By now Cloud computing has become a common term and many organizations are looking at how this new delivery model can transform their organization and cut costs. However, the shift to Cloud computing is not without risks. Jeff Muscarella, the Executive Vice President of the IT division at NPI, a spend-management consultancy, has outlined six mistakes that could cost a company. The article is published at CFO.com.

Here are the six mistakes outlined in the article:

1. Not taking full account of financial commitments on existing hardware.

2. Not factoring in your unique requirements when signing up for a cloud service.

3. Signing an agreement that doesn't account for seasonal or variable demands.

4. Assuming you can move your apps to the cloud for free.

5. Assuming an incumbent vendor's new cloud offering is best for you.

6. Getting locked in to a cloud solution.

Click here to read the full article Six Costly Cloud Mistakes