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14 Cloud Usage Costs That Could Bust Your Tech Budget

Nov 20, 2020, 08:10am EDT

Cloud computing is becoming increasingly popular among businesses in nearly every industry. Many companies are already using cloud technology to store and collaborate on important business files. However, this convenience isn’t free, and companies need to be mindful of hidden costs when budgeting for cloud-based services.

To help you save money when accessing the cloud, we asked the members of Forbes Technology Council to share their insights. According to our expert panel, here are 14 potential budget-busters that can come with your cloud subscriptions.

Access Limitations And Traffic Flows

“Data transfer costs can quickly add up and have a significant impact on cloud budgets,” according to Raj Patil. “Multiple factors need to be considered, such as regional transfers, internal and external access limitations, and downstream and upstream traffic flows. The key to containing cloud costs is to have a robust cloud governance strategy that focuses on cloud spend, resource usage and data quality.”

Read the full article by Forbes Technology Council here.

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