BIOS Blog

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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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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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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In the Middle East, as around the world, the coronavirus pandemic saw technology leaders tasked with maintaining business continuity in the face of work-from-home developments, data privacy threats and increased cyberattacks. 2021 could accelerate that trend.

With COVID-19 likely to continue shaping the immediate business ecosystem, CIOs will be entrusted with a greater share of the business. Technology leaders will be under greater pressure to deliver big results and performance metrics will be more closely monitored.

Accordingly, for Middle Eastern CIOs looking to stay ahead of the game in 2021, here are three tech-focused resolutions that are easy to implement and could win management appreciation.

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