While this growth is impressive

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06.06.2023
Ejas Mohammed Ibrahim, Head of Enterprise Architecture at Capgemini Americas, tells InformationWeek how organizations adopting cloud-native architecture can avoid migration pitfalls.

The growing adoption of cloud technologies such as blockchain, edge computing, and low-code/no-code services has left many organizations thinking about how to best leverage the cloud to create value for their business and customers.

The cloud has proven to be a game changer for remote work, disaster recovery, cost control, and overall agility, and it’s no surprise that global spending on cloud services is expected to reach $1.3 trillion by 2025 , representing an annual growth rate of approximately 16.9%.

, many businesses still find cloud migration and cloud management challenging and wonder where to start or, more importantly, what to fix. Therefore, demonstrating and proving the return on investment (ROI) potential for their business is critical to success.

Executives who are unsure whether the cloud is right for their business, or who have already begun implementing migration plans, should ensure that their cloud strategies are carefully managed. They can do this by paying attention to the following four key industry trends.

FinOps
Many large enterprises spend millions of dollars el salvador mobile database cloud services but feel they are not seeing any return on their investment.

Cloud FinOps, a relatively new discipline, focuses on managing the financial aspects of cloud computing and aims to optimize costs and improve the profitability of cloud services through a set of best practices and tools. FinOps is currently growing rapidly, with many organizations adopting this important approach to gain better visibility and control over their cloud spending.

This trend is driven by the growing adoption of cloud services and the need for enterprises to operate efficiently while taking into account costs. FinOps helps organizations identify and eliminate wasteful spending, improve budget predictability, and optimize cloud usage to improve ROI.

Administration is essential to FinOps because it allows companies to align their cloud investments with their strategic goals and manage the financial risks associated with cloud services. Many organizations invest millions in cloud technologies, and it is worth investing time and effort to understand and control their expenses.