Before diving into the key actions you can follow to transform your procurement organization, let’s consider a recent scenario I heard from a client. This will give you a better picture of the kinds of problems the key actions provided further in this article can help you tackle.
Enterprise LOBs are rushing to implement cloud-based SaaS solutions, often without support from IT. However, although initial pilot costs may be minimal, as applications begin to scale, their financial impact becomes significant. What steps can CIOs take to address this problem?
By 2020, over 90% of enterprises will use multiple cloud services and platforms, but only one-third of these organizations have established mechanisms to operate their multicloud environments. As cloud adoption grows, cloud provisioning, monitoring, and integration will become critical as organizations cope with multiple providers with different APIs, workflows, and tools. In fact, enterprise focus has already begun to shift from cloud adoption to dealing with the problem of too many clouds (a.k.a. “cloud sprawl”).