Tangoe: Technology Expense & Lifecycle Management
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Cloud Cost Optimization:
8 Stats IT Leaders Need to Know

Cloud is now a significant line item in all IT budgets, but service costs will climb without effective efforts to curb spending. Here’s a look at the top IT challenges when optimizing cloud expenses.
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Gartner Logo

Gartner says 60% of organizations will encounter cloud cost overruns that negatively impact their business.

Grounding Cloud Costs

Information Invisible

35%

Only 35% of companies have complete visibility into cloud assets and their impact on the business

Choice Overload

29%

of cloud resources go wasted with 12% entirely unused and 17% underutilized

IT Dollars Wasted

48%

Only 48% of IaaS investments and 39% of UCaaS investments have fully delivered anticipated benefits

480k unique SKUs

Choice Overload

There are 480K unique SKUs or pricing options for a single hour or partial hour of AWS EC2 services

Squeeze More Value Out of Cloud Services with FinOps Solutions

65%

Only 35% of companies have complete visibility into cloud assets and their impact on the business

+20%

Only 35% of companies have complete visibility into cloud assets and their impact on the business

2X Savings

Third-party FinOps tools can double your cost savings on cloud services

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Benefits of a FinOps Solution

1

Reports reveal how efficiently (or inefficiently) each cloud service is used

2

Integration and insights help you right size IaaS, SaaS, and UCaaS investments

3

Automation allows you act on cost-saving recommendations instantly

4

IaaS tagging, pausing, and discounting guidance shows you how to save money

5

Cost thresholds alert your stakeholders to cost overruns before they happen

6

Transparency into applications and license usage helps consolidate redundant tools

7

Reconciliation compares actual spending against budgets to govern cloud costs

8

Your corporate financial rules are used to allocate cloud costs to other departments

Why Tangoe for FinOps Solutions?

Wide Cloud Visibility:
IaaS, SaaS,
UCaaS

AI-Powered FinOps:
Patented
Capabilities

Broad Flexibility:
Tailored Software
and, Services

Trusted Solutions:
FinOps Foundation
Premier Partner

FinOps Foundation

Make FinOps Simple with Tangoe One Cloud

SEE HOW