Deciding to move to a cloud-based solution takes research, and that includes dispelling a few common myths. Businesses should be well-prepared before adopting a cloud solution. Following are five common cloud myths, debunked.

Control Planes Can Be Added Later

Employees need correct tags in order properly allocate data and cost and to report any issues. Adding control planes after the cloud has already been deployed simply doesn’t work. Instead, businesses should already be thinking about their control planes when conducting preliminary research, and provide reports to relevant users in order to get feedback that can fix problems before they arise.

IT Finance Should Control Cost and Usage Optimization

In traditional IT, the IT finance department controls most of the cost management. In a cloud environment, the same data (usage and cost) is used in different ways by IT finance and IT operations. Businesses can no longer rely on having IT finance as the only department in control of cost and usage optimization; instead, both departments need to work together to ensure efficient management.

Multi-Cloud Environments Can All Be Managed by the Same Tool

Businesses looking to use multi-cloud environments should ensure that the vendor they select is capable of handling the management of each one. Because the data from each provider is measured differently, even businesses that are starting out in a single-cloud environment should take the time to run a multi-cloud trial or proof of concept with their potential vendors.

Retrofitting the ITFM Is Easy

Traditional IT Finance Management (ITFM) solutions cannot simply be ported over to the new environment and expected to work as they always have. The biggest reason for this is that the cloud is focused on real-time updates and information. With real-time data, businesses are able to adjust and optimize costs and usage almost immediately, instead of waiting until the next accounting exercise as in traditional ITFM. Furthermore, ITFM tools are usually highly specialized, but the cloud requires a more approachable tool set that even regular users can navigate.

Users and Costs Will Self-Regulate

Cloud services are usually metered, allowing costs to be allocated more easily, but that doesn’t mean that users will self-regulate. Instead, they’re more likely to overrun costs because the environment is now decentralized. In order to maintain cost efficiency, businesses must use control planes that allow for both flexibility and appropriate restrictions.

Being aware of potential issues is the first step to reducing or removing them before they begin to affect the bottom line. By doing their research, applying control planes as soon as possible, and encouraging a closer partnership between IT finance and IT operations, businesses will have a smooth, efficient transition and deployment.