Gaining control over sky-high cloud costs

When was the last time you closely examined your cloud bills? With businesses spending millions on public cloud services annually and facing unpredictable cost growth, managing cloud costs has become a top priority for IT leaders. Worldwide cloud spending is projected to surpass $1 trillion in 2024, highlighting the need for effective cost control.

Akamai, a company known for its operational efficiency and strong revenue growth, didn't just react to escalating cloud costs. It launched a strategic initiative that was a bold move, a vision for the future. Despite facing significant increases in third-party cloud spend, Akamai acted, creating Project Cirrus, a strategic initiative aimed at migrating third-party cloud workloads to Akamai's distributed cloud platform.

Project Cirrus focused on three primary objectives: optimizing capital allocation and strategic investments, ensuring financial resilience, and supporting digital transformation. By addressing these areas, Akamai reduced its public cloud costs by 40% in ...