The success of your enterprise’s digital transformation relies in no small part on your hybrid cloud infrastructure, which SearchCloud Computing defines as “a cloud computing environment that uses a mix of on-premises, private cloud and third-party, public cloud services with orchestration between these platforms.” Because this infrastructure is not a homogeneous environment, migration, management, and optimization can be an ongoing challenge.

The as-a-service model and shared economy has changed the way people think about products, properties, and partnerships. Netflix found massive success not by improving the DVD experience but by eliminating it altogether. Companies like WeWork, Airbnb, and Vrbo created a shared economy that reduces the need for ownership. As a part of our business transformation in the last one year, Virtana has embraced both the sharing economy and as-a-service subscription.

Cloud computing has many benefits. But there are also challenges, and cloud cost management may be one of the biggest. Here are 49 stats, benefits, and hard truths you need to know about cloud cost management, along with tips and requirements to help you take control and keep your spending in check while delivering on all the value you’re looking for.

In an on-premises environment, you have to pay for the capacity you have regardless of whether you’re using it, and you can’t exceed that capacity without purchasing and provisioning new hardware. In the cloud, however, you have much more flexibility thanks to cloud elasticity, which is the ability to automatically provision or deprovision resources based on workload changes.

I am a big proponent of cross-functional alignment, as I remnded our ELT at a recent off-site meeting. There’s a lot of buzz about FinOps bringing financial accountability to cloud spend by eliminating procurement siloes and implementing cross-functional best practices. As the CFO of a SaaS company, I fully support this practice. In fact, Virtana recently made some changes to our cloud infrastructure as part of our own evolution.

Cloud infrastructures have introduced increasing levels of complexity—you have to manage workloads across on-premises, private, and multiple public cloud environments. This requires you to migrate efficiently, optimize effectively, and stay rightsized on an ongoing basis, all while meeting evolving business requirements. With so many moving parts, it can be a massive challenge with lots of pitfalls that can cost you time and money and even put your business results in jeopardy.

Organizations need tools to manage their infrastructure, which today is expanding beyond the data center to include multiple public clouds. In fact, in a recent survey of hybrid cloud decision makers, we found that the vast majority of respondents (88%) have placed more than one-quarter of their workloads in the public cloud, and 44% indicated that they’re running more than half of their workloads in the public cloud.