Through 2024, most legacy applications migrated to public cloud IaaS will require optimization to be more cost effective, according to Gartner. This will see cloud providers building up their native optimization capabilities to provide enterprises with cloud choice in cost-effective architectures that will satisfy their varying performance demands.
Cost optimization is fundamental to any cloud migration strategy. It is essential to identify from the onset the right applications to migrate, for example. Also, cloud-native, microservice-based applications, which are created for distributed multi-cloud deployments, may perform better than traditional applications but could also lead to extreme complexity over time. This can make it more difficult to predict your cloud costs unless you’ve adopted modern tools to connect these continuous variations in cost to business outcomes.