It’s a familiar scene in 2023. A CIO nervously presents the cloud migration status to the board of directors. After a quick flip through a dozen or so PowerPoint slides and a review of the budget that supports the projects, a few uncomfortable questions arise:
What cost savings is “the cloud” returning to the business?
Will those cloud cost savings pay for the cloud migration?
How much money can we expect to save from the use of cloud computing moving forward?
These are valid questions for a business to ask about funded changes; there should be some business benefit from any investment an enterprise makes, whether installing solar panels or using a new supply chain automation system. The CIO is not dodging those responsibilities, but the board might need an updated set of expectations regarding the benefits the company will realize from cloud migration.
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