A recent report from 451 Research analyst William Fellows caught our eye – Now hiring: Cloud financial administrators. The report – which you can download here on our website – discusses a trending new role in enterprises as they seek to keep cloud costs in check.
Why would you need a cloud financial administrator?
The complexity of the cloud infrastructure space, plus the increasing costs in public cloud as enterprises grow, leaves many enterprises unprepared to manage the financial aspects of their cloud usage. IT, Operations, and Development managers and directors already have too much on their plates to add the entire responsibility category of managing cloud finances – and therefore, some are turning to creating a new role solely for this purpose.
Here at ParkMyCloud, we’ve had similar observations. Just take a look at our case studies to see stories of DevOps Engineers, Operations Engineers, and Directors of Infrastructure Services who were unprepared to take on the additional burden of cost optimization single-handedly. Or so they thought.
Is it worth the expense?
As mentioned in the report, the salary of any cost-savings hire should, of course, be lower than the amount that person saves the organization. If your enterprise’s cloud infrastructure is extensive enough to cover a CFA’s salary, it may seem like a cost-effective decision.
However, this can be done in a simpler and more cost-effective manner by introducing cost-optimization tools. The key is to ensure that they are simple to use, and won’t take much time for users to implement and maintain.
So do you need a cloud financial administrator? Well, it’s up to you. But we don’t think so.