Mind the Gap: Cloud Spending is Perplexing CFOs

Cloud spending confusion is rising among CFOs. An IBM executive explains how FinOps, automation, and AI-powered solutions can improve cost visibility and management.

As my family’s “CFO,” I meticulously scanned my utility bills late one night. As I went through them, line by line, I was confused and frustrated – I couldn’t understand the jump in costs and what was driving them. It was a confusing mix of kilowatt hours, supply and transmission costs, and local fees. I’m seeing a very similar phenomenon with cloud spending.

My day job at IBM is creating automation solutions to help solve organizations’ efficiency and observability issues in the IT industry. As a foundation for today’s digital transformation, cloud and hybrid cloud technologies offer many benefits, from cost savings to flexibility, security, and automatic software updates; yet, all the benefits come with various costs that can be difficult to measure and ...