best value, our team is here to guide you every step of the way.
Get in touch with us to start your cloud cost optimisation journey.
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