An Introduction to Cloud Cost Optimization How to predict, purchase and manage your cloud computing expenses—and why it matters AUTHORS Lynda Partner Senior Vice President, Product and Offerings Pythian Chris Weitz Managing Director Cloud Cost Management LLC V05-052021-HWAN INTRODUCTION TO CLOUD COST OPTIMIZATION | 2 pythian.com CURRENT CLOUD FINANCIAL MANAGEMENT A seismic shift for finance and IT For most organizations, cloud spending is now a significant part of the budget. This shift increases pressure on the current approach to IT finance. Gartner forecasts the worldwide public cloud services market to grow an additional 23.1 percent in 2021 to $332.3 billion, up from $270 billion in 2020.2 Yet as large as the move to include cloud solutions to a diversified application portfo

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