Cloud computing is undeniably the future of the business world. That said, there are often overlooked costs associated with migrating your resources to the cloud, which is why it’s important for businesses to take a long look at the total cost of ownership (a.k.a. TCO) before making any final decision.
Most businesses will want to know what their total cost over the next 3 to 5 years; as well as, whether they will have any return on their investment at all. Unfortunately, there is no accurate calculation as of yet due to underestimation, incorrect implementation of data integration and rapid changes to cost models.
For more information about calculating TOC and return on investment, please see our recent knowledge center article The Often Overlooked Cost(s) of Cloud Computing.
While cloud computing has the potential to help most businesses in the long run, enterprises can be shocked by the total cost associated with it, which are mostly due to overlooked factors. For businesses that decide to migrate to the cloud, it is imperative that they incorporate all of their costs when they begin the process. You should make sure to include variable and fixed portions. If your enterprise is not very familiar with cloud computing, you should seek assistance.
Another way you can ensure that you factor in all of your costs is by learning the specifics of the cloud. This includes learning what can change and what will change in time. Having this knowledge will not only help you better understand the cloud, but it will help you be able to anticipate further changes and how they will affect you.
Even though cloud computing may be the future of the business world doesn’t mean it’s right for every business.. Yes, incorporating the cloud into your business could bring you profits; however, this depends greatly on how your business spends money and your plans for using the cloud.
If you’d like more information about cloud computing, please visit or blog or knowledge center. You can also contact our cloud computing consultants and we’ll be more than happy to help you find a solution that works best for your enterprise.