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What benefit does a cloud center of excellence provide when partnered across finance, technology, and business functions?

  1. Enabling individual project teams to apply their own approach to security.

  2. Ensuring that there is visibility into ongoing cloud spend.

  3. Reviewing cloud decisions on a quarterly basis.

  4. Owning all cloud spending budgets across the organization.

The correct answer is: Ensuring that there is visibility into ongoing cloud spend.

The benefit of having a cloud center of excellence when partnered across finance, technology, and business functions is that it ensures there is visibility into ongoing cloud spending. This visibility is crucial for effective financial management and resource allocation within an organization. By providing insight into how much is being spent in the cloud, businesses can better control costs, optimize resource usage, and make informed decisions regarding cloud investments. The collaboration across various functions facilitates a collective understanding of cloud resources and expenditures. It helps in identifying trends in spending, potential areas for cost savings, and aligning cloud usage with business objectives. Visibility also fosters accountability among teams, as it allows them to track their spending patterns, ensuring that financial resources are being used efficiently. Moreover, this approach helps build a culture of transparency, where all stakeholders are aware of the financial implications of cloud decisions, driving better strategic alignment and governance across the organization.