The estimated monthly dollar amount spend on a company’s cloud infrastructure. Public cloud providers bill based on usage and meter costs depending on how much usage is measured, like an electricity bill. Provisioning a server and running it for 5 minutes vs. 1 hour makes a difference in costs. Every object in a public cloud is measured and billed. Some providers offer free services with the expectation that the customer will use a paid service in the future. There are many companies that provide cloud spend analytics to help customers decipher their cloud bills.
What do we mean by this?
The Chief Technology Officer’s allowance.
THE IMPORTANCE OF CLOUD SPEND
Knowing a company’s cloud spend provides valuable insight. With cloud spend data at your fingertips, you can determine if there is ample room for your product in a prospects budget, estimate usage and fit for your services, and more.