🧵 1. Cloud costs on the rise for clients, giving IT service firms a new revenue stream to manage leakage of spend. #business
🧵 1. Cloud costs on the rise for clients, giving IT service firms a new revenue stream to manage leakage of spend. #business
🧵 2. As cloud environments become larger and more complex, companies seek help from IT firms to manage increasing variable costs.
🧵 3. Cloud migration saves cost and resources, but many clients waste 28% of their spend. Companies spending 20% more on cloud budgets each year.
🧵 4. IT firms like LTIMindtree signing deals to help companies save over 60% on cloud costs as they modernize applications for migration.
🧵 5. Service providers now offering to manage rising cloud costs as a part of their new deals with clients. Focus shifts from migration to cost control.
🧵 Read more at: https://www.financialexpress.com/business/industry/cloud-services-add-to-it-firms-topline/3240278/