Cloud is never the cheapest option

One of the cost benefits of moving to the cloud is that you don't have to make sizeable initial hardware investments. Instead, you basically rent hardware, paying a much smaller monthly recurring fee. Because of this difference in cost structure, you can use your budget much more wisely. Thanks to big players like Amazon, Google, and Microsoft, who all provide cloud computing platforms.

Cloud computing is the delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet ("the cloud") to offer faster innovation, flexible resources, and economies of scale.

By adopting a subscription-based, cloud hosted framework, organizations can shift IT costs from a capital expenditure (CapEx) model to an operating expense (OpEx) model. That provides both greater predictability and the opportunity to spread costs out over time. Ultimately, cloud systems are cheaper in start-up costs, maintenance costs and support costs; however, the exact figure depends on the amount of data needed to be stored.

The trend shows that, cloud adoption has become a common practice by many enterprises. Now, many companies that have embraced the cloud are feeling the acute burden of a spike in spending.

Cloud computing is sweeping across industries and majority of organizations are moving to the cloud in order to scale up their business. A common phenomena that, anything that becomes popular in the digital world will inevitably become a target of smart cyber actors—and cloud computing platforms are no different.

However, when it is not managed properly, it can also expose the organizations to sophisticated cyber-attacks. Data in the cloud may just be more vulnerable than data on on-site servers. These vulnerabilities are compounded by lapses across both Cloud Service Providers (CSPs) and end-users.

Expert says that, it is a common problem with the enterprises, it have ineffective or no cloud cost management operations, also known as cloud finops (financial operations). Finops should include cloud cost observability systems that report what’s spent where, by whom, and for what purpose, as well as the root cause of the spending.

With the adoption rate increases, there are possibility of increasing a new type of attack that is cloud cyber attack, that targets off-site service platforms that offer storage, computing, or hosting services via their cloud infrastructure can be classified as a cloud cyber attack. This can include attacks on service platforms that utilise service delivery models like SaaS, IaaS, and PaaS.