The adoption of cloud technology has been on the rise and for good reason - businesses streamline their operations, improve their agility, and reduce costs. However, with the increasing complexity of cloud environments, managing costs has become increasingly important.
This is where cloud cost management comes into play. It refers to the processes and tools used to control, monitor, and optimize the costs associated with cloud usage. With effective cloud cost management, you can maximize the value of cloud investments and achieve the desired outcomes.
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Investing wisely in your assets and infrastructure is key to a higher return on investment. However, to really understand which infrastructure is most cost-effective for your business, you need to perform meaningful cost comparisons.
Cloud Total Cost of Ownership, or TCO for short, is a metric that defines and assesses how effective the cloud is for you by adding up all the costs associated with the purchase, operation, and maintenance of your cloud components.
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BIOS Middle East (BIOS), GCC’s local cloud and managed services provider, has achieved Class B Certification from the Communications and Information Technology Commission (CITC) in the Kingdom of Saudi Arabia. This certification ascertains that BIOS is compliant with the government regulations related to cloud computing services and will be able to securely provide cloud infrastructure services to various businesses across different industries in the KSA.
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Businesses in Saudi Arabia are accelerating their digital transformation journey with the cloud with benefits such as scalability, cost-effectiveness, and flexibility associated with the cloud.
In response to the fast-paced changes and to drive a cloud-led transformation, the Ministry of Communications and Information Technology issued policies and regulations under
KSA Cloud First Policy in February 2019 as part of
Saudi Arabia’s 2030 Vision.
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Digital transformation and remote working arrangements pushed small and medium businesses (SMBs) to leverage the cloud to store their critical data and work processes. While the cloud opens up new opportunities for businesses to scale faster, it also presents a few challenges. One of these is data breach and loss.
According to this 2022 report, the Middle East ranked second on the list of data breach losses after the US, incurring losses of SR28 million from data breaches in 2022 alone.
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Saudi Arabian CIOs agree that cloud can help them bridge the challenges of flexible working, scalability, security, intellectual property compliance and cost efficiencies.
But it’s understandable that as a corporate leader you may have apprehensions about such a big step. Although the local environment facilitates cloud adoption following the launch of the Saudi Cloud First Policy, each organisation within the Kingdom has its own priorities, workloads and technical concerns.
As with any new technology, migrating to the cloud in Saudi Arabia requires asking a few strategic questions.
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Moving IT operations to the cloud benefits both large organisations and medium-sized enterprises alike. The flexibility of the cloud to scale up and scale down, the newfound agility to launch services quickly and the cost savings are hard for most companies to ignore. Consequently, there has been a significant uptake in cloud services in the Middle East and worldwide.
GCC cloud market is expected to more than double in value by 2024, growing from $956m this year to $2.35bn at a cumulative annual growth rate (CAGR) of 25 per cent, a recent study by IDC reveals.
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Managed IT services Saudi Arabia,
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Cloud Service Provider Jeddah,
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Cloud Service Provider Riyadh