Discover the benefits of Cloud Financial Management beyond cost savings

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