Many say to cut cloud computing in a slowing economy, but it's not that simple. Use these strategic moves to position yourself to lead the recovery.
Should we cut cloud spending during an economic downturn?
Cutting cloud costs does not necessarily mean reducing cloud usage. In fact, many enterprises are overspending on cloud services due to inefficiencies rather than overuse. Instead of cutting back, consider implementing financial operations (finops) mechanisms to better manage cloud resource utilization. This can lead to reduced spending while actually increasing the value derived from cloud investments.
Is it a good time to hire cloud talent during a downturn?
A downturn can be an opportune time to hire cloud talent. The demand for cloud skills has led to a seller's market, but recent layoffs have made skilled professionals more accessible. Investing in talent now can prepare your organization for future growth and innovation, ensuring you have the necessary skills in place when the economy rebounds.
How can we prepare for recovery while managing costs?
To prepare for recovery, companies should focus on strategic investments rather than cuts. This includes building essential programs like finops, modernizing systems, and developing multicloud management strategies. By addressing inefficiencies and enhancing capabilities now, businesses can emerge stronger and more effective when the economy improves.
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