Maximizing cloud investments: The new TCO, Total Cost Optimization

Many organizations are entering into a phase of cost cutting efforts across all aspects of their business, especially for IT. At times, these efforts rotate into a fervent slide into assessing IT spend via Total Cost of Ownership (TCO) which is the estimation of the expenses associated with purchasing, deploying, using, and retiring a software product. Unfortunately, more often than not, this turns into a race to the bottom on spending with little regard to the business value outcomes of an organization’s spend reduction. In this session, you will learn how to counter this by reframing TCO to Total Cost Optimization, which is the continuous discipline to drive spending and cost reduction, while maximizing business value. In other words, how do you keep an eye on spending, but do so while amplifying your return on investment (ROI). This is where organizations shift spending to the left while the dollar-for-dollar outcomes produced are greater than anything possible with a lowest cost alternative. Compound this with cloud cost optimization strategies, to ensure your IT investment goes further now than in the past. Don’t miss this session for LOB owners, CTOs, IT directors, and IT professionals as industry experts share their real-world experiences of helping organizations maximize their IT spend through leveraging turn-key application platforms, hybrid cloud consistent hyperscaler services, and evolve their FinOps strategies for greater ROI and more competitive market offerings.