As more enterprises move to the cloud for
agility and savings, FinOps frameworks to control cloud costs are
gaining traction, ISG Provider Lens™ report says
Enterprises in the U.S. are accelerating their migration to
private and hybrid clouds, while also acting to rein in their cloud
costs, according to a new research report published today by
Information Services Group (ISG) (Nasdaq: III), a leading global
technology research and advisory firm.
The 2022 ISG Provider Lens™ Next-Gen Private/Hybrid Cloud Data
Center Services and Solutions report for the U.S. finds that
distributing IT resources across hybrid clouds is becoming the norm
for U.S. enterprises. Facing the growing cost and complexity of
operating on-premises IT infrastructure, most organizations are
outsourcing their data centers or migrating applications to public
and private clouds.
To use the cloud more intelligently, many advanced enterprises
are also adopting frameworks to track and optimize cloud computing
activity throughout their organizations, the report says. These
frameworks are based on the principles of FinOps, a way of looking
at cloud-based operations through a financial lens, which is fast
gaining traction. FinOps is designed to reduce cloud costs, which
in some cases have ballooned as different departments pursued
separate cloud initiatives.
“Private and hybrid clouds can make enterprises more efficient,
but to maximize return on investment, companies need to coordinate
and optimize their cloud strategy,” said Bernie Hoecker, ISG
partner, Enterprise Cloud. “FinOps offers a way to do this, helping
to dramatically reduce cloud costs.”
A FinOps framework provides a holistic view of cloud
implementations across an organization and is a way for each
department to justify and optimize its own cloud use, the report
says. This helps identify and remove inefficiencies, such as by
consolidating small, departmental Microsoft 365
implementations.
Many U.S. enterprises see hybrid clouds as a way to generate new
sources of revenue, the report says. For example, cloud-based
platforms can help companies better analyze customer information
for more effective marketing. This strategy is particularly popular
in the U.S., where enterprises face fewer constraints on the use of
customer data than in other regions, such as Europe.
“Moving to the cloud makes it easier for companies to implement
next-generation data analytics platforms,” said Jan Erik Aase,
partner and global leader, ISG Provider Lens Research. “This
agility is essential to remaining competitive.”
The report also quantifies the growth of managed cloud services
in the Americas and examines several other trends, including the
increasing importance of agile security capabilities and edge
computing.
The 2022 ISG Provider Lens™ Next-Gen Private/Hybrid Cloud Data
Center Services and Solutions report for the U.S. evaluates the
capabilities of 58 providers across four quadrants: Managed
Services for Large Accounts, Managed Services for Midmarket,
Managed Hosting, and Colocation Services.
The report names Ensono, Kyndryl and Rackspace Technology as
Leaders in two quadrants. It names Accenture, Capgemini, Cognizant,
CoreSite, CyrusOne, Cyxtera, DataBank, Digital Realty, Equinix,
HCL, Hexaware, Infosys, LTI, Lumen, Mphasis, NTT Ltd., QTS, TCS,
Unisys, Wipro and Zensar as Leaders in one quadrant each.
In addition, Navisite, NTT Ltd. and Unisys are named as Rising
Stars — companies with a “promising portfolio” and “high future
potential” by ISG’s definition — in one quadrant each.
Customized versions of the report are available from Hexaware
and Unisys.
The 2022 ISG Provider Lens™ Next-Gen Private/Hybrid Cloud Data
Center Services and Solutions report for the U.S. is available to
subscribers or for one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only
service provider evaluation of its kind to combine empirical,
data-driven research and market analysis with the real-world
experience and observations of ISG's global advisory team.
Enterprises will find a wealth of detailed data and market analysis
to help guide their selection of appropriate sourcing partners,
while ISG advisors use the reports to validate their own market
knowledge and make recommendations to ISG's enterprise clients. The
research currently covers providers offering their services
globally, across Europe, as well as in the U.S., Canada, Brazil,
the U.K., France, Benelux, Germany, Switzerland, the Nordics,
Australia and Singapore/Malaysia, with additional markets to be
added in the future. For more information about ISG Provider Lens
research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype
reports, offer a first-of-its-kind evaluation of providers from the
perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 800 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including automation, cloud and data analytics; sourcing advisory;
managed governance and risk services; network carrier services;
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs more than 1,300
digital-ready professionals operating in more than 20 countries — a
global team known for its innovative thinking, market influence,
deep industry and technology expertise, and world-class research
and analytical capabilities based on the industry’s most
comprehensive marketplace data. For more information, visit
www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220629005800/en/
Press Contacts: Will Thoretz, ISG +1 203 517 3119
will.thoretz@isg-one.com
Julianna Sheridan, Matter Communications for ISG +1 978-518-4520
isg@matternow.com
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