According to Gartner, "by 2022, 75% of organizations using cloud data management will encounter budget overruns resulting in their questioning the value of using cloud services."
Although Gartner survey respondents overwhelmingly agree that the use of public cloud leads to cost savings, data and analytics leaders who use cloud infrastructure and services for analytics, operational database management systems (DBMSs), data lakes and other data intensive environments are often surprised by cost overruns.
"The application of financial governance controls for cloud environments will provide increased predictability and identify opportunities for cost optimization. A comprehensive approach combining proactive, reactive and product-specific measures is essential for predictable budgeting for cloud data manage." per Gartner.
Gartner Overcome Economic Uncertainty Through Financial Governance of Your Cloud Data Management Environment,Adam Ronthal,29th April 2020. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.