Intelligent CIO Europe Issue 61 - Page 44

FEATURE : PRIORITIES FOR 2023
Off to the cloud – but at what price ?
While companies in many places are already using cloud-based software for business processes , such as customer relationship management ( CRM ), or financial accounting , the possibilities of the cloud for other core activities are endless . For financial institutions , this includes consumer payments , credit scoring , account statements and invoicing . But it is not only in the financial sector that companies

IF THE VALUE THAT TECHNOLOGY INVESTMENTS ADD TO THE BUSINESS IS NOT KNOWN , DIGITAL TRANSFORMATION CANNOT REACH ITS FULL POTENTIAL . have recognised the benefits : Gartner predicts that the number of companies using the cloud to drive innovation will grow significantly , with an expected US $ 500 billion in global spending on public cloud services last year . Cloud computing promises not only better scalability of IT services and increased organisational and administrative flexibility , but also fast , inexpensive implementation and variable costs based on actual demand .

However , the reality in many companies is different : they pay for applications that are not used or only partially used . In addition , cloud users must also be prepared for higher costs in the course of inflation . In addition , there are costs incurred during the migration period , while the current IT systems and processes must be maintained at least in part in order to be able to handle the day-to-day business .
Challenge : Cost overview and investment added value
Cloud investments can bring many benefits , but only generate sustainable added value for the company if the rising cloud costs are brought under control and the technological added value of the IT assets , and the Technology Value Optimisation , is clearly
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