IT FINANCE
PROS AND CONS OF XAAS
SOURCE : PETER STIEGLBAUER , CEO OF POLYDYNAMIC
PROS
Scalable at will , anytime Usable immediately , few setup Usually , quicker precise service You can write off as expenses directly Use on every device
CONS
Cloud is never to be trusted Renting is way more expensive Scaling high is very expensive Internet and conglomerate dependency XaaS is mostly closed source Mostly poor AI answers , lack of service
“ The knock-on effect of the move to an OPEX model for IT budget maintenance through cloud-based services is better , more predictable spend , and a greater ability to plan ahead for strategic investment in IT services , such as data security .”
Ryan Donovan , professional services team lead at SoftwareONE , believes the pandemic has further driven the switch to XaaS . The danger , he says , is that the financial transformation , left unchecked , may spiral out of control . His solution is to treat IT finance as you would IT projects , and establish a FinOps approach .
“ Organisations will have to reconsider budgets in the long term to evaluate OPEXspend . This will include putting in place the right budgetary controls to avoid overspending and unchecked consumption ,” he says .
“ A positive takeaway from a long-term perspective is that organisations are now in a position to take a more structured approach to cloud financial management , to assess cloud spend , identify areas of improvement , and make an action plan detailing where savings can be made – a practice known as FinOps . Though this has been a period of upheaval , it has accelerated digital
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