Hot off the presses, RightScale’s 6th annual State of the Cloud report cites several new trends, including a narrowing race among public cloud providers, a decrease in private cloud adoption, and a renewed focus among enterprises on optimizing cloud costs.

Among the highlights? Significant wasted cloud spend is driving users to focus on costs.

There's An App For That: Apptio Solutions Meet Demands of New Cloud Survey

In the report, respondents are concerned about an estimated 30% in wasted spend, making optimizing cloud costs in 2017 a top priority for cloud users. Optimizing cloud costs is the top initiative across all cloud users (53%) and especially among mature cloud users (64%).

In contrast, only a minority of companies are taking critical actions to optimize cloud costs, such as shutting down unused workloads or selecting lower-cost clouds or regions.

So, how will companies get a handle on their cloud costs? To increase efficiency and savings, IT leaders need a full view of technology investments—on-premise, public cloud, private cloud— across infrastructure, applications, and business services and projects.

Luckily, there's an app for that

Apptio Cost Transparency marries financial and operational data from on-premise and cloud providers to quantify the business value of hybrid IT investments. This allows IT leaders to analyze, plan, track, and optimize their cloud investments and alleviate concerns about wasted spend.

With Apptio, you can:

  • achieve a full view of technology investments—including on-premise, public cloud, private cloud—across infrastructure, applications, and business services and projects
  • make public/private cloud migration decisions using TCO
  • manage bills for public cloud and SaaS providers like Amazon, Salesforce.com, etc. 
  • automate processes like benchmarking, chargeback, and planning to maximize business management efficiency

To learn how you can get to valuable insights about your cloud spend within 90 days, read our blog 5 Tips for Cloud Cost Management or download our informative Cloud Economics poster.