The pandemic rush to the cloud has many IT leaders midway through migrations, faced with sky-high monthly bills, a souring economy, and ROI still a ways off on the horizon.

Deep into a massive shift to the cloud, McDermott International CIO Vagesh Dave found himself at an unforgiving crossroads: As engineers gobbled up the vast computing resources available in the cloud, the oil rig constructor IT chief noticed the monthly bill was sky high with little return on investment yet to be realized during the migration.

To stem the tide, Dave opted to move a range of heavy-duty computing loads back to on-premises servers in a downsized data center. 

That’s just one of many examples of how CIOs have addressed the challenges of digitization and cloud migrations and found the balance in a hybrid model.

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