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IoT
IoT
Cloud // Cloud Storage
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12/3/2014
08:36 AM
Kevin Casey
Kevin Casey
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Cloud Storage: 8 Ways You're Wasting Money

Don't fall into the "cheap" and "easy" cloud trap. Know how you're spending your money -- and why.
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You're blinded by up-front savings
Cloud can reduce capex. This is usually music to the CFO's ears, but the savings won't last if you've got no idea what you're spending on an ongoing basis. To be fair, half of the IT pros surveyed in our Cloud ROI study include ongoing expenses as part of return on investment (ROI) calculations, and 55% measure operational expenses for the life of the project. But that means 45% to 50% don't do either -- one in five respondents, meanwhile, don't do any ROI calculations at all for cloud projects.

(Image: taxrebate.org.uk)

You're blinded by up-front savings
Cloud can reduce capex. This is usually music to the CFO's ears, but the savings won't last if you've got no idea what you're spending on an ongoing basis. To be fair, half of the IT pros surveyed in our Cloud ROI study include ongoing expenses as part of return on investment (ROI) calculations, and 55% measure operational expenses for the life of the project. But that means 45% to 50% don't do either -- one in five respondents, meanwhile, don't do any ROI calculations at all for cloud projects.

(Image: taxrebate.org.uk)

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Li Tan
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Li Tan,
User Rank: Ninja
12/4/2014 | 9:22:06 AM
Good spot!
This post is quite good. It points out one important thing - the cloud is good and provides strong computing power and large storage. However, it's not unlimited and everything comes with cost. You can easily create virtual machines in AWS but there is associated cost. You still have to plan and use the resource wisely.
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