cloud glossary

Everything you need to know to become a wizard of the cloud!

Cloud Spend

Cloud Spend
The estimated monthly dollar amount spend on a company's cloud infrastructure. Public cloud providers bill based on usage and meter costs depending on how much usage is measured, like an electricity bill. Provisioning a server and running it for 5 minutes vs. 1 hour makes a difference in costs. Every object in a public cloud is measured and billed. Some providers offer free services with the expectation that the customer will use a paid service in the future. There are many companies that provide cloud spend analytics to help customers decipher their cloud bills.
The Importance of Cloud Spend
Knowing a company's cloud spend provides valuable insight. With cloud spend data at your fingertips, you can determine if there is ample room for your product in a prospects budget, estimate usage and fit for your services, and more.
in other words
The Chief Technology Officer's allowance.
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