Discover the benefits of Cloud Financial Management beyond cost savings

by Gena Chung | on

Amazon Web Services partnered with 451 Research to better understand the impact of Cloud Financial Management best practices on Cloud Cost, Business Value, and Sustainability. A survey of 1,000 IT decisionmakers was conducted across a wide range of industries, and respondents from 11 countries. All U.S.-based respondents were from organizations with public cloud spending of at least $250K USD/year ($100K USD/year for non-U.S. respondents).

Businesses implementing cloud financial management practices report that their efforts result in greater cloud adoption, higher revenue, and improved profitability. Additional key findings include:

  • 95% of respondents agree that using cloud services reduces the Total Cost of Ownership (TCO) for IT infrastructure when compared with on-premises equivalents.
  • 72% of current public cloud users plan to increase their spending in the coming year — more than any other category (SaaS was second with 64% planning to spend more).
  • Cloud buyers are spending the money they save by moving to cloud on new services to improve productivity and derive new revenue.
  • Longer-term cloud users are more likely to implement best practices for cloud financial management, supporting the idea that this is a continuous improvement activity. They are more likely to achieve reduced costs, with over 60% of those with more than four years’ cloud usage reporting unit cost savings of more than 60%.

Learn more about how Cloud Financial Management benefits go beyond cost savings.

📰 Explore the 451 Research study