McKinsey February 3, 2025
Turning cloud cost principles and policies into code that’s integrated into the engineering process could generate almost $120 billion in value.
Does this sound familiar? A company spends more than $50 million a year on cloud services with a small FinOps team dedicated to tracking expenses. This team, supported by contract labor, uses various solutions to monitor and control spending and to identify inefficiencies and opportunities for improvement. Yet cloud waste persists, from storing unnecessary data to using overly expensive services.
Such situations are not unique. We looked at more than $3 billion in cloud spending across organizations and industries and found that most organizations had additional untapped cost savings of 10 to 20 percent (see sidebar, “Methodology”). But even...
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