Cloud Computing: It's like having an overdue book charge at the library, for $15,000.
Cloud computing offers amazing benefits for IT. Its variable, pay-as-you-go structure allows IT organizations to contract only those computing resources needed for specific tasks, at the exact time they’re needed.
The same pricing scheme that provides incredible efficiency, however, can be remarkably inefficient if not monitored. Because virtual and cloud computing resources are “invisible,” they can often be overlooked or forgotten when a job is completed. Yet the meter for these resources is still running. Like a library book that isn’t returned, the cost keeps rising; one IT director recently noted at an industry conference that her organization incurred $15,000 in unnecessary operational expense in a single month, simply because its public cloud resources weren’t “returned” after use.