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Rising Cloud Costs: The Achilles Heel of App Innovation - Part 2
Cloud-smart organizations are out in front in delivering value through multi-cloud apps while controlling cloud costs.
Business leaders today are grappling with a tension that’s inherent to today’s digital economy: They recognize they must continue to drive app-centric innovation in the cloud in order to engage their customers and differentiate from competitors; yet at the same time many organizations are struggling with spiraling cloud costs, which cut into their profitability.
This tension is intensifying as businesses increasingly rely on multiple clouds to run their day-to-day operations. Recent VMware research reveals that 95% of organizations believe multi-cloud architectures are critical for business success. At the same time, 76% of multi-cloud organizations report a need to improve control over their cloud expenses. 1 Simply put, organizations see multi-cloud as critical; but many that have adopted this approach are struggling with the costs.