While C-suite disagreements are to be expected, squabbles over the way a company spends on cloud services don't have to be. Clarifying a company's cloud spending is one way to align all executives.
Why is cloud spending a point of contention among executives?
Cloud spending often leads to disagreements among executives because each role has different priorities. For instance, a CFO focuses on minimizing costs and stabilizing cash flow, while a CTO prioritizes adopting the most effective technology. This divergence in priorities can create conflict when determining the best approach to cloud strategy and optimization.
How can companies achieve clarity in cloud spending?
To achieve clarity in cloud spending, companies should track expenses using unit economics, measuring how each dollar spent relates to revenue and other business outcomes. Establishing effective chargeback models and utilizing tools for granular visibility can help executives coordinate cloud cost management initiatives collaboratively.
What is the benefit of aligning executive perspectives on cloud spending?
Aligning executive perspectives on cloud spending fosters a unified approach to cloud strategy, reducing conflicts and enabling data-driven decision-making. When executives collaborate and support each other's priorities, it enhances the ability to maximize ROI from cloud investments, ultimately benefiting the overall business.
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