Cost savings is often one of the promises and enticements of cloud computing. But it is also easy for customers to end up paying for more than they anticipated. IT decision makers can find some valuable advice in an article journalist George Lawton wrote about how to avoid hidden cloud costs.
One common mistake IT often makes is accounting for the cost of virtual machines but not other cloud computing costs, such as storage and bandwidth. Companies also need to be ready for cost spikes, understand the pricing model, and know what services they will actually receive. IT may also be able to turn to simulation to get a better idea of the costs the company will face. Above all, companies that research and compare services will have the best results.