Cloud computing platforms have been marketed for years as a cheaper option. However, despite the popularity that the cloud has gained, the truth is that organizations still face challenges as they try to manage costs. According to a study by Flexera, a company that offers IT management software, 84 percent of companies find optimization of cloud costs a challenge, while a survey in 2019 also revealed that organizations underestimate their wastage when it comes to cloud computing. This shows that the advantages of using cloud are not always clear, and the cost ends up being more than what companies anticipate.

When an organization decides to move some or all of its computing environment to the cloud, selecting the right provider is of paramount importance. Making the right choice can lead to a fruitful relationship with a cloud partner that benefits your business. Selecting the wrong provider may result in unfulfilled expectations regarding the financial and operational implications of the move.

Rackspace recently rebranded and is focusing on providing unbiased managed cloud services. CEO Joe Eazor stated the rebranding of the company is intended to emphasize that “the primary goal is to accelerate the allure of the cloud for customers.” Rackspace is meeting customers where they are currently at with their cloud systems and assisting with the roadmap. The timing of this is very good as the adaptation of hybrid cloud and multi-cloud becomes the norm across the enterprise landscape. According to a Forrester research report, 74 percent of enterprises have added the hybrid cloud to their organizational roadmap.

Developments in cloud computing have spurred many businesses and organizations to leverage the power available in this 21st Century technological paradigm. Cloud providers are constantly honing their offerings and introducing new methods to attract and serve their customers. They are also jockeying for position as they strive to increase their share of this very lucrative market. Amazon currently leads providers with 33% of the cloud infrastructure services market. Google, Microsoft, IBM, and AliBaba are the other large players in the field. They all are following accepted business practices and searching for ways to bolster their customer base.