Many organizations have learned the hard way that moving to the public cloud didn’t always achieve the cost savings they expected. In fact, through 2020, 80% of organizations will overshoot their cloud IaaS budgets due to a lack of cost optimization approaches.
This doesn’t mean that moving to the public cloud is a mistake. The public cloud provides huge benefits in agility, responsiveness, simplified operations, and improved innovation. The mistake is assuming that migrating to the public cloud without implementing optimization and governance practices will lead to cost savings.