How smart MSPs work with customers to manage Cloud costs

As at last year, MSPs that moved to the cloud early and took a leadership position in their customers' cloud operations increased their market share. They deepened their relationships with customers who now rely heavily on these MSPs to give them the tools they need to compete and grow. In some cases because of the MSP industry, there are no signs of slowing down anytime soon.

The 2022 Cloud Infrastructure Report

The benefits of digital transformation is evidently seen as more and more businesses and applications move to the cloud are clear.

Research found that 71% of respondents rely on an MSP for some of their cloud operations. The survey also reported that 100% of companies working with an MSP said they benefited in some way from the relationship. Such benefits include:

1. Gaining knowledge they don't have internally

2. Increasing productivity

3. Security and improvement of compliance or maintain

4. Reduction of the total cost of cloud services

5. Support for innovation

MSPs can provide more value to their customers by negotiating and advocating for their customers. Kalibr8 is a next-generation cloud optimisation platform that uses automation and artificial intelligence to understand and adjust cloud consumption.

Just as they've worked closely with many highly successful MSPs to develop their platform, these MSPs have shown us how closely they work with their customers as digital transformation shapes those who truly invested in understanding where their customers want to go.

A common denominator among fast-growing MSPs are: constant communication and making sure every customer knows they're looking for ways to manage their IT costs, especially around unpredictable cloud computing, rising storage costs, microservices and more.

Coud optimisation platform helps MSPs to offer smart savings to their customers by improving their bottom line using cost efficiency and productivity gains based on the lead time of automated solutions.

In the same 2022 Cloud Infrastructure Report, only 21% of companies said they were very confident in cost visibility for public cloud services, and 15% were not sure at all. Since 2021, the number of very confident responses has decreased by 10 percent. At the same time, the number of those who lack confidence in cloud costs has increased.

In 2023, MSPs will have an exciting new opportunity to understand exactly what they are spending and what they are asking customers by continuously scanning their cloud infrastructure and services.

The difference now is that AI-based software makes it easy to understand where money is being wisely spent or wasted, not just at the end of each month, but in the middle of each business day.

Cloud cost optimisation is about more than reporting and viewing cost trends and monthly and submitting quarterly reports. The cloud is more than just a way to reduce on-premises legacy costs. With proper planning, cloud migration can be an integral part of business strategy, supporting customers with better products and services, providing a more competitive experience and reshaping almost their entire workflow.

However, cloud optimisation software is not yet designed specifically for MSPs. The platform is designed to enable MSPs to meet their specific requirements and automate day-to-day management so that MSPs can focus resources on other value-adding tasks. No matter where each customer is or what industry they operate in, their MSP can play a key role in leading their ongoing transformation.

With transparency and better constantly updated information to act with confidence, MSPs who work with their customers to get value from the cloud will keep customers forever. The best way to serve customers for years to come is with more automated, intelligent and real-time cloud optimisation tools that improve the bottom line for both the MSP and every customer. 2023 is the year of cloud management based on trust in the cloud.