Cloud Cost Management Takes Center Stage
IT Channel, March 13th, 2023
IT shops appear ready to focus on cloud costs amid inflation and economic uncertainty. Service providers expect clients to invest more in FinOps and optimization tools this year.
Cloud cost management, an as-a-service adoption problem that has simmered for years, is commanding greater attention in 2023 amid rising cloud prices and economic uncertainty.
Industry reports indicate IT organizations have elevated the task of keeping cloud expenses in check. Technology managers have consistently cited reining in cloud expenses as an issue since at least 2016. While the apparent lack of progress suggests a failure to address the problem, fiscal necessity could inspire action this year. Service providers offering cloud optimization and associated tools could see an influx of business in the coming months.