In today's dynamic business environment, CIOs and CTOs have the challenging job of trimming their expanding digital budgets. While there are multiple ways to do this, many C-level executives are turning to cost-effective cloud solutions to save money, boost operational efficiency and streamline processes. In an email interview, Genie Yuan, head of Solutions Engineering for Asia Pacific & Japan, elaborated on making digital investments financially sensible.

Yuan mentioned the total cost of ownership (TCO) encompasses daily operational costs plus services and products, guiding business decisions through a cost-reward analysis. McKinsey's research shows a potential $3 trillion in cloud value, prompting many businesses to consider cloud migration. However, understanding the migration's costs and capabilities is important. To remain profitable, businesses must manage technology expenses.