A Guide to Cloud Cost Management with ServiceNow - Neev

1. A Guide to Cloud Cost Management with ServiceNow End-to-End enterprise IT solutions delivered with precision and quality. Transform today to stay ahead tomorrow.

2. Executive Summary In today’s dynamic business environment, cloud computing has emerged as a fundamental component, offering unparalleled scalability, agility, and access to advanced technologies. However, the challenge of managing cloud expenditures effectively cannot be overstated. ServiceNow’s comprehensive platform for cloud cost management is a pivotal solution, providing the tools and insights needed to gain visibility, optimize usage, and control cloud expenses.

3. Key Takeaways Cloud Spending Surge: By 2025, over half of enterprise IT budgets will be allocated to public cloud computing, emphasizing the critical need for effective cloud cost management. Cost Management Benefits: Cloud cost management can lead to significant cost savings, architectural optimization, improved performance, efficient resource usage, and predictable expenses. Strategic Approaches: Key strategies include organizational policies, right sizing, automatic scaling, power scheduling, removing unused instances, and leveraging discount instances.

4. Introduction The Cloud has become an essential part of today’s businesses. It has transformed how businesses operate, offering scalability, agility, and access to powerful technologies. But with that power comes the responsibility of managing cloud spending effectively. Unmonitored cloud costs can quickly spiral out of control, eating into your IT budget. Gartner forecasts that by 2025, enterprise IT spending on public cloud computing will surpass 51%. With more than half of IT budgets soon allocated to the cloud, it’s crucial to consider whether your cloud spending is optimized. Blog by Neev Systems Continue on visit https://neevsystems.com/a-guide-to-cloud-cost-management-with-servicenow/

5. Thank You