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Concerns on increasing cloud cost
Where the rules are broken. Such an attitude often gives rise to 'shadow IT,' which is the use of infrastructure, services and applications outside the boundaries of an organization's corporate IT policies. Shadow IT, that targets cloud-based technology creates what is known as a 'shadow cloud.
Many CIOs in the mid to latter phases of their cloud migrations are increasingly trapped in a vexing quagmire — handing their CFOs massive monthly cloud bills with no ROI to show for it.
Every cloud provider offers discounts and built-in free optimization tools, but the fact is not everyone uses them. Only 36% of #AWS users take advantage of reserved instances, and 31% use saving plans, according to the Flexera State of the Cloud report. Those numbers are down from 52% and 44% last year, respectively.
Accenture, for instance, maintains that many of its clients in the 30% and 50% phase of their cloud migrations are absorbing exorbitant cloud costs when expected business outcomes have yet to materialize.
We have seen the cloud companies have massively increased the manpower to sell the cloud solutions by addressing certain fear factors. A report says, many CIOs have adopted the cloud model with a fear of how their jobs will be affected.
IT professionals may even want to prepare themselves to convert their enterprise IT infrastructures into private and/or hybrid clouds, and to take on the role of provisioning cloud services for end users and business partners.
#Cloudplatform salespeople were incentivized to sell as many cloud access licenses and cloud usage cycles as possible during the business downturn to enterprise buyers who were tempted by discounts and may have overcommitted for monthly cloud services that would not generate proportional ROI in an acceptable time frame.
Companies with a mature approach to cloud learned to control their spending, deploying strategies like guardrails on who cBy VARINDIA | 75 views
23% of organizations are planning to use quantum technologies
Organizations are increasing investment and exploration in quantum technologies with expectations of first commercial applications in 3-5 years, as per Capgemini Research report. The report identifies 23% of organizations globally are currently working on or planning to use quantum technologies, moving from scientific research into real-world solutions. Furthermore, 20% of organizations are expecting to increase investments in technology in the next year. It further says, China (43%) and the Netherlands (42%) have the largest share of companies working on or planning to work on quantum technologies, well ahead of Germany and the UK (each on 26%), versus 23% on average globally. These companies intend to leverage the tech in a number of ways, from improving sustainability in operations, and discovery of new materials for battery manufacture, to securing information, through medical sensors and mitigating harmful industrial gases. Financial services organizations are using quantum technologies for more accurate pricing of risky assets, optimizing portfolios for better returns, and detecting frauds. In addition, Life Sciences companies are attempting to shorten the drug-development cycle using quantum computing.
The Quantum technologies have reached different levels of maturity in terms of expected applications such as:
1. Quantum computing has the highest potential of all quantum domains but it is also the least mature. The pace of development has accelerated, driven by investor interest, expanding use cases and technology breakthroughs. On average, a majority of organizations working on quantum believe that the first commercial quantum computing applications are five years away;
2. Quantum communications could address the new requirements of information security, in particular to secure information exchange with external parties, protect critical infrastructure (IoT and cloud-enabled technologies) within the organization or secure cBy VARINDIA | 78 views
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